Are you a business owner seeking a seamless and efficient way to finance cars, trucks or equipment for work or business use? Comparo is your dedicated partner in securing the ideal commercial vehicle financing solution.
We specialize exclusively in chattel mortgages, the most popular commercial asset finance structure in Australia. We connect business owners with experienced finance brokers who specialise in crafting tailored chattel mortgage solutions.
Our platform is your gateway to accessing a pool of commercial finance lenders, with chattel mortgage experts to help you find highly competitive interest rates and the best fit depending on your unique situation.
Start by sharing basic information about your business, your vehicle financing needs, and your preferences for finance
Our intelligent matching system will connect you with finance brokers who specialize in chattel mortgages and are best equipped to cater to your unique requirements.
You'll engage in a personalized consultation with your selected broker. This interaction allows you to discuss your specific needs, ask questions, and receive expert guidance and a tailored quote.
Your broker will present you with a range of chattel mortgage options tailored to your business objectives, ensuring you have a selection that perfectly fits your needs.
Once you've identified the ideal chattel mortgage solution, your broker will assist you in navigating the steps to secure the financing you require
Whether you are a business owner, self employed, or an employee buying a car or equipment for work use, a chattel mortgage comes with several advantages
GST registered businesses are typically eligible to claim the full GST cost of the asset as a refund on their next BAS. Interest costs and running costs are typically tax deductible, and the asset can usually be written off as a depreciation expense over time. (*You should seek personalised tax advice from your accountant).
With a chattel mortgage, you own the vehicle or equipment right from the start. The lender has a lien, or a ‘chattel’, over your equipment but the ownership is your asset. This is different from some other types of loans where you have to wait until you finish paying to become the owner.
Chattel mortgages offer flexibility when it comes to repaying the loan. You can work with your broker to set up a repayment plan that matches your business's cash flow. This way, you can manage your payments without putting too much pressure on your budget.
Chattel mortgages come with fixed interest rates. This means the interest you pay stays the same throughout the loan term. It can make budgeting and planning your finances easier because you know exactly how much you'll be paying each month
Getting a chattel mortgage is generally a faster and simpler process compared to some other types of loans. You can work with experts who understand chattel mortgages, and they'll guide you through a lot of low doc and lite doc options that help minimise paperwork.
Finding the right financing for your business vehicles can be a daunting task. We've simplified the process to ensure you receive a hassle-free and tailored solution. Here's why we stand out:
Our platform exclusively focuses on chattel mortgages, and our network of seasoned finance brokers is well-versed in commercial finance. This specialization ensures you get expert advice and options that are best suited for your business.
Each business has unique financial needs. Our finance brokers excel in creating bespoke chattel mortgage solutions that are aligned with your business model, financial situation, and cash flows
Navigating the intricacies of chattel mortgages has never been easier. Our platform simplifies the search, making it convenient for you to connect with the right broker and explore options that precisely fit your needs
A chattel mortgage is a type of loan designed for businesses and employees to purchase vehicles, equipment, or assets for work use. With a chattel mortgage, you can acquire the vehicles your business needs while retaining ownership from the beginning. It's an arrangement where the lender provides the funds to buy the assets, and you repay the loan over an agreed period of time.
Comparo specializes exclusively in chattel mortgages. We connect you with experienced finance brokers who understand this financing option inside out. These experts will guide you through the process, explain your options, and help you choose the best chattel mortgage for your business needs.
Chattel mortgages offer several benefits. Unlike some other financing options, you own the vehicle from the start, which means you can claim GST expense, depreciation and interest as tax deductions. Additionally, you can structure the repayments to match your business's cash flow, making it a flexible solution.
A chattel mortgage is the most popular vehicle finance option if you want ownership of the vehicles and want to benefit from potential tax deductions. It's particularly suitable for businesses that use the vehicles predominantly for business purposes. However, for financial and tax advice it’s important to consult with your accountant.
The timeline can vary based on your specific situation and the complexity of your needs. However, once you've submitted your details and connected with a broker, you can typically expect to have a personalized consultation within a few business days. The broker will guide you through the process and help you secure the loan efficiently.
Don't let the intricacies of commercial vehicle financing hinder your business growth. Whether you're a small business or a growing enterprise, Comparo is committed to simplifying the process and connecting you with reputable finance brokers who specialize in chattel mortgages.
Begin your journey toward hassle-free commercial vehicle financing with a chattel mortgage today. Your success is our priority, and we're here to help you achieve it. Get started now and drive your business toward a brighter future with confidence!