Imagine a business truck loan that didn’t put a brake on your cash flow. What if a truck loan lets you pay off loan insurance and other extras in instalments as part of one loan package. What if there’s a truck loan that lets you claim back GST you paid for your truck on your BAS and even claim depreciation, interest payments and the fuel tax input credit?
There is such a truck loan, and it’s called a chattel mortgage. A chattel mortgage is a simple and low-cost loan product that is available to businesses buying trucks, tankers, prime movers, cranes or forklifts for commercial use.
Chattel mortgages are highly customisable options for businesses looking to buy trucks, cranes and forklifts. Many businesses take out chattel mortgages to purchase new trucks and old trucks as well as plant and vehicles at private sales as well as dealerships.
This means you can finance 100% of your vehicle without the need for a deposit. Businesses and companies can finance more than the total value of the truck, crane or vehicle that also finances extended warranties, scheduled servicing and insurance. The financial professionals at Savvy know how vital cash flow is to a company’s bottom line. That’s why we find low rate and high benefit chattel mortgages for all our truck loan customers.