Financing with a chattel mortgage is an excellent method for businesses to acquire the vehicles and equipment it needs, whilst at the same time reducing tax obligations. Under a chattel mortgage your business owns the vehicles, and the vehicles provide the security for the loan. This enables the finance staff at Brisbane City Skoda the flexibility needed to create a financing deal that is very competitive and best suited to the needs of your business.
Tax benefits occur when the business operator claims back the GST component after they submit the next Business Activity Statement. So for anyone who is a sole trader or in a small business partnership which keeps records on a cash basis, the staff at Brisbane City Skoda are ready to demonstrate the advantages that can be achieved by financing with a chattel mortgage. These include conditions that are flexible so that payments are structured to best fit predicted cashflow for your business. Your business’s loan contract may also include a facility for a closing balloon payment. Aside from benefits from better managing your tax obligations, a chattel mortgage may also suit a business that wishes to obtain lending without a deposit.
Contact us on (07) 3253 1400, or via the contact form to get more information about great chattel mortgage deals with Brisbane City Skoda.
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