Heritage Used Car Market
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    Heritage Used Car Market
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    Heritage Used Car Market

    Cnr New England Hwy & Bungaree Street, Maitland NSW 2320
    02 4046 8079
    • Home
    • Used Car Market
      • Used Car Market Under $15k
      • Used Car Market Between 15k-30k
      • Used Car Market Over 30k
      • All Used Cars
    • Our Stock
      • Used Cars
      • Demo Cars
      • New Cars
    • Sell Your Car
    • Finance
    • Service
      • Book A Service
      • Mechanical Protection Plans
    • Company
      • Contact Us
      • Meet The Team
      • About Used Car Market
      • Our Brands
        • Mitsubishi
        • Suzuki
        • Holden
    • Aussie Offroad
    Heritage Used Car Market
    • Home
    • Used Car Market
      • Used Car Market Under $15k
      • Used Car Market Between 15k-30k
      • Used Car Market Over 30k
      • All Used Cars
    • Our Stock
      • Used Cars
      • Demo Cars
      • New Cars
    • Sell Your Car
    • Finance
    • Service
      • Book A Service
      • Mechanical Protection Plans
    • Company
      • Contact Us
      • Meet The Team
      • About Used Car Market
      • Our Brands
        • Mitsubishi
        • Suzuki
        • Holden
    • Aussie Offroad

    Heritage Used Car Market

    02 4046 8079

    CHATTEL MORTGAGE

    Can be perfect for business-use for new & used car buyers who want to maximize the taxation benefits of financing a new vehicle.

    What is a Chattel Mortgage?

    Under a Chattel Mortgage the financier provides the funds to the customer to buy the vehicle and the customer makes regular repayments. To fulfil terms of the agreement the car must be used for greater than 50% for business purposes. At the time of purchase the customer becomes the legal owner of the vehicle and the financier takes out a “mortgage” to secure the investment. Once the loan is paid off the customer has no further commitments to the financer. Note: the vehicle cannot be sold until the loan and any residual amount owing (balloon) is paid in full. This can be part of a trade in process.

    Who is Chattel Mortgage suitable for?

    A Chattel Mortgage, also known as Asset Purchase or Goods Loan, is suitable for a range of customers including sole traders, partnerships, and companies. Chattel mortgages are especially attractive to businesses registered for GST, given the taxation benefits. They also work for businesses who use the cash method of accounting as they can claim GST in the vehicle’s price upfront.

    Benefits of a Chattel Mortgage

    • You own the vehicle from day one.
    • Offers lower interest rates, as a mortgage secures the loan
    • Both the interest charged on the loan and the depreciation of the vehicle may be tax deductible
    • GST on payments may be claimed back on lodgment of BAS
    • Terms available from 2 to 5 years
    • Final balloon payment available, lowering monthly repayments

    What is a Chattel Mortgage?

    Under a Chattel Mortgage the financier provides the funds to the customer to buy the vehicle and the customer makes regular repayments. To fulfil terms of the agreement the car must be used for greater than 50% for business purposes. At the time of purchase the customer becomes the legal owner of the vehicle and the financier takes out a “mortgage” to secure the investment. Once the loan is paid off the customer has no further commitments to the financer. Note: the vehicle cannot be sold until the loan and any residual amount owing (balloon) is paid in full. This can be part of a trade in process.

    Who is Chattel Mortgage suitable for?

    A Chattel Mortgage, also known as Asset Purchase or Goods Loan, is suitable for a range of customers including sole traders, partnerships, and companies. Chattel mortgages are especially attractive to businesses registered for GST, given the taxation benefits. They also work for businesses who use the cash method of accounting as they can claim GST in the vehicle’s price upfront.

    Benefits of a Chattel Mortgage

    • You own the vehicle from day one.
    • Offers lower interest rates, as a mortgage secures the loan
    • Both the interest charged on the loan and the depreciation of the vehicle may be tax deductible
    • GST on payments may be claimed back on lodgment of BAS
    • Terms available from 2 to 5 years
    • Final balloon payment available, lowering monthly repayments

    CHATTEL MORTGAGE

    Can be perfect for business-use for new & used car buyers who want to maximize the taxation benefits of financing a new vehicle.

    What is a Chattel Mortgage?

    Under a Chattel Mortgage the financier provides the funds to the customer to buy the vehicle and the customer makes regular repayments. To fulfil terms of the agreement the car must be used for greater than 50% for business purposes. At the time of purchase the customer becomes the legal owner of the vehicle and the financier takes out a “mortgage” to secure the investment. Once the loan is paid off the customer has no further commitments to the financer. Note: the vehicle cannot be sold until the loan and any residual amount owing (balloon) is paid in full. This can be part of a trade in process.

    Who is Chattel Mortgage suitable for?

    A Chattel Mortgage, also known as Asset Purchase or Goods Loan, is suitable for a range of customers including sole traders, partnerships, and companies. Chattel mortgages are especially attractive to businesses registered for GST, given the taxation benefits. They also work for businesses who use the cash method of accounting as they can claim GST in the vehicle’s price upfront.

    Benefits of a Chattel Mortgage

    • You own the vehicle from day one.
    • Offers lower interest rates, as a mortgage secures the loan
    • Both the interest charged on the loan and the depreciation of the vehicle may be tax deductible
    • GST on payments may be claimed back on lodgment of BAS
    • Terms available from 2 to 5 years
    • Final balloon payment available, lowering monthly repayments

    Our Locations

    Heritage Used Car Market

    Cnr New England Hwy & Bungaree Street Maitland NSW 2320
    Select Department


    • Sales


    • Service


    • Parts

    Sales Department

    02 4046 8079

    Sales Trading Hours

    Monday
    8:15 am - 5:30 pm
    Tuesday
    8:15 am - 5:30 pm
    Wednesday
    8:15 am - 5:30 pm
    Thursday
    8:15 am - 5:30 pm
    Friday
    8:15 am - 5:30 pm
    Saturday
    8:30 am - 5:00 pm
    Sunday
    Closed

    Service Department

    02 4046 8079

    Service Trading Hours

    Monday
    7:30 am - 5:00 pm
    Tuesday
    7:30 am - 5:00 pm
    Wednesday
    7:30 am - 5:00 pm
    Thursday
    7:30 am - 5:00 pm
    Friday
    7:30 am - 5:00 pm
    Saturday
    8:00 am - 12:00 pm
    Sunday
    Closed

    Parts Department

    02 4046 8079

    Parts Trading Hours

    Monday
    8:00 am - 5:00 pm
    Tuesday
    8:00 am - 5:00 pm
    Wednesday
    8:00 am - 5:00 pm
    Thursday
    8:00 am - 5:00 pm
    Friday
    8:00 am - 5:00 pm
    Saturday
    8:00 am - 12:00 pm
    Sunday
    Closed

    Our Locations

    Heritage Used Car Market

    Cnr New England Hwy & Bungaree Street
    Maitland NSW 2320
    02 4046 8079
    Select Department
    • Sales
    • Service
    • Parts

    Sales Department

    02 4046 8079

    Sales Trading Hours

    Monday
    8:15 am - 5:30 pm
    Tuesday
    8:15 am - 5:30 pm
    Wednesday
    8:15 am - 5:30 pm
    Thursday
    8:15 am - 5:30 pm
    Friday
    8:15 am - 5:30 pm
    Saturday
    8:30 am - 5:00 pm
    Sunday
    Closed

    Service Department

    02 4046 8079

    Service Trading Hours

    Monday
    7:30 am - 5:00 pm
    Tuesday
    7:30 am - 5:00 pm
    Wednesday
    7:30 am - 5:00 pm
    Thursday
    7:30 am - 5:00 pm
    Friday
    7:30 am - 5:00 pm
    Saturday
    8:00 am - 12:00 pm
    Sunday
    Closed

    Parts Department

    02 4046 8079

    Parts Trading Hours

    Monday
    8:00 am - 5:00 pm
    Tuesday
    8:00 am - 5:00 pm
    Wednesday
    8:00 am - 5:00 pm
    Thursday
    8:00 am - 5:00 pm
    Friday
    8:00 am - 5:00 pm
    Saturday
    8:00 am - 12:00 pm
    Sunday
    Closed

    Quick Links

    • Home
    • Used Car Market Under $15k
    • Used Car Market Between 15k-30k
    • Used Car Market Over 30k
    • All Used Cars
    • Used Cars
    • Demo Cars
    • New Cars
    • Sell Your Car
    • Finance
    • Book A Service
    • Mechanical Protection Plans
    • Contact Us
    • Meet The Team
    • About Used Car Market
    • Aussie Offroad

    Connect With Us

    Connect With Us

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    Heritage Used Car Market
    Chattel Mortgage
    Maitland
    NSW
    2320
    independent