Chattel Mortgage Finance

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Chattel Mortgage Finance

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Key Features

Vehicle/equipment is available for immediate use in the business with no capital outlay; use the Chattel mortgage to purchase assets being used to generate income in your business. This facility enables you to spread the cost of acquisition over the useful life of the vehicle/equipment as it generates income; the minimum term is 12 months with a 84 month maximum term. You acquire immediate ownership of the asset.

You retain all the equity in the vehicle/equipment. Depreciation and interest are usually tax deductible. No GST is payable on individual instalments; you claim a direct input tax credit (ITC). Use the vehicle/equipment as security – in most cases freehold property can be left for other funding requirements.

Added flexibility of including other equipment under the one contract is available if required. Fixed interest rate for the term of the contract, which enables you to avoid market interest rate increases and assists you with budgeting. You choose the supplier and negotiate the price independently; we then pay your supplier.

Key Features

Options

Conserve your cash resources – you can choose to finance 100% of the invoice price OR contribute a deposit in the form of cash or trade-in allowance to reduce your payments. You can structure the transaction so that the amount financed is fully or partially amortised via a balloon payment at the end of the contract term.

You can elect to pay the GST portion of the invoice price from working capital or fund it as part of the loan amount (the loan can be structured so that when the income tax credit is received, it is repaid off the loan to reduce the debt). The repayments can be tailored to suit business cashflow demands and seasonal or irregular income, making it easy to manage.

Option to repay the loan early during the term of the contract (Prepayment Conditions apply). You can structure transactions with payments calculated in advance or in arrears. Direct Debiting of payments is available to save you time.

Terms and Conditions apply and are available on with finance documentation or by request. Statements made concerning tax matters are for general information purposes only and do not constitute tax advice. You are recommended to obtain advice from your professional advisor on tax matters.

Options

View video to see why AGM Finance is an
Award Winning Finance Brokerage Firm.

A Chattel Mortgage or Bill of Sale Agreement can provide your business with an alternative method of funding for vehicle and plant & equipment acquisitions that is designed to optimise cash flow, while minimising the impact of GST. The Chattel Mortgage enables you to purchase the goods you need and acquire immediate ownership of the asset so that you can get on with your day to day business, without significant impact on your working capital.

With access to the cheapest rates and fastest approval turnaround times we are the best in the business.

We have access to over 50 different lenders

We shop for the best rate. It’s part of our duty to ensure that you are receiving the best pricing possible.

Happy Customer Testimonials

"Finance was flawless...an absolute pleasure"

A big thank you to George, Arthur and the Team at AGM Finance. Everything from the accuracy of your initial estimations and amount loan term, through to meeting the required deadlines and understanding our pre approval requirements was spot on!. The manner which you and the team handled our truck finance was flawless!.!! Quick process of loans with the best interest rates. It was an absolute pleasure doing business with you

"I will surely be recommending your wide range of services to everyone in my network"

I would just like to extend my sincere thanks to Arthur, George and their wonderful team for assisting me to get my loan so quick for business needs a few weeks back.

"A great deal with a can-do attitude"

Excellent Customer Service and very proactive business approach with a “Can Do” attitude! Very quick turn around on settlements. If you need to purchase a truck, AGM Finance always come up with amazing and quick loan options for your commercial business with a great deal of truck finance and never disappoint. Any day, any time, happy to refer their business for their Excellent and quick process of loans and Service with a smile!! Thank you, George!

"Most professional finance team you can find Australia Wide"

Always a pleasure dealing with the most professional team of car finance and truck finance broker Australia wide and especially George!!! For once again everyone from the AGM finance team in Brisbane made the business finance process for purchasing a brand new truck in Sydney so easy without any hidden fees and charges! Quick approval of loans. Thank you to everyone!

"AGM are brilliant!!"

It is so hard to find or get a hold of a company (any sort of company) where every member of staff are professional, reliable, on the ball and extremely friendly and helpful. AGM are all of those things. Thanks to the team, It is always such a pleasure to deal with each and every one of them and they are always happy to help with my equipment finance and truck finance.

"Their rates are second to none"

This is the 3rd time that I have dealt with AGM Finance and could not be happier. Thanks to AGM Finance! They are more than happy to take action and assist wherever they can, always available, great advice, fast loan process approval and their rates for car loan and truck loan are second to none!

"a fleet of over 100+ Trucks… the only broker we use"

I have been using the services of AGM Finance for the last 9 years. We now operate a fleet of over 100+ Trucks and Vehicle all financed though AGM Finance. We initially started using them as well as other finance brokers for truck finance, though after a couple of months, I found their service to be most efficient and competitive and now they are the only personal and commercial broker we use.