🚛 Can You Finance a Horse Float and Tow Vehicle in One Loan?
If you’re buying a horse float, you might also need a tow vehicle strong enough to transport it safely. Instead of taking out two separate loans, some lenders allow bundled finance, which combines both purchases into one loan with a single repayment plan.
This can be a cost-effective and convenient way to secure both your horse float and the right vehicle to tow it.
🏦 How Bundled Horse Float and Tow Vehicle Finance Works
When financing both a horse float and a tow vehicle, you can choose between:
| 🔑 Finance Option | How It Works | Pros | Cons |
|---|---|---|---|
| 💰 Single Loan for Both | One loan covers both the float and tow vehicle | One repayment, easier to manage, lower interest on secured loans | Requires good credit to qualify for a larger loan |
| 🚗 Separate Loans | One loan for the float, another for the tow vehicle | Can choose different loan terms for each | Two separate repayments, may increase total interest paid |
| 🏢 Business Finance (Chattel Mortgage or Commercial Loan) | Ideal for business or farm use | Tax benefits for ABN holders | Vehicle and float must be for business purposes |
💡 Benefits of Bundling Horse Float and Tow Vehicle Finance
✅ One monthly repayment – Easier to manage than separate loans
✅ Potentially lower interest rates – Secured loans often come with better rates
✅ Flexible loan terms – You can choose a repayment plan that suits your budget
✅ Less paperwork – One loan application instead of two
💡 Tip: If your tow vehicle is second-hand or from a private seller, it may require a different type of loan, so check with a finance broker.
💳 Why a Finance Broker Can Help with Bundled Loans
A finance broker can:
✅ Compare multiple lenders to find the best rates
✅ Help structure affordable repayments for both assets
✅ Secure loans for new and used horse floats and vehicles
✅ Assist with business finance options if you need a tax-deductible loan
🔑 Final Thoughts
If you need both a horse float and a tow vehicle, financing them together can be a smart and convenient option. A finance broker can help you find the right loan structure, ensuring affordable repayments and competitive interest rates.
🚀 Looking for horse float and tow vehicle finance? 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.
