Chattel Mortgage
A Chattel Mortgage, or Specific Security Agreement (SSA), is a commercial finance product that provides funds for businesses to purchase an asset. The business owns the car or equipment, with the asset used as the security for the loan.
Differing to Hire Purchase or an Operating Lease, a Chattel Mortgage gives businesses ownership of the asset straight away, allowing them to pay off the loan using the income generated from the asset. We specialise in all types of equipment finance including Truck & Trailer Finance, Yellow Goods Finance, Agricultural Equipment Finance, Materials Handling Earthmoving Goods, Office Fit outs, and all Fleet Finance.
Rental / Operating LeaseA rental / operating lease differs from a finance lease as you pay to use the equipment over a fixed period, but you don’t necessarily own it at the end of the term. When it comes to the end of the leasing term, you have the option to:
| Finance leaseWe source Finance Leasing for businesses who wish to buy equipment. How Finance Leasing works:
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