Chattel Mortgage Business Car Finance
A chattel mortgage is a business finance product where the customer takes ownership of the motor vehicle at the time of purchase.
How does a Chattel Mortgage Work?
Under a chattel mortgage the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase.
The financier then takes a mortgage over the vehicle as security for the car loan. When the contract finishes the charge is removed giving the customer clear title to the vehicle.
Apply For Your Car Loan Online - No Waiting!
Our finance specialists will save you time & money by comparing 40+ leading lenders to get you bank-beating car finance. Best of all - if you're not completely satisfied, your application is obligation-free.Apply Now Get a Quick Quote