Chattel Mortgage and Hire Purchase

Chattel Mortgage and Hire Purchase (also known as Asset Purchase) are usually preferred by private companies who like to ultimately own their equipment. These facilities often suit cashflow as a GST input credit is still available even though the asset has not been fully paid for. Fixed or variable rate structures are available over terms of up to ten years.

Interest rates are usually fixed at the beginning of the term, although variable rate facilities may be available for facilities over $1 million.