Chattel Mortgage for Boats

Boat Finance | Chattel Mortgage

What is a chattel mortgage?

A chattel mortgage is an option for self employed or other business for boat finance. The boat needs to be used predominantly for business purposes. The interest rate on a chattel mortgage is generally cheaper than a consumer loan.

Boat Chattel Mortgage

There are tax implications involved in taking out a chattel mortgage when financing a boat. Please speak to your accountant about this.

Boat Finance Chattel Mortgage

• Businesses’s who have an ABN and want to finance a boat.

Advantages of a Chattel Mortgage for boats

• Usually lower rates than a consumer loan
• Boat loans available with zero deposit.
• Virtually unlimited how much you can borrow if you meet the approval criteria.

Tax implications

There are tax implications involved in a chattel mortgage. Please speak to your accountant about that.