A Chattel Mortgage is an ideal way for individual business customers to maximise the taxation benefits gained from financing a new equipment.
Chattel mortgage is designed especially for those sole traders and partnerships, who account for their business operations on a cash basis.
Individual business customers accounting on a cash basis can claim back GST as soon as they lodge their next Business Activity Statement (BAS).
Chattel Mortgage offers individual business customers the ability to tailor the finance contract to best suit their needs. The customers may select contract term, deposit amount and balloon payment, enabling them to set the monthly repayment to exactly suit their budget.
Not sure if Chattel Mortgage is the right choice for you? Then please call Konica Minolta Equipment Finance on 0755 286 663 to speak to one of our Directors who will help you choose the finance option best suited to your needs.