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Chattel Mortgage

Yellow Goods and Commercial Vehicles at Passenger Cars Interest Rates

Fri, 2008-05-09 21:25 — Broker

One of our leasing financiers has now placed yellow goods and commercial vehicles in the same class as passenger cars. This is not an error. The lender is prepared to offer passenger car interest rates on commercial vehicles and yellow goods such as: Read more

Chattel Mortgage

Wed, 2008-04-23 10:24 — Broker

Chattel Mortgage (CM)

A Chattel Mortgage is a loan where the financier takes a charge over the goods to be financed and this charge is registered with ASIC and\or the Land Title Office under a Bill of Sale. In legal terms the title to the goods is in the name of the customer but they offer the goods as security to the financier who registers a charge over that asset. Read more

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