Chattel Mortgage finance is an agreement where the finance provider funds the purchase of the vehicle and the customer takes ownership of the motor vehicle at the time of purchase. A Chattel Mortgage is often referred to as a Secured Loan or Bill of Sale.
The finance provider then takes a mortgage over the vehicle as security for the car loan.
Once the Chattel Mortgage contract is completed, the mortgage is removed giving the customer clear title to the motor vehicle.
It's easy, just call 1300 Chattel Mortgage that's 1300 242 883.
If you are looking at a Chattel Mortgage as a way to finance your next car purchase, why not consider these other car financing options? If you need further information and expert advice, call us today on 1300 Chattel Mortgage that's 1300 242 883.