With a chattel mortgage, your business owns the asset from day one and can claim the full GST upfront. With hire purchase, the finance company owns the asset during the term and title transfers to you on final payment — GST is spread across repayments. The right choice depends on your GST registration, accounting method, and tax position. Paddy strongly recommends confirming the right structure with your accountant before deciding. Read the full comparison: Chattel Mortgage vs Hire Purchase.