A finance product where the vehicle is owned by the borrower and is taken as security for the loan by the finance provider. The borrower, as the owner, is fully responsible for registration, insurance, maintenance, and running costs of the vehicle. The financial interest of the finance provider in the vehicle is registered on the Federal Government Personal Property Securities Register (PPRS) until the loan has been repaid in full. A chattel mortgage is available where the use of the vehicle is wholly or predominantly for business use.