Car Leasing & Equipment Finance


In need of a new fleet of vehicles or a bunch of plant equipment? At Econ-Finance, we help businesses large and small secure the finance they need to fund their equipment requirements.


We can arrange finance of cars and equipment at 100% of purchase price so you have no capital outlay. We offer both Chattel Mortgage and Commercial Hire Purchase lease options to suit your taxation requirements.


Under a chattel mortgage, the financier advances funds to the customer to purchase the ‘chattel’, i.e. vehicle, and the customer takes ownership of the chattel at the time of purchase. The financier then takes a mortgage over the chattel as security for the loan. Once the contract is completed, the mortgage is removed giving the customer clear title to the asset.


Under a Commercial Hire Purchase (CHP) arrangement the financier agrees to purchase the asset on behalf of the customer and then lease it back to them over a set period of time. The customer has the use of the vehicle for the term of the contract but is not the owner of the vehicle.


At the end of the contract term, when the total price of the vehicle (minus any residual) and the interest charges have been paid in full, the customer takes ownership of the vehicle.


Benefits of Chattel Mortgages and CHP arrangements:

  • Flexible contract terms ranging from 24 to 60 months
  • Residual value (balloon or final installment) may be placed on contract
  • Fixed interest rate and monthly repayments are fixed
  • Costs are known in advance
  • Deposit (either cash or trade-in) may be used
  • A tax deduction is available when the vehicle is used for business purposes




Need a new car for business and have an ABN 2 years, own a property and have a clear credit history ? We have a Bank offering competitive rates and fast approvals with NO Financials required