Daljeet Singh
9 months ago on Google
I have wonderful experience with them they are professional,quick and accurate in terms of loan requirements
Chattel mortgage finance, RyRo Asset Finance
Chattel Mortgage Broker in Sydney: Finance for Business Vehicles and Equipment
Buying a vehicle or machine for your business? Rohan Joshi at RyRo Asset Finance compares chattel mortgage lenders for your ABN, your paperwork and your asset, then handles the application for you.
- Cars, utes, trucks, machinery and equipment
- Balloon, deposit and term options explained
- Dealer quotes checked against other lenders
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Updated November 2026
Chattel mortgage explained
How does a chattel mortgage work?
A chattel mortgage is the most common way Australian businesses finance a vehicle or piece of equipment. The lender pays for the asset, your business owns it from day one, and the lender holds security over it until the chattel loan is repaid.
Step 1
Choose the asset
A new or used vehicle, truck, machine or piece of equipment, from a dealer or, with some lenders, a private seller.
Step 2
Settlement: you own it
The lender pays the seller in full. The asset is in your business name from that day.
Step 3
The lender registers security
Its interest is recorded on the Personal Property Securities Register (PPSR) until the loan is repaid.
Step 4
Regular repayments
Weekly, fortnightly or monthly over a fixed term, with an optional balloon left to the end.
Step 5
Paid off and released
After the last payment, including any balloon, the security is removed and the asset is clear.
Quick answer
What is a chattel mortgage?
A business loan to buy a vehicle or equipment, where your business owns the asset from the start and the lender takes a mortgage over it as security. You repay it over a set term, often with a balloon at the end.
Want the long version? Read our chattel mortgage guide.
Chattel finance for business owners
Who a chattel mortgage suits
A chattel mortgage fits a business that wants to own the asset and use it mainly for work. These are the owners Rohan helps most often.
Tradies and contractors
A ute, van or trailer you use on the job every day, financed by the business that earns from it.
Owner-drivers and fleets
A prime mover, tipper or light truck, from your first truck to the next one in a growing fleet.
Earthmoving and construction
Excavators, loaders, bobcats and attachments, new or used, where the machine is the security.
Small businesses and practices
Companies, trusts and sole traders buying a work car, workshop gear or practice equipment.
Buying mostly for personal use? A consumer car loan is usually the better fit. For every type of business asset, see our asset finance broker page.
Compare your options
Chattel mortgage vs finance lease vs hire purchase vs car loan
The big difference is who owns the asset during the loan. That one point changes the GST, the tax treatment and what happens at the end.
| Chattel mortgage | Finance lease | Hire purchase | Car loan | |
|---|---|---|---|---|
| Who owns it | Your business, from day one | The lender; you rent it | The lender, until the last payment | You, with the lender holding security |
| Best for | Business assets you want to own | Using an asset without owning it | Owning at the end of the term | Mainly personal use |
| End of term | Pay any balloon; asset is clear | Pay the residual, return or upgrade | Final payment; ownership passes | Pay any balloon |
| GST | May be claimable on the price | Included in each rental | Depends on how you account for GST | Usually not relevant |
| Assessed on | Your business | Your business | Your business | Your personal income |
General information. Tax treatment depends on your business; ask your accountant.
Weighing a lease? Our finance lease and commercial hire purchase page covers the rental side. For the side by side detail, read chattel mortgage vs hire purchase on our asset finance page.
Which structure suits my business?
Rohan explains each structure for your asset.
Rohan · 0:22
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Chattel mortgage loans
What you can finance with a chattel mortgage
Any movable asset your business uses mainly for work can be a chattel. The asset is the security, so lenders look closely at its type, age and resale value.
Trucks and trailers
Light trucks, tippers, prime movers and trailers for owner-drivers and fleets.
Machinery and yellow goods
Excavators, loaders, bobcats and other plant for building and earthmoving work.
Photo: 4wheelhouse / Unsplash Cars, utes and vans
Work vehicles used mainly for the business, including canopies and fit-outs where the lender allows.
Equipment and workshop gear
Manufacturing, workshop, medical and dental equipment that earns its keep in the business.
Check my asset with Rohan
Tell Rohan the asset, price and age.
Rohan · 0:25
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Balloon payments
Balloon payments on a chattel mortgage
A balloon (or residual) is a lump sum left owing at the end of the term. It lowers your regular repayments, which helps cash flow while the asset earns. The trade-off is more interest overall, because that part of the loan is never paid down during the term.
When it falls due you can pay it out, refinance it, or sell or trade the asset to clear it. How large a balloon a lender allows depends on the asset, its age and the term, so Rohan checks it against what the asset is likely to be worth at the end.
Lower repayments
Less is repaid each period, freeing up cash for the business.
More interest overall
The balloon carries interest for the whole term.
A plan for the end
Pay it, refinance it or trade the asset. Decide before you sign.
Try a balloon on your chattel mortgage
Set the price, deposit, term, rate and balloon for your asset. The example rate is an assumption, not a quote.
Estimated repayment per month
$1,437.75
60 monthly repayments paid in advance, then a balloon of $16,000
- Amount financed
- $80,000
- Total interest
- $22,265
- Total of repayments and balloon
- $102,265
Breakdown and GST
- Amount financed
- $80,000
- Balloon at the end
- $16,000
- Total interest
- $22,265
- Total of repayments and balloon
- $102,265
- Paid off around
- 5 years from now
GST in the price: $7,273
One eleventh of a GST-inclusive price. A GST-registered business may be able to claim GST on a business asset as a credit on its BAS. Whether you can, how much and when depends on your business use and how you account for GST. We recommend consulting your accountant.
Estimate only, not a quote or tax advice. It leaves out fees and charges, and the rate is the one you type in. Your real repayment depends on the lender, the asset and your business.
Figures last checked .
This is an estimate, not financial advice. Results are a guide only. Speak to a broker for accurate figures based on your situation.
Free, no obligation. Your numbers go with your enquiry.
5.013 RyRo Asset Finance reviews
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Want to compare more scenarios? Open the full chattel mortgage calculator.
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
GST and tax
GST and depreciation on a chattel mortgage
Because the business owns the asset from the start, the ATO treats a chattel mortgage as a purchase. A GST-registered business that holds a tax invoice can generally claim the GST in the price as a credit, and as the owner it may be able to claim depreciation and interest for the business share of use.
How much, and when, depends on your business. Ask your accountant these questions before you sign.
- Whether your business can claim the GST in the price, and in which BAS period
- What share of the asset is for business use, and how to record it
- How depreciation and interest are treated for your business structure
- Whether the car limit or other caps apply to your purchase
Where this comes from
ATO sourcesShow less
The ATO explains that under a chattel mortgage the purchaser takes title from the time of purchase, and sets out when the GST credit can be claimed for cash and non-cash accounting. See the ATO pages on when you can claim a GST credit and GST on hire purchase and leasing. Checked November 2026.
Chattel mortgage finance
What lenders look at for chattel mortgage finance
Every lender sets its own rules, but most look at the same things. Knowing them before you apply means one clean application rather than several enquiries on your credit file.
- ABN and GST registrationHow long your ABN has been active, and whether you are registered for GST.
- Trading historyTax returns and financials for full doc loans; BAS or bank statements for some low doc options.
- The assetIts type, age, condition and resale value, and whether it comes from a dealer or a private seller.
- Deposit or trade-inNot always needed, but it can widen the choice of lenders for newer businesses or older assets.
- Credit fileYour business and personal history, including recent enquiries and any existing finance.
- Business useLenders usually ask you to confirm the asset is mainly for business purposes.
Check which lenders fit
Free, no obligation.
Self employed with paperwork gaps? See low doc options for ABN holders.
Rohan · 0:20
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Sound familiar?
Chattel mortgage situations we solve
Most business owners come to Rohan with one of these. Here is what usually gets in the way, and what we do about it.
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
From one work ute to a yard of machines. Dealer finance on the table
The challenge: The dealer offered a chattel mortgage on the spot, with a balloon and fees you have not compared.
How we handle it
Bring the quote. Rohan compares it with other lenders and explains the balloon, fees and payout terms in plain English.
A young ABN, a first work vehicle
The challenge: Your business is new, so the first lender you tried wanted two years of trading.
How we handle it
We look for lenders that weigh your time in the industry, deposit and credit file, not only ABN age.
Adding to the fleet
The challenge: You already have loans on other vehicles or machines and want to add one more without stalling.
How we handle it
We look at your existing commitments and find a lender comfortable with the whole fleet, not just the new asset.
A balloon falling due
The challenge: The lump sum on your current loan is due soon and paying it out in one go would hurt cash flow.
How we handle it
We look at refinancing the balloon, or trading the asset and rolling into new finance, before the due date.
These are common situations, not client stories. Every loan depends on your circumstances and the lender's policy.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
How it works
How chattel mortgage finance works with Rohan
Step 1
Tell us about the asset
The asset, its price, your ABN and how you use it. Two minutes on the form.
Step 2
Rohan checks lender policy
He matches your business, paperwork and asset to lenders whose rules fit, before any application.
Step 3
Quote and application
You see the repayments, balloon and fees in writing. Rohan prepares and lodges one application.
Step 4
Settlement
Once approved and signed, the lender pays the seller and the asset is yours to put to work.
Start step 1
Step 1 takes about two minutes.
Rohan Joshi
Asset finance broker, RyRo Asset Finance, ACR 565295
Who you will deal with
Rohan handles your chattel mortgage from quote to settlement
You deal with one person. Rohan reads your details, works out whether a chattel mortgage, lease or hire purchase fits, compares lenders and keeps you updated until the asset is in your hands. His clients mention the same things in their Google reviews: clear explanations, quick answers and simple paperwork.
RyRo Asset Finance is a separate company from RyRo Loan Centre, working from the same office as our Norwest mortgage brokers. If you also need a home or commercial loan, Sumit and the RyRo Loan Centre team look after that.
Ask Rohan about my chattel mortgage
Free, no obligation.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Rohan · 0:25
Google reviews
What business owners say about Rohan
Real Google reviews of RyRo Asset Finance, word for word.
5.0
From 13 Google reviews for RyRo Asset Finance
Rohan · 0:23
krunal shah
11 months ago on Google
Thank you for your support to get my business car loan done in 1 day. Highly recommend
Rayen Naidoo
2 months ago on Google
I engaged Ryro Finance to arrange finance for my vehicle, and the experience was excellent. They didn’t just compare car loan options—they took a holistic approach by considering my future financial goals and any upcoming asset purchases to ensure the finance structure suited my long-term plans. They provided valuable advice on the ideal deposit amount, explained the best approach to financing a vehicle, and secured one of the most competitive interest rates available to me. I would highly recommend Ryro Finance, not only for vehicle finance but for any financing requirements. Their personalised advice, professionalism, and long-term financial planning set them apart.
Mark Donovan
a month ago on Google
Rohan provided exceptional service, was communicative and transparent through the entire process. I ended up with a far better deal than I would have got on my own.
Sumit Garg
a year ago on Google
Rohan been nothing short of excellent for us. Being proactive, professional and keeping things very simple and easy to deal with. Gave us an excellent deal and whole process was easy as. Thank you for being so helpful is getting us over the line in getting the new car
Keep reading
Chattel mortgage guides and tools
Our chattel mortgage guide goes deeper on how the loan is set up. The comparison checklist helps you test a dealer quote before you sign.
Free PDF · 2 pages
Free 2-page guide
The Car Finance Comparison Checklist
Car loan, novated lease, dealer finance or chattel mortgage: compare the real cost, not the advertised rate, before you sign.
- The four ways to finance a car, side by side
- A true-cost checklist before you sign
- Which option usually suits you
From Rohan Joshi, RyRo Asset Finance
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
What is a chattel mortgage?
+
A chattel mortgage is a business loan used to buy a vehicle or piece of equipment. "Chattel" means movable property. Your business buys and owns the asset from the day of settlement, and the lender takes a mortgage (a registered security) over it until the loan is repaid. You make regular repayments over a fixed term, often with the option of a balloon at the end. Once the loan is paid off, the security is removed and the asset is yours free and clear.
How does a chattel mortgage work?
+
You choose the vehicle or equipment, and the lender pays the dealer or seller in full at settlement. Your business owns the asset from that day, and the lender registers its security over it. You then repay the loan in regular instalments over the agreed term. If you chose a balloon, a lump sum is left owing at the end, which you can pay out, refinance or clear by selling or trading the asset. When the last payment is made, the lender releases its security.
What are the downsides of a chattel mortgage?
+
The asset is security, so if repayments stop the lender can repossess it. Many chattel mortgages are fixed, which can mean a fee or a higher payout figure if you pay off early or sell during the term. A balloon lowers repayments but leaves a lump sum at the end and adds to the total interest. Because the business owns the asset, it also carries the risk of it losing value. Ask for every fee and the payout terms in writing before you sign.
What is the difference between a lease and a chattel mortgage?
+
With a chattel mortgage, your business owns the asset from day one and borrows to pay for it. With a finance lease, the lender owns the asset and your business rents it for the term, usually with a residual payment at the end if you want to keep it. That difference in ownership changes how GST, depreciation and the payments are treated for tax. Our finance lease page explains the lease side in more detail, and your accountant can tell you which suits your business.
What is a chattel mortgage on a car?
+
It is the most common use of a chattel mortgage: a business buys a car, ute or van and finances it with the vehicle as security. The business owns the vehicle from settlement. It suits a vehicle used mainly for business, and lenders usually ask you to confirm that business purpose. If the car is mostly for personal driving, a consumer car loan is normally the right product instead, assessed on your personal income.
Who owns the vehicle or equipment under a chattel mortgage?
+
Your business does, from the day the purchase settles. The asset is registered in the business or borrower name, and the lender records a security interest over it on the Personal Property Securities Register (PPSR). That security stays until the loan, including any balloon, is fully repaid. This is the key difference from a finance lease or hire purchase, where the financier owns the asset during the term.
Do I need a deposit for a chattel mortgage?
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Not always. Some lenders will finance the full price for an established business with a good credit file, while others ask for a deposit or trade-in, especially for a newer ABN, an older asset or a specialised machine. Putting money in lowers the amount financed and can widen the lender choice. Rohan checks what each lender would want for your business and asset before you apply, so there are no surprises.
Can I claim GST and depreciation on a chattel mortgage?
+
Possibly. The ATO treats a chattel mortgage as a purchase, so a GST-registered business that holds a tax invoice can generally claim the GST in the price as a credit, and as the owner it may be able to claim depreciation and interest for the business share of use. Limits such as the car limit can apply. This is general information, not tax advice. We recommend consulting your accountant for advice specific to your situation.
Can I use a chattel mortgage for a used asset or a private sale?
+
Often, yes. Many lenders finance used vehicles and equipment, and some accept private sales, within their own rules on the age, condition and type of asset and on who the seller is. An older or specialised asset can mean a shorter term, a deposit or fewer lenders. Get your finance approved before you commit to buy, so you know which assets and sellers the lender will accept.
Why use a broker for chattel mortgage finance?
+
Dealer finance is convenient, but it is one offer. A broker compares several lenders, checks their policy against your ABN age, paperwork and asset before you apply, and explains the balloon, fees and payout terms in plain English. That means one clean application rather than several enquiries on your credit file. At RyRo Asset Finance, Rohan handles your chattel mortgage from the first quote to settlement.
Talk to Rohan
Ready to finance your next business asset?
Tell Rohan the asset, the price and a little about your business. He will tell you which lenders fit and what they need from you.
We generally respond within an hour. Prefer to pick a time? Book your strategy call online or contact us.
Rohan Joshi
Asset finance broker, RyRo Asset Finance
- Rohan reads your details and calls you back
- No obligation to go ahead
- Dealer quotes compared with other lenders
Rohan · 0:25
More videos from Rohan
- From 13 Google reviews for RyRo Asset Finance
- 5.0
- Vehicles, machinery and equipment for business
- Chattel
“I had an excellent experience with Rohan for my car loan. He was professional, responsive and extremely helpful throughout the entire process. He explained all the options clearly, found a competitive loan that suited my circumstances and made the paperwork simple and stress-free. I highly recommend RYRO services to anyone looking for a reliable and trustworthy car loan broker.”
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.