Lendrive Finance offers Chattel Mortgage loans. A Chattel Mortgage is a commercial finance product which is similar to a secured car loan. In short the main difference between the two is what you will use the vehicle for. Unlike a secured car loan, you can only use a chattel Mortgage to purchase a vehicle or asset that you will use primarily for business purposes. It is also worth noting that similar to a secured car loan, the vehicle will be used as security. As a result using a Chattel Mortgage can get you a very competitive interest rate.
We here at Lendrive can help you compare and choose the right finance product. So if you would like to use a Chattel Mortgage for your next vehicle purchase or if you seek more information to make that decision, then reach out to us for a free consultation.