Chattel Mortgage for Trucks & Trailers
Ownership from the Outset – With Potential Tax Benefits
If you’re looking to purchase a truck, trailer, or combination for business use, a Chattel Mortgage could be the ideal finance solution. Designed specifically for business operators, this popular loan type gives you full ownership of your truck or trailer from day one, while also unlocking potential tax advantages.
What is a Chattel Mortgage?
A Chattel Mortgage is a commercial finance product where the lender provides funds to purchase a truck or trailer, and you take ownership at settlement. The vehicle is used as security for the loan. This option is ideal for sole traders, partnerships, companies, and ABNs using the asset primarily for business purposes (over 50%).
LOAN AMOUNTS
LOAN TERMS
Why Choose a Chattel Mortgage for Your Truck or Trailer?
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✅ Immediate Ownership
You own the vehicle from the beginning of the loan term, unlike a lease or hire purchase. -
✅ Flexible Loan Terms
Tailored terms from 12 months up to 7 years, with or without balloon payments. -
✅ Potential Tax Benefits
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Claim GST on the purchase price (if you’re GST registered)
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Interest and depreciation may be tax deductible
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Asset depreciation using temporary full expensing or instant asset write-off (speak to your accountant)
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✅ No Kilometre Restrictions
Drive and work as much as you need — perfect for long-haul operators. -
✅ Balloon Options Available
Lower your monthly repayments with a residual or balloon payment at the end of the term.
Chattel Mortgage Is Suitable For:
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Prime Movers
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Tippers
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Flatbeds
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Curtain Siders
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Refrigerated Trailers
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Tankers
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Low Loaders
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Livestock Trailers
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Custom and second-hand truck/trailer combo
Loan Features:
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Loan amounts from $15,000 to $500,000+
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Low-doc options for self-employed and ABN holders
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Pre-approvals for peace of mind when shopping
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Private sale or dealer purchases accepted
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No deposit finance available (subject to approval)
Why Finance Your Truck or Trailer with Us?
We compare a wide range of commercial lenders to help you find a competitive loan tailored to your situation. Whether you’re expanding your fleet or buying your first rig, our team can guide you through the process quickly and simply.
Comparison will not affect your credit rating, and there’s no obligation to proceed.
Chattel Mortgage
Have a question?
We’ve included answers to the most common questions on chattel mortgage loans below.
No, but GST-registered businesses may benefit more from tax deductions and GST refunds.
Yes. We finance both new and used assets, including private sales and auction purchases.
Balloon or residual options are available and can reduce your monthly repayments.
Yes. Most chattel mortgage agreements allow early payouts — speak to us about flexible options.
Depending on the lender, you may need your ABN, proof of income, and identification. Low-doc options are also available.
As long as we have the correct information including income, you could have an answer the same day.
Yes, there may be taxation benefits with financing through a Chattel Mortgage.
Some benefits include:
- Goods and Service Tax (GST) – You could claim the GST credit when purchasing a truck for commercial use.
- Interest Repayments – You could claim the annual interest paid on your Chattel Mortgage as a deduction in your tax return.
- Depreciation – Every year you have the truck or trailer the value depreciates. You could claim the depreciation as a tax deduction.
You should consult your tax professional regarding Chattel Mortgage benefits.
WHAT CUSTOMERS SAY ABOUT US