Equipment Finance Loans

Equipment Finance Loans from Green Light Home Loans - Home Loans, Finance & Mortgage Broker

By: Green Light Home Loans - Home Loans, Finance & Mortgage Broker  19-May-2016
Keywords: Commercial Loan Townsville

A chattel mortgage provides a financial solution that is typically used to purchase goods such as motor vehicles, trucks, industrial plant and other professional equipment. The financier will take a ‘mortgage’ or ‘charge’ over the financed goods, which is released after the final payment is made. What are the key features of chattel mortgage/plant equipment? You hold the title of the goods 100% finance can be provided Repayment schedules are flexible and can be structured to suit your needs Balloon payments at the end of the term can be arranged A chattel mortgage may provide benefits if the financed goods produced taxable income The term of the chattel mortgage is flexible (maximum term 60 months) What are the major benefits of chattel mortgage/plant equipment? You own the goods from the beginning of the contract You can obtain the goods for a minimal capital outlay You can match repayments to cash flow You can pay lower instalments during the term of the contract with a balloon payment at the end Repayments may either be in advance or in arrears

Keywords: Commercial Loan Townsville

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