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Caravan Chattel Mortgages
A caravan chattel mortgage is a smart financing option for businesses looking to purchase a caravan, camper, or motorhome without tying up capital.
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What is a Caravan Chattel Mortgage?
What is a Caravan Chattel Mortgage?
A chattel mortgage is a business finance solution that allows you to purchase a caravan while using it as security for the loan. Unlike standard loans, a chattel mortgage gives your business full ownership of the caravan from day one while you repay the lender over a set term.
With loan terms ranging from 1 to 7 years, you can choose to finance the full purchase price or make a deposit to reduce repayments. You may also have the option of a balloon payment, which lowers monthly instalments by setting aside a lump sum due at the end of the loan term.
Many businesses choose a chattel mortgage for its tax benefits. Your accountant can advise whether your business can claim GST, interest, or depreciation deductions.
Chattel Mortgage Finance That Works for Your Business
At Credit One, we help businesses secure financing that suits their needs, whether it’s for a mobile office, rental fleet, or on-site accommodation. A caravan chattel mortgage is a flexible way to manage cash flow while securing the right asset for your business. Our team specialises in tailoring loan structures to fit different financial situations, ensuring you get competitive rates and manageable repayments.
Getting a Caravan Chattel Mortgage Step By Step
01
You’ve Found Your Dream Caravan
02
One minute
We’ll recommend a loan based on your finances and the caravan you want.
03
5 minutes
We’ll submit your application and negotiate all the terms for you.
04
1-2 hours
Once the loan is approved, all you have to do is sign and begin making your payments.
Your adventures begin!
Once the lender has paid the seller, you’ll drive away in your caravan.
Own Your Caravan, Protect Your Cash Flow
Own Your Caravan, Protect Your Cash Flow
Owning a caravan through a chattel mortgage means your business has full access to the vehicle from day one, whether you’re running a rental service, accommodating workers, or adding a mobile unit to your operations.
With flexible repayment terms and the option to set a final balloon payment, you can structure the caravan loan to match your business’s financial cycles. This means you stay in control of your finances while using your caravan to generate revenue.
Why Choose Credit One for Caravan Chattel Mortgages
Easy Applications with Fast Approvals
Credit One offers 60-second finance quotes as well as same-day approvals for a caravan loan using our simple, obligation-free online finance applications.
Affordable Caravan Financing
Looking for a caravan loan? Our finance specialists compare your financial needs with all of the lenders on our extensive panel to find the best option for you and your individual circumstances.
Premium Solutions with Low Fees
Our premium finance solutions incorporate low upfront establishment fees, no ongoing fees, bank-beating interest rates. We can tailor a finance package and the loan term to suit your needs
Award-Winning Services
We provide independent and unbiased service to find the best finance service to find the best finance solution for you. That's why Credit One has been named 'Broker of the Year' three years in a row.
Caravan Finance Specialists
Our expert caravan finance consultants are available seven days a week for your convenience. Call us today on 1300 273 348 or request a callback to learn more about a caravan loan.
Extensive Lender Network
We have established relationships with over 40 of Australia's most trusted lenders, including major banks and lenders not available directly to the general public.
FAQs on Caravan Chattel Mortgages
Do I own the vehicle outright with a chattel mortgage?
Yes, with a caravan chattel mortgage, your business takes full ownership of the caravan from the moment the loan is settled. However, the lender holds a mortgage over it until the loan is fully repaid. Once the final payment (including any balloon payment) is made, the mortgage is lifted, and you have clear ownership.
What are the tax benefits of a chattel mortgage for my business?
A chattel mortgage can offer several tax advantages for businesses. The interest paid on the loan and depreciation of the caravan may be tax-deductible. Additionally, if your business is GST-registered, you may be able to claim the GST on the purchase price upfront in your next BAS statement, rather than over the life of the loan. Consult your accountant to confirm your specific tax benefits.
How does GST work with a chattel mortgage, and when can my business claim it?
With a chattel mortgage, the full GST amount on the caravan’s purchase price is typically claimable upfront in your next Business Activity Statement (BAS). This can help free up cash flow by reducing your GST liability for that period. Since the loan repayments themselves are GST-free, you won’t need to account for GST on each instalment. Speak with your accountant for personalised advice.
Is a deposit required, or can I finance the full cost of the caravan?
A deposit is not always required. You can finance 100% of the purchase price if needed, depending on your business’s financial position and lender approval. Alternatively, making a deposit can help reduce your monthly payments or shorten the loan term.
Can I use the caravan personally while it's financed under a chattel mortgage?
A caravan purchased through a chattel mortgage must be primarily used for business purposes to qualify for the associated tax benefits. Occasional personal use may be allowed, but the extent of business use will impact eligibility for tax deductions and GST claims. Check with your accountant for guidance on balancing business and personal use.
Are there balloon payment options, and how do they impact my repayments?
Yes, many chattel mortgage agreements offer a balloon payment option. This allows you to defer a portion of the loan amount until the end of the term, reducing your monthly repayments. At the end of the loan, you can either pay the balloon amount in full, refinance it, or sell the caravan to cover the balance.
What are my options if I want to pay off the loan early?
If you choose to pay off your chattel mortgage early, you may be able to do so without penalties, depending on the lender’s terms. Some lenders may charge an early exit fee, while others allow early repayments to reduce interest costs. It’s best to discuss this with your finance consultant before committing to a loan.
Can I finance a specialised or custom-built caravan with a chattel mortgage?
Yes! A chattel mortgage can be used to finance specialised or custom-built caravans, including those modified for business use, mobile offices, or accommodation. Whether buying from a dealer, private seller, or manufacturer, we can help tailor a finance solution that fits your business needs.
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