A chattel mortgage,
read off the plate.Business vehicle, plant and equipment finance in Perth, arranged by brokers who read the compliance plate before they price the loan.

It is a loan to a business to buy an asset, where the asset itself is the security. You own it from the day you sign, the lender registers a mortgage over it, and when you finish paying, that registration is removed and the title is clear. Chattel is just an old word for a moveable possession.

Yes. This is business credit, so there has to be a business. Companies, trusts, sole traders, partnerships and ABN holders all use it. If you do not have an ABN, the product you want is a consumer car loan and we arrange those too.

The asset has to be predominantly for business use, which in practice means more than half. That is the test for whether the product is available to you at all. Separately, how much you can claim is based on your actual business use percentage, and you have to be able to show it, so keep the records from the first week rather than reconstructing them in July.

The car limit is the highest value the ATO lets you use to work out depreciation on a car. For 2026-27 it is $69,883. It also caps the GST credit on a car above it at one eleventh of the limit, which is $6,353. Pay more than the limit for a car and the difference is not deductible under any other rule.

The car limit applies to passenger vehicles designed to carry fewer than nine people and a load under one tonne. Clear either bar and it does not apply, so the whole cost depreciates and the GST credit is not capped. That is why two dual-cab utes at the same price can produce very different tax outcomes.

Payload is the gross vehicle mass minus the basic kerb weight, and both are the manufacturer's figures on the compliance plate. Basic kerb weight is the vehicle with a full tank, oil, coolant, the spare, the tools and any factory-fitted options. It does not include passengers, goods or accessories.

Not the plate figure, which is the manufacturer's and is what the tax rule reads. Accessories fitted afterwards change what you can legally carry, not what the vehicle was designed to carry, so they will not push a marginal vehicle over the line. Check the plate on the vehicle you are actually buying rather than a specification sheet for the model.

They are two separate tests worded differently. Depreciation uses the passenger and payload test above. The GST exception is for a commercial vehicle not designed for the principal purpose of carrying passengers. In practice a one tonne dual-cab usually clears both, but your accountant applies them to your vehicle, not a web page to a category.

Because you own the asset from day one, a GST-registered business generally claims the credit on the purchase in the Business Activity Statement for the relevant period, rather than a slice at a time over the term. That is the single biggest practical difference between this and a lease.

No GST is charged on the monthly chattel mortgage payment, and the monthly repayment or balloon amount is not subject to GST. The GST sat in the purchase price and you have already dealt with it.

LCT is charged at 33% on the amount above the threshold, and for 2026-27 the thresholds are $91,661 for fuel-efficient vehicles and $80,809 for everything else. You cannot claim a GST credit for luxury car tax you have paid, no matter how much of the use is business. It is a real cost with no offset.

For a vehicle of 4.5 tonnes gross mass or less it is 2.75% of dutiable value up to $25,000, a sliding rate between there and $50,000, and 6.5% above that. Over 4.5 tonnes it is 3% capped at $12,000. RevenueWA publishes a calculator, and it is worth two minutes before you commit to a model.

Usually, if they are on the invoice at settlement. That is the general rule for everything on this page: accessories, fit-out, delivery and the on-roads are far easier to include in the contract than to add to it afterwards. Decide what is in before the dealer writes the order.

A balloon is a lump sum left owing at the end of the term. It lowers every repayment before it and raises what you owe on the last day, and you pay interest on it the whole way through, so it costs more overall. Use the estimator above to see both effects at once, and size it against what you honestly think the asset will be worth on that date.

You still owe the balloon. You can pay it, refinance it into a new term, or sell the asset and cover the shortfall from your own money. This is the risk nobody enjoys talking about and the reason a balloon set to make the weekly number look good is a decision you make once and live with for years.

Chattel mortgage terms range from 1 to 7 years, and Yes Loans publishes 7 years as the outside of that on its own FAQ hub. The right term is the working life of the asset and the length of the work that pays for it, not the longest one available.

Our business loans start from $5,000. There is no published maximum, because what a lender will write depends on the asset and on the business rather than on a number we could print here.

Often no. A hundred per cent of the purchase price can frequently be financed, which is the point for a business that would rather keep its working capital. Putting some in reduces the lender's risk and can be the difference between an approval and a decline on a marginal file, so it is worth asking what it would do for yours.

The interest rate is fixed for the term of the chattel mortgage agreement and the repayments are fixed with it. What the rate itself is depends on the asset, the term, the business and which lender writes it, and Yes Loans is a broker rather than a lender, so we do not set it and will not quote one on a web page.

Yes. It is a loan condition of all the lenders we deal with that the vehicle being financed is comprehensively insured. Worth thinking about shortfall cover as well on anything with a balloon, because a comprehensive policy pays market value and the loan does not care what market value is.

The Personal Property Securities Register is the national register of security interests in things that are not land. The lender records its interest against the vehicle's VIN or the machine's serial number, which is what protects it if you default and what a future buyer searches to check nothing is owing. It is removed when you finish paying.

Generally yes, and what it costs depends on the contract, because business credit is not covered by the consumer rules on early payout. Ask what the payout terms are before you sign, particularly if you upgrade equipment on a cycle, and we will read the schedule with you.

For the structure, yes, and we will say so on the first call. Whether a chattel mortgage, a lease or hire purchase suits your accounts is a tax question. Which lender will write it, on what term and at what price is ours. The two conversations belong in that order, and Yes Loans is not a tax agent.