Commercial Vehicle 
Finance Chattel Mortgage

Finance passenger vehicles, utes, trucks or fleet vehicles while keeping ownership and maximising tax benefits.

Take ownership at purchase, structure repayments to your cashflow, and access tax advantages suitable for Australian businesses.

Request a QuoteCall 1800 00 9447
  • Fast approval
  • Competitive rates
  • Trusted by Australian businesses

What are the benefits 
of Chattel Mortgage?

Benefits of a Chattel Mortgage include:

  • Claim the GST paid on the purchase price of the asset on your next BAS
  • Flexible finance options – factor in deposits, trade-ins & balloon payments.
  • Finance vehicles and commercial machinery.
  • Line of credit potentially available for multiple asset purchases.
Vehicle = Chattel

Speak to us about same day, low doc and streamlined approval and funding for businesses that are: GST-registered for more than 2 years, asset backed (property owner), and have a good individual credit rating.

Request a QuoteCall 1800 00 9447

How It Works

A simple 6-step process to finance your business vehicles.

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STEP 1
Choose your vehicle / asset

Select the asset, ute, van, truck, or fleet vehicle you need. Speak to us about getting a better price.

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STEP 2
Submit Finance Application

Submit your application with business financials & asset / vehicle details. Low doc options available.

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STEP 3
Funds paid, you take delivery

Once approved, the lender pays the seller directly for the vehicle.

Eligibility & Considerations
Consumer Eligibility Property & Upgrade Eligibility Additonal Considerations
Consumer Eligibility
  • Must be a homeowner or existing mortgage holder
  • Meet lender-specific criteria for minimum loan amounts, LVR limits, & property values
  • Upgrades must be installed by Clean Energy Council accredited installers
  • Must meet HEUF (Home Energy Upgrade Fund) specific requirements
Eligibility & Financing
Eligibility Criteria Vehicle Types Not Eligible
Eligibility Criteria
Australian business with valid ABN

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malesuada fames ac turpis egestas. Fusce tempus pellentesque ipsum, id luctus metus ullamcorper non. Interdum et malesuada fames ac ante ipsum primis in faucibus. Vestibulum gravida ipsum pellentesque magna sagittis consequat. Maecenas vel tristique augue, in dictum tellus. In ac tincidunt lorem, ac pretium quam. Etiam vel mollis metus. Nullam at odio ex. Integer aliquam facilisis dui, in condimentum neque fringilla non. Quisque mauris arcu, porttitor ut tempus at, hendrerit id lectus.

Suspendisse tempus eget sapien et consequat. Donec porta sapien at mi feugiat, vitae aliquam mauris tincidunt. Phasellus venenatis nibh id justo accumsan, eget condimentum massa sodales. Sed rhoncus faucibus nibh, vitae efficitur mi. Curabitur nunc elit, varius non dui in, dictum fringilla ante. Quisque fringilla lectus vel.

tellus bibendum, at aliquam metus pretium. Praesent ligula velit, euismod ac enim a, ultrices euismod dolor. Phasellus aliquam purus vitae varius ullamcorper. Sed vehicula quam nec lobortis ornare. Morbi a dictum felis. Nulla elementum dictum libero, ut venenatis diam. Curabitur lobortis pellentesque dapibus.

Meet credit criteria and provide financials

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed eget augue efficitur elit tristique luctus. In sollicitudin tortor ac purus aliquet, sit amet pretium est luctus. Donec varius sagittis nunc, sit amet interdum metus sollicitudin sit amet. Vestibulum commodo, leo et dapibus dictum, massa risus vulputate dui, ut dapibus neque arcu ac augue. Pellentesque habitant morbi tristique senectus et netus et.

malesuada fames ac turpis egestas. Fusce tempus pellentesque ipsum, id luctus metus ullamcorper non. Interdum et malesuada fames ac ante ipsum primis in faucibus. Vestibulum gravida ipsum pellentesque magna sagittis consequat. Maecenas vel tristique augue, in dictum tellus. In ac tincidunt lorem, ac pretium quam. Etiam vel mollis metus. Nullam at odio ex. Integer aliquam facilisis dui, in condimentum neque fringilla non. Quisque mauris arcu, porttitor ut tempus at, hendrerit id lectus.

Suspendisse tempus eget sapien et consequat. Donec porta sapien at mi feugiat, vitae aliquam mauris tincidunt. Phasellus venenatis nibh id justo accumsan, eget condimentum massa sodales. Sed rhoncus faucibus nibh, vitae efficitur mi. Curabitur nunc elit, varius non dui in, dictum fringilla ante. Quisque fringilla lectus vel.

tellus bibendum, at aliquam metus pretium. Praesent ligula velit, euismod ac enim a, ultrices euismod dolor. Phasellus aliquam purus vitae varius ullamcorper. Sed vehicula quam nec lobortis ornare. Morbi a dictum felis. Nulla elementum dictum libero, ut venenatis diam. Curabitur lobortis pellentesque dapibus.

GST registered for at lease 2 years (low-doc options available)

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed eget augue efficitur elit tristique luctus. In sollicitudin tortor ac purus aliquet, sit amet pretium est luctus. Donec varius sagittis nunc, sit amet interdum metus sollicitudin sit amet. Vestibulum commodo, leo et dapibus dictum, massa risus vulputate dui, ut dapibus neque arcu ac augue. Pellentesque habitant morbi tristique senectus et netus et.

malesuada fames ac turpis egestas. Fusce tempus pellentesque ipsum, id luctus metus ullamcorper non. Interdum et malesuada fames ac ante ipsum primis in faucibus. Vestibulum gravida ipsum pellentesque magna sagittis consequat. Maecenas vel tristique augue, in dictum tellus. In ac tincidunt lorem, ac pretium quam. Etiam vel mollis metus. Nullam at odio ex. Integer aliquam facilisis dui, in condimentum neque fringilla non. Quisque mauris arcu, porttitor ut tempus at, hendrerit id lectus.

Suspendisse tempus eget sapien et consequat. Donec porta sapien at mi feugiat, vitae aliquam mauris tincidunt. Phasellus venenatis nibh id justo accumsan, eget condimentum massa sodales. Sed rhoncus faucibus nibh, vitae efficitur mi. Curabitur nunc elit, varius non dui in, dictum fringilla ante. Quisque fringilla lectus vel.

tellus bibendum, at aliquam metus pretium. Praesent ligula velit, euismod ac enim a, ultrices euismod dolor. Phasellus aliquam purus vitae varius ullamcorper. Sed vehicula quam nec lobortis ornare. Morbi a dictum felis. Nulla elementum dictum libero, ut venenatis diam. Curabitur lobortis pellentesque dapibus.

Property backed and good credit rating.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed eget augue efficitur elit tristique luctus. In sollicitudin tortor ac purus aliquet, sit amet pretium est luctus. Donec varius sagittis nunc, sit amet interdum metus sollicitudin sit amet. Vestibulum commodo, leo et dapibus dictum, massa risus vulputate dui, ut dapibus neque arcu ac augue. Pellentesque habitant morbi tristique senectus et netus et.

malesuada fames ac turpis egestas. Fusce tempus pellentesque ipsum, id luctus metus ullamcorper non. Interdum et malesuada fames ac ante ipsum primis in faucibus. Vestibulum gravida ipsum pellentesque magna sagittis consequat. Maecenas vel tristique augue, in dictum tellus. In ac tincidunt lorem, ac pretium quam. Etiam vel mollis metus. Nullam at odio ex. Integer aliquam facilisis dui, in condimentum neque fringilla non. Quisque mauris arcu, porttitor ut tempus at, hendrerit id lectus.

Suspendisse tempus eget sapien et consequat. Donec porta sapien at mi feugiat, vitae aliquam mauris tincidunt. Phasellus venenatis nibh id justo accumsan, eget condimentum massa sodales. Sed rhoncus faucibus nibh, vitae efficitur mi. Curabitur nunc elit, varius non dui in, dictum fringilla ante. Quisque fringilla lectus vel.

tellus bibendum, at aliquam metus pretium. Praesent ligula velit, euismod ac enim a, ultrices euismod dolor. Phasellus aliquam purus vitae varius ullamcorper. Sed vehicula quam nec lobortis ornare. Morbi a dictum felis. Nulla elementum dictum libero, ut venenatis diam. Curabitur lobortis pellentesque dapibus.

Our Lenders

We’ve built strong partnerships with trusted lenders to help you access competitive rates.

Get a Quote

Frequently Asked Questions

Have a specific question?

Can I finance a used vehicle?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

What’s a Balloon Payment?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

Who owns the vehicle during the loan?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

Can I claim GST on the vehicle purchase?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

What happens if I want to sell the vehicle early?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

Is insurance required?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

How much deposit do I need?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

Can I finance multiple vehicles at once?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

What's the difference between fixed and variable rates?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

What is the PPSR registration?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

Novated Lease vs Outright Purchase

Based on $120k Salary and 60 Month Lease and Tesla Model Y RWD (Market Cost: $68,068.00)

Financial & Strategic Upside

Benefits for Defence

  • Increase Property Value

    Future-ready infrastructure attracts premium buyers and tenants

  • Reduce Infrastructure Cost

    Shared vehicles reduce parking infrastructure requirements

  • Align with ESG Goals

    Meet sustainability mandates and certification requirements

  • Boost Occupancy & Retention

    Modern amenities increase resident satisfaction and retention

 

Estimate your ROI

Coverage Type

Cash Purchase

WhipSmart Novated Lease

Upfront Cost

$68,068

  • $0.00

Running Costs

$3,876

Included

Annual Tax Paid

$29,188

$24,058

Interest on Savings*

Based on 6% Interest in Offset/Interest Account

$0.00

Residual

Option to own payment

$0.00

$18,634

Net AssetsAfter 5 Years

$18,634

$27,124

↑ $8,490 more than cash

*Based on $69,068 (Amount Not Spent on Vehicle Price)

Novated Lease vs Outright Purchase

Based on $120k Salary and 60 Month Lease and Tesla Model Y RWD (Market Cost: $68,068.00)

Upfront Cost

Cash Purchase

$68,068

Novated Lease

  • $0.00

Running Costs

Cash Purchase

$3,876

Novated Lease

Included

Running Costs

Upfront Cost

$68,068

  • $0.00

Running Costs

$3,876

Included

Annual Tax Paid

$29,188

$24,058

Interest on Savings*

Based on 6% Interest in Offset/Interest Account

$0.00

Residual

Option to own payment

$0.00

$18,634

Net AssetsAfter 5 Years

$18,634

$27,124

↑ $8,490 more than cash

*Based on $69,068 (Amount Not Spent on Vehicle Price)

Eligibility & Practical Considerations

For Employers For Employees third option with a really long title
Employer Requirements
  • Enable salary-packaging capability
  • Define vehicle eligibility and policy
  • Understand FBT treatment
  • Automate lease payments via payroll
  • Use approved lease providers
  • Set clear policies for employees
  • HR & payroll lease training
  • Review insurance requirements
  • Manage transitions & lease transfers

Policy Documents & Guides

When considering or purchasing novated lease insurance, it’s important you have access to key financial disclosure documents so you can 
make informed decisions.

Contact Us

Financial Services Guide (FSG)

Financial Services Guide – WhipSmart.pdf

Factsheet

Whipsmart Factsheet January 2026.pdf

Fleet Group Policy

Vero Motor Fleet Group Policy.pdf

Brochure

Brochure

Our Offering

Electricity

Included in your novated lease is a budget for all charging requirements. Whether using pubic stations or home power, your EV lease covers these costs pre-tax. Reimbursements are made based on your odometer and paid back at 4.2c/km

Insurance

Included in your novated lease is a budget for all charging requirements. Whether using pubic stations or home power, your EV lease covers these costs pre-tax. Reimbursements are made based on your odometer and paid back at 4.2c/km

Maintenance

Included in your novated lease is a budget for all charging requirements. Whether using pubic stations or home power, your EV lease covers these costs pre-tax. Reimbursements are made based on your odometer and paid back at 4.2c/km

Registration

Included in your novated lease is a budget for all charging requirements. Whether using pubic stations or home power, your EV lease covers these costs pre-tax. Reimbursements are made based on your odometer and paid back at 4.2c/km

Wallbox Charger
Tyres

What Our Customers Say

"Transitioning our team from company cars to novated leases has been a game-changer. We’ve reduced admin time, improved cash flow, and staff love choosing their own vehicles."

"I had a great experience with WhipSmart Novated Leasing and very happy with the outcome even though I am located in VIC. 
I received a very competitive rate, the novated leasing process was handled smoothly and efficiently."

"We’ve saved thousands in fleet maintenance and FBT since switching to a novated lease model. The process was seamless, and employees appreciate the transparency."

"Transitioning our team from company cars to novated leases has been a game-changer. We’ve reduced admin time, improved cash flow, and staff love choosing their own vehicles."

"I had a great experience with WhipSmart Novated Leasing and very happy with the outcome even though I am located in VIC. 
I received a very competitive rate, the novated leasing process was handled smoothly and efficiently."

"We’ve saved thousands in fleet maintenance and FBT since switching to a novated lease model. The process was seamless, and employees appreciate the transparency."

"Transitioning our team from company cars to novated leases has been a game-changer. We’ve reduced admin time, improved cash flow, and staff love choosing their own vehicles."

"I had a great experience with WhipSmart Novated Leasing and very happy with the outcome even though I am located in VIC. 
I received a very competitive rate, the novated leasing process was handled smoothly and efficiently."

"We’ve saved thousands in fleet maintenance and FBT since switching to a novated lease model. The process was seamless, and employees appreciate the transparency."

Defence Industry Discounts

Exclusive offers negotiated specifically for Defence personnel through fleet purchasing power

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Up to $ 0

Fleet discount on popular models

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0.0 % OFF

Additional rate reduction for Defence

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First Year

Insurance premium discount included

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Tax Savings

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Flexible Vehicle Choice

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Convenience

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Potential Savings

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FBT Exemption

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All Running Costs