what is bmw chattel mortgage
Essentially a chattel mortgage is a finance loan. Your lender holds a mortgage over your financed asset for the duration of the contract. Meanwhile your business instantly enjoys low loan interest rates and a host of other benefits.When considering a chattel mortgage be sure to keep the following points front of mind:oint 1 â Knowledge is power. Get fully informed about what a chattel mortgage is and how it works. This way you can make a truly informed decision about whether this finance tool is right for your goals and circumstances. Chattel mortgages are a popular small business tool for essential asset acquisition.