Business car finance enables companies to purchase or lease vehicles, spreading payments over time to support cash flow and potentially gain tax benefits. Generally, the lender retains ownership until the loan is repaid. With a Chattel Mortgage, however, the business gains immediate ownership, using the vehicle as loan security. The key difference between business car finance and a Chattel Mortgage is that a Chattel Mortgage arrangement places the asset on the company’s balance sheet, allowing possible tax deductions on depreciation and interest, depending on eligibility.