What is a Chattel Mortgage?
A Chattel Mortgage is a commercial loan, designed specifically for companies and individuals who use their car for 50% or more business use. If you or your company make annual motor vehicle claims, a Chattel Mortgage allows you to claim tax deductions and GST credits if you’re GST registered, significantly reducing your running costs.
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Can I finance my car through Lendly?
Yes. Whether you’re looking at a new or used car, not only do we work with you to get the best purchase price, we’ll also match you with the most appropriate finance solution for your situation. Regardless of whether you’re buying privately, as a business or you’re eligible for a novated lease, we’ll help to explore all the options.
What type of car finance is right for me?
The right finance option depends on lots of factors, whether you’re buying privately, as a business or you’re eligible for a novated lease. Your dedicated Lendly consultant will discuss these options with you and help you find the right car finance to suit your individual needs.
Can I get finance pre-approval?
Yes you can. Just call us and speak to one of our helpful consultants to arrange pre-approval. This gives you peace of mind that once you’ve found the right car, we can process finance as quickly as possible.
What is a Car Loan?
A Car Loan (or Consumer Loan) is the most common type of car finance for private use and is the simplest way to organise a structured repayment over a set term. It’s typically the right option for you if you rarely use your car for business purposes, and your employer doesn’t have a novated leasing program.