🚛 Can You Get Finance for a Custom Horse Float?
Yes! If you need a custom-built horse float, financing is available, but the process differs from buying a standard float. Lenders may have stricter requirements, and you may need to provide detailed cost breakdowns before approval.
Since custom floats often cost more than mass-produced models, securing the right loan structure is essential to keeping repayments affordable.
🏦 How Custom Horse Float Finance Works
Because custom-built horse floats involve multiple payments to manufacturers instead of a single purchase price, lenders assess them differently. Here’s how it compares to standard horse float loans:
| 🔑 Factor | Standard Horse Float Finance | Custom Horse Float Finance |
|---|---|---|
| 💰 Loan Amount | Fixed based on retail price | May vary depending on build costs |
| 📆 Loan Terms | 1 – 7 years | 3 – 10 years, depending on loan size |
| 📑 Loan Type | Secured or unsecured | Secured preferred due to higher value |
| 🚛 Lender Requirements | Standard price verification | May require a detailed build contract |
| 🏗 Payment Process | One-time payment to dealer | Staged payments to the manufacturer |
💡 Tip: Some lenders allow progress payments to cover different build stages, ensuring the manufacturer gets paid as work is completed.
📋 What Lenders Look for in Custom Horse Float Finance
Because custom-built horse floats don’t have a standard retail price, lenders may require:
✅ A detailed quote or invoice from the manufacturer
✅ Proof of deposit (if applicable)
✅ Loan security (using the float as collateral)
✅ Credit score & income verification
💡 Tip: If you need special modifications for competitive riding, off-road use, or extra-large floats, you may need a specialty lender.
🏆 Pros & Cons of Financing a Custom-Built Horse Float
✅ Pros:
✔️ Allows you to design a float that suits your exact needs
✔️ Spread the cost over time instead of paying upfront
✔️ Customization may increase the float’s resale value
⚠️ Cons:
❌ May have stricter lending criteria
❌ Can take longer to secure financing due to build verification
❌ Staged payments may require additional loan structuring
💳 Why a Finance Broker Can Help with Custom Horse Float Loans
A finance broker can:
✅ Find lenders that specialize in custom float finance
✅ Secure a structured loan to match staged build payments
✅ Help negotiate better loan terms for high-value floats
🔑 Final Thoughts
Financing a custom-built horse float is possible, but it requires a different approach compared to standard float finance. Since lenders require extra documentation, working with a finance broker can simplify the process and help you secure a loan that fits your budget.
🚀 Need finance for a custom horse float? Get pre-approved today!
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
