Chattel
Mortgages.
The most popular, tax-effective vehicle and equipment finance for Australian businesses.
- Fast approvals
- Doesn't impact credit
- Fast approvals
- Doesn't impact credit
Why Gusto Finance
30+ years of experience
in car finance
and sales.
Contact our team of expert commercial loan brokers today!
Tax Advantages
With a Chattel Mortgage, you can claim the interest charges on the loan and the depreciation of the asset as tax deductions, effectively lowering your business’s taxable income.
GST Benefits
Because your business takes ownership of the asset upon settlement, you can usually claim the GST on the purchase price upfront on your next Business Activity Statement (BAS), rather than claiming it incrementally over the life of the loan.
Fast Online Pre-Approval
Complete our online application in under 60 seconds and our expert car loan brokers will be in touch to finalise pre-approval of your electric vehicle finance.
Low-Doc Processing
If you are an established, asset-backed ABN holder, you may qualify for a low-doc Chattel Mortgage. This means we can secure your finance quickly without requiring your full, up-to-date tax returns.
A better deal on your commercial finance!
The Gusto Edge
Commercial finance brokers to help you secure a great deal!
- Fast approval. Affordable repayments
- 50+ lenders to test your creditworthiness
- Low-Doc loan assessments
- Team of asset finance experts
How does it work?
The Gusto Way
We make securing a Chattel Mortgage simple and fast.
Free Quote
We verify your ABN details and discuss the asset you are buying to ensure a Chattel Mortgage is the right fit.
Application
We gather the required documents, often just your ID and an invoice if you qualify for our low-doc pathways.
Approval
We submit your application to the best-suited lender. Approvals for straightforward Chattel Mortgages can often be secured in hours.
On Your Way
You sign the loan documents electronically. The lender pays the supplier directly, and you take delivery of your new asset.
Commercial Loans Through Gusto Finance
Speak to our business finance brokers today about the best solutions for you.
Chattel Mortgage FAQs
Questions? We're Glad you Asked.
Here’s a little more about how we operate to best serve our customers who are looking for a Chattel Mortgage for your business. Got a more specific question? Feel free to get in touch.
To be eligible, you must be purchasing the asset under a registered ABN (as a Sole Trader, Partnership, Company, or Trust), and the asset must be used predominantly (more than 50%) for business purposes.
Commercial loans can be used to finance assets like:
- Cars
- Vans
- Trucks
- Caravans
- Boats
- Commercial vehicles
- Yellow goods, or specialised equipment.
Additionally unsecured commercial loans can support cash flow, inventory purchases, or business expansion.
You can start by completing our inquiry form here. You will also need to supply the following documentation:
- 100 points of ID
- ABN Registration
- GST Registration
This may be enough for a low-doc loan. A full-doc will require additional information that varies by application.
The amount you can borrow depends on the lender’s policies, your creditworthiness, and the specific needs of your business. It generally starts at $5,000 up to $500,000 for an SME, but potentially higher depending on your business needs and cash flow.
As part of your initial consultation we will do a “soft credit check”. This does not affect your credit score and will not show as an inquiry on your credit file.
Once we submit your application to a lender they will always complete a full credit check as part of your loan assessment. This will show up as an inquiry.
The main difference is ownership. With a Chattel Mortgage, you own the asset from day one. With a Finance Lease or Operating Lease, the lender owns the asset, and you essentially rent it from them. Most businesses prefer Chattel Mortgages for the upfront GST claim.
Not always. We specialise in low-doc Chattel Mortgages. If you have been trading for a while, have a clean credit file, and are property-backed (a homeowner), we can often secure finance up to $150,000 (and sometimes much higher) without seeing any financial statements.
Yes, bad credit loans are our specialty! We have a number of lenders on our panel who will lend based on current behaviours rather than focusing only on past mistakes.
If you are not yet ready then we can help wth some general guidance for how to improve your credit.
This depends on the complexity of the deal, but a simple vehicle loan can be approved in minutes and settled same day.
We always pursue a speedy outcome with GUSTO!
Our brokers will provide expert guidance to find the most suitable loan for your circumstances.
A credit guide and consent form will be provided to you prior to any loan application submission on your behalf. We will then fight with GUSTO to find a great deal!
Once you have provided all of the required information we will process and submit your application within hours! We aim for same-day approvals and a speedy settlement.
Loan approval timeframes are dependent on your circumstances and cannot be guaranteed but we will always be following up with GUSTO!
