If you’re self-employed or use your vehicle mostly for business purposes, an Individual Chattel Mortgage can be one of the most flexible and cost-effective ways to finance your car, ute, van or truck. It’s a popular choice for sole traders, contractors and small business owners because it gives you ownership from the start, while allowing you to spread the cost over time in manageable repayments.
At Crestwood Wheels Finance, we know your time is better spent running your business than untangling finance jargon — so we keep it simple, explain everything in plain English, and tailor the loan to your needs.
A chattel mortgage is like a regular secured car loan, but designed specifically for business-use vehicles. You choose the vehicle you want, we arrange the finance, and you take ownership as soon as the purchase is complete. The lender places a mortgage over the vehicle until the loan is fully paid off.
Because the vehicle is used mainly for business (over 50% of the time), you may be able to claim GST on the purchase price, depreciation, and some of the running costs — though the exact benefits will depend on your circumstances and accountant’s advice.
Business owners often prefer a chattel mortgage because:
It’s particularly handy for businesses that put their vehicles to work immediately — whether that’s making deliveries, transporting equipment, or travelling to clients.
Even new business owners with a recently issued ABN may be eligible, depending on their financial position.
You’re not limited to just one type of car. A chattel mortgage can cover:
Mark, a landscaper, needed a heavy-duty ute with enough tray space for tools, soil and plants. By financing it through a chattel mortgage, he owned the vehicle straight away, locked in monthly repayments that matched his seasonal income, and his accountant worked the asset into his tax plan.
We don’t just tick boxes — we tailor the finance to fit your business. That means understanding your budget, your vehicle needs, and your future plans. We source competitive rates from trusted lenders and handle all the paperwork so you can stay focused on running your business.
With a Crestwood Wheels Finance chattel mortgage, you can invest in the right vehicle today and pay for it over time, without draining your working capital.
Before we get started, let us know how you’re looking to borrow. This helps us tailor your loan options and ensure the right documents and details are collected for your situation.
For business owners or sole traders purchasing a vehicle primarily for business use.
A salary-packaged vehicle lease arranged through your employer.
car loan for individuals who are self-employed or using the vehicle mainly for business purposes
A standard personal car loan for everyday, non-business use.
No problem — select this if you’re unsure. We’ll help guide you to the right option.
