Tuesday, 3 February 2015

Business Finance: Why Chattel Mortgage Rates are the Better Choice

Chattel mortgage is a type of finance used for purchasing vehicles and equipment. Under a chattel mortgage, a financing and leasing company will provide the customer with funds in order to purchase the vehicle or equipment (the “chattel”), the customer will make regular repayments and takes ownership of the vehicle at the time of purchase. The financier retains title until final payment is made and takes a “mortgage” over the vehicle. Once the term of the loan is complete and any residual paid the financier removes the Charge, giving the customer clear title to the car.

Monday, 2 February 2015

Business Vehicle Finance Options: Should You Buy, Lease, or Rent?

Every growing business needs an official vehicle, be it a car that the executives can use to attend client meetings or a truck that can deliver goods and equipment. When deciding how much to allocate, you have to evaluate the necessity of a vehicle in relation to the nature of your business. Factors such as credit rating, funding and vehicle acquisition, maintenance, and disposal costs should also be taken into account. Then comes the question of whether to buy, lease, or rent.

Tuesday, 27 January 2015

Learning More about Chattel Mortgage

You might have heard of chattel mortgage before as it is one of the loan options for car financing, especially for car leasing in Melbourne or in any part of Australia. Car buyers opt for chattel mortgage when they are a bit short on the amount they have to pay to own the car, or when they choose not to pay lump sum cash.

Wednesday, 14 January 2015

Financially-Savvy Ways to get your Dream Car

Buying your vehicles for your business with your hard-earned money can significantly bore a hole into your business savings and leave you in a heap. There’s a way to manage the vehicles you need to do your business without overwhelming your budget. You can look for the right credit group to offer opportunities for financing your purchase, or you can opt to try leasing, instead.