PRODUCTS
• Operating Lease / Rental• Finance Lease• Novated Lease
• Asset ( Hire) Purchase• Chattel Mortgage• Commercial Loan
Chattel Mortgage
A Chattel Mortgage is a loan facility where the client owns the asset but the financier takes the security of the asset until the agreement is completed. In most instances a Chattel Mortgage can be 100% financed (including gst) or with an optional deposit. Repayments can be structured and can be payable in advance or arrears.
The benefits:
• No Capital Outlay. A Chattel Mortgage allows you to obtain the equipment now without using working capital.
• Payment Terms. Payment structures include monthly, quarterly, semi-annually, annually, in advance and arrears to meet your cash flow preferences.
• Low Cost. Ozwide finance facilities are provided at credit-for-risk basis. This provides low cost of funds and a cost effective method of acquiring equipment.
• Ownership. Chattel Mortgage provides the client total ownership of the asset.
• Total Solution. Bundle other costs in with hardware including services, installation & software into your Chattel Mortgage agreement.
• GST Benefits. In many instances, business are able to claim the GST portion of the purchase as an input tax credit.