A chattel mortgage is a type of finance facility used for the purpose of purchasing vehicles or other business plant equipment.

With a chattel mortgage the goods are owned by you, however the title of ownership is retained by the financier until final payment is received.

You can claim the allowable depreciation and interest as a tax deduction. GST does not apply to the monthly payments, however the GST on the purchase is recoverable at the time of purchase.

With a chattel mortgage you are able to finance the full purchase price of the goods, include an upfront deposit or trade-in.

You may choose to structure your payments to clear the debt in full over the term of your agreement or nominate to have a balloon/residual value payable at the end of the chattel mortgage term.

If you would like to start a discussion on arranging a chattel mortgage or car finance in general please call us on 1300 887 967 or submit your online enquiry here.

The new model Mazda’s 6 could be an option for car finance customers looking for a new medium-sized family vehicle.

The new model is just as big as its predecessor but is lighter and “more refined”, offering a smoother and quieter ride for passengers.

A four-door saloon, five-door hatchback and an estate will mean that new car shoppers, including those with approved car finance, will have plenty to choose from and all are noted for their “generous” amount of boot space.

Also highlighted is the vehicles safety level and a price range which the review states is “competitive” and contributes to an overall package that will its competitors a real run for their money.

In today’s car finance market we find more and more people are choosing to utilise a car finance broker to get the best motor finance deal available when they are searching for a personal car loan.

In times passed, we had found that car buyers would just turn to their bank or arrange dealer car finance.

We now find that more than ever before, car buyers are turning to finance brokers to assist with arranging their new car finance and used car finance. Car finance brokers are affiliated with many different lenders including banks and finance companies. As such a car finance broker is able to quickly and easily locate the most cost effective personal car loan for you.

The advantage of seeking a broker when searching for a personal loan is that you don’t have to waste your own time running around looking for the cheapest car loan interest rates.

A finance broker has access to the best available personal car loan deals to give you the best car finance options and car loan products available in the marketplace.

A realistic approach to your budget can mean securing the right best car loan for your new or used car at a bargain price.

Drivers need to take a measured approach to assessing their car finance options and also consider other car costs such as fuel and other costs associated with running a vehicle.

There is more to a buying a new or used car than the list price alone and car loan customers are advised to keep this in mind and avoid damaging their “financial health”.

When considering how much you wish to spend each month on your car finance or personal car loan you should first estimate how much you feel comfortable with putting aside each month towards paying off your car loan.

Drivers need to budget for the true cost of a car – allowing for such expenses as comprehensive insurance, fuel and vehicle maintenance in addition to your car finance repayments.

Whilst car loan customers will see new cars depreciate quickly, choosing the best car finance package can ensure that you can change and upgrade your car with confidence at any time during the car loan term.

As fuel prices continue to soar, the top rated Toyota Prius is emerging as one of the most sought after used cars in the Australian marketplace. Recent trends indicated by growth in personal car loan applications for hybrid cars indicate that the best car finance package can making owning a hybrid car more affordable.

Whilst the Prius is not the only hybrid car available for sale in Australia, the green credentials of the car have also helped its popularity.

There are two hybrid models currently available in Australia – the Toyota Prius and Honda Civic Hybrid.

Hybrid cars offer a combination of an efficient petrol motor with an electric motor. In the Honda, the electric motor helps the petrol motor keep fuel consumption down, while the Toyota can run on the electric motor alone if the car is moving slowly.

Both systems use the electric and petrol motors together when more power is needed.

In both cars, the electric motor is powered by a battery and whenever you brake, the electric motor converts to a generator and tops up the battery.

Following recent publicity about hybrid cars, the shortage in supply is now leading many customers to asking to be placed on a waiting list.

Hybrid cars remain popular for those considering salary packaging. The tax benefits available through use of a novated lease can make a hybrid car an attractive option.

Stocks are now being replenished, but shortages could re-occur if demand continues to grow.

Due to supply shortages hybrid cars remain a relatively more expensive option, so you’ll have to drive them for many years before you recover the difference.

A car loan can reduce the financial impact on the purchase of a new or used hybrid car or you can consider car leasing as another alternative.