A chattel mortgage is a great way for business operators to increase tax benefits when financing vehicles. The business owns the vehicle, which is used as security over the loan, allowing our business managers at Brisbane City Mitsubishi to put together a loan package with very competitive terms. The tax advantages occur when your business claims back the GST portion on the next Business Activity Statement.
If you are a sole trader or in a business that accounts on a cash basis, our finance team is ready to discuss with you the benefits that can be obtained with a chattel mortgage. These include flexible contracts and terms, structured repayments to suit your cash flow, including a facility for final balloon payment, tax deductions, and no deposit finance for approved businesses. Call us on 07 3067 4078, or use the contact form on this website to enquire about our chattel mortgage solutions.
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