Chattel Mortgage

A common finance structure for purchasing business equipment or vehicles, where the borrower owns the asset from settlement while the lender holds a mortgage over it as security.

In More Detail

Chattel mortgages are frequently used for practice equipment and vehicle finance, and can have tax treatment advantages for businesses depending on how the asset is used — this is worth confirming with your accountant.

When to Seek Help

If you're financing practice equipment or a business vehicle, ask your broker whether a chattel mortgage or another equipment finance structure suits your situation.