WHAT IS CHATTEL MORTGAGE?
A chattel mortgage – sometimes called an ‘equipment loan’ – is a lending arrangement that lets you use an asset you’ve just bought as security against the loan used to fund the purchase. This means you can borrow money to buy your preferred Land Rover, and we’ll use your new vehicle as security against your loan.
KEY FEATURES OF CHATTEL MORTGAGE
OPTIONAL DEPOSIT
Option to pay a deposit upfront
OPTIONAL RESIDUAL OR BALLOON PAYMENT
Option to add a residual or balloon payment at the end of your loan term
DEPRECIATION AND INTEREST
Tax-deductible depreciation and interest (subject to the application of tax laws to your particular business)
GOODS AND SERVICES TAX
GST is payable on the cost of the asset
IS FINANCING RIGHT FOR ME?
Purchasing a vehicle is a significant business expense, and repayments are not usually tax deductible, which can make financing a new vehicle more expensive in the short-term.
However, purchasing a vehicle has several benefits that leasing doesn’t offer – most obviously being that you ultimately end up owning a long-term asset. While your loan payments may not be tax deductible, interest repayments qualify as business expenses.
Additionally, petrol, mileage and maintenance expenses can be written off, and insurance and liability costs are typically cheaper on vehicles owned by your business.
IS FINANCING RIGHT FOR ME?
Purchasing a vehicle is a significant business expense, and repayments are not usually tax deductible, which can make financing a new vehicle more expensive in the short-term.
However, purchasing a vehicle has several benefits that leasing doesn’t offer – most obviously being that you ultimately end up owning a long-term asset. While your loan payments may not be tax deductible, interest repayments qualify as business expenses.
Additionally, petrol, mileage and maintenance expenses can be written off, and insurance and liability costs are typically cheaper on vehicles owned by your business.
BENEFITS OF LAND ROVER FINANCIAL SERVICES
To explore additional benefits and exclusive features offered by Land Rover Financial Services, contact your local retailer to learn more.
COVER ALL YOUR COSTS
Get finance for the full cost of your new Land Rover business vehicle — including registration, insurance and on-road expenses — or pay an initial deposit, if applicable, to enjoy lower repayments
GET FINANCE THAT SUITS YOUR BUSINESS
No two businesses are the same. With Land Rover Financial Services, you can tailor solutions to get the best fit for your business and make the most of potential tax benefits
CHOOSE YOUR PAYMENT TERMS
Choose payments that suit your business cash flow—weekly, fortnightly or monthly, by direct debit or BPAY
KNOW YOUR COMMITMENTS
All your finance costs laid out from the start with no unexpected surprises—a fixed interest rate and no account-keeping fees or other hidden costs
OTHER OPTIONS
INTERESTED IN PERSONAL FINANCE?
Land Rover Financial Services also offer Personal Finance options.
^The Land Rover Guaranteed Future Value Program consists of an option to require Land Rover Financial Services to purchase your vehicle at the end of your Land Rover Financial Services Chattel Mortgage or Consumer Loan for a value (known as the Guaranteed Future Value) determined by Land Rover Financial Services and set out in your contract. The Guaranteed Future Value is not a representation by Land Rover Financial Services as to the likely market value of your vehicle as at the end of your contract. The option is available on new and demonstrator Land Rover vehicles for selected models only. Please verify with your dealership vehicles that are eligible for the program. If vehicles are not returned in an acceptable condition, as defined in the terms and conditions or exceed kilometre restrictions the Guaranteed Future Value will be reduced. See the Land Rover Guaranteed Future Value Fair Wear and Tear Guide for more information on the required conditions and circumstances. The cost of the Land Rover Guaranteed Future Value Program is incorporated into the applicable interest rate. Please read the full terms and conditions. Please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information on this page, please seek independent financial and tax advice. Full terms and conditions are available upon application. Available only to approved applicants of Land Rover Financial Services. Available at participating Land Rover dealers.# See the Land Rover Guaranteed Future Value Fair Wear and Tear Guide, downloadable on this page, for more information on the required conditions and circumstances in which the guaranteed future value will be reduced.
Land Rover Financial Services is a trading name of Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460. Australian Credit Licence 389344