An equipment finance option where you own the asset
A Specific Security Agreement (formerly known as Chattel Mortgage) is an equipment financing option that allows businesses to own their equipment upon purchase. BOQ Equipment Finance Limited secures the loan by registering a charge over the goods.
The Specific Security Agreement is similar to a home loan, where the equipment being financed is owned by your business, but is mortgaged to BOQ Equipment Finance Limited by a registrable charge over the equipment.
*Please seek independent taxation advice on whether this is applicable to your situation.