Why Finance Your Horse Float With Us?

  • Lower rates for horse float buyers

    Save money with finance options designed to keep repayments affordable on your float.

  • Fast-track approvals with 60+ lenders

    Get matched with lenders who understand horse floats, so you can tow sooner.

  • Flexible finance for every rider

    Whether you're a hobby rider, breeder, or competitor - we tailor loans to suit your needs.

Can You Get Horse Float Finance If You’re Buying for Personal Use? 🏡🐴

🚛 Can You Get Horse Float Finance for Personal Use?

Yes! If you’re buying a horse float for personal use, you can apply for a personal loan or a secured loan. Unlike business finance, personal-use loans do not require an ABN or business financials, making them easier to apply for.

To improve approval chances, lenders may require:

✔️ Proof of stable income and employment
✔️ A good credit score for better loan terms
✔️ A secured loan using the float as collateral
✔️ A deposit to lower borrowing risk

🏦 How Lenders Assess Personal Horse Float Finance Applications

Lenders focus on your personal financial situation rather than business earnings.

🔑 Factor Why It Matters How It Affects Approval
📑 Credit Score Reflects your ability to repay debt Higher scores lead to better loan terms
💰 Income & Employment Shows your financial stability Full-time work improves approval odds
🚛 Loan Security Using the float as collateral reduces lender risk Secured loans offer lower interest rates
📆 Deposit Amount A deposit reduces loan size and risk A 10-20% deposit improves approval chances
📉 Debt-to-Income Ratio Lenders check if you can afford another loan Lower debt improves eligibility

💡 Tip: If you have existing personal loans, reducing debt before applying can increase your borrowing power.

📋 Best Finance Options for Personal Use Horse Floats

If you’re financing a horse float for private use, these loan options may be best:

🔑 Loan Type How It Works Best For
🚛 Secured Horse Float Loan Uses the float as collateral for lower rates Borrowers with stable income & good credit
💰 Unsecured Personal Loan No collateral required but higher interest rates Buyers wanting fast approval
📆 Guarantor Loan A family member co-signs to improve approval odds Applicants with low credit or low income
📉 Low-Deposit Loan Allows financing with a small deposit Buyers with limited savings

💡 Tip: A secured loan offers better rates than an unsecured personal loan, making it a cheaper financing option.

🏆 Pros & Cons of Personal Horse Float Finance

✅ Pros:
✔️ Easier to apply for than business finance
✔️ Secured loans offer lower repayments and better approval chances
✔️ A finance broker can match you with flexible lenders

⚠️ Cons:
❌ Higher interest rates for unsecured personal loans
❌ Some lenders require a deposit or guarantor
❌ May have stricter income verification for large loan amounts

💳 Why a Finance Broker Can Help with Personal Horse Float Loans

A finance broker can:

✅ Find lenders that offer personal-use horse float finance
✅ Secure a loan with flexible repayment options
✅ Assist in applying with low-doc or secured finance options

🔑 Final Thoughts

If you’re buying a horse float for personal use, you can qualify for secured or unsecured finance, depending on your financial situation. A secured loan offers better rates, while an unsecured personal loan provides flexibility. A finance broker can help you compare options and find the best deal.

🚀 Buying a horse float for personal use? Get expert advice 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.

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All Your Questions Answered

What is a car loan and how does it work?

A car loan is a finance product where a lender provides funds for you to purchase a vehicle, which you repay over time with interest.

What’s the difference between secured and unsecured car loans?

Secured loans use the car as collateral, often leading to lower interest rates. Unsecured loans don’t, but usually have higher rates.

What loan terms are available for car finance?

Most car loans offer terms from 3 to 7 years. Find out what term suits you best.

How is interest calculated on a car loan?

Interest is based on the loan amount, term, and rate. Fixed-rate loans have predictable repayments, while variable rates can change.

Can I get a car loan for a private sale?

Yes, many lenders accept private sellers. You’ll need to provide extra documents.

Do government employees get lower interest rates on car loans?

Yes — many lenders offer better rates due to your stable income. Explore finance options for government employees.

Can I apply for a car loan while on probation?

Yes. Many workers are approved during probation.

What credit score do I need as a government employee?

A score of 650+ is ideal, but lower scores may still be considered.

Are corporate professionals eligible for low-rate finance?

Yes, especially if you're full-time with strong income.

Can I get car finance with a novated lease?

Yes, many government departments support novated leasing.

Can I get a car loan with no credit history?

Yes, it's still possible to get a car loan with no credit history.

What if I’ve been declined elsewhere?

A broker can help restructure your application for better results.

How do I check my credit score?

Use Equifax, Experian, or Illion for a free check.

Can I get finance if I have a current personal loan?

Yes, if your income supports both loans. A broker will assess your capacity.

What documents do I need to apply?

Typically: ID, payslips, and bank statements.

Can casual workers get car loans?

Yes, if you’ve worked consistently for 6+ months.

Can I apply if I’m self-employed with an ABN?

Yes. Consider a low-doc loan.

Can Centrelink be used as income?

Yes, when paired with PAYG income.

What’s the minimum income to qualify for car finance?

Most lenders prefer $30,000+ annually, but this varies.

Can I apply on a fixed-term contract?

Yes, especially if it’s government-backed.

Can I finance a used car?

Yes, most lenders allow used cars under 10 years old.

Can I get a loan for an SUV or family car?

Absolutely

Can I finance a caravan or motorbike?

Yes

Can I finance an EV or hybrid car?

Yes. You may even qualify for green car loan discounts.

Can I use my car for both work and personal use?

Yes you can.

What is a balloon payment?

It’s a lump sum due at the end of the loan term.

Can I make extra repayments?

Yes, many lenders allow this without penalty.

Can I pay off the loan early?

Yes — ask if there’s an early payout fee.

Is there a deposit required?

Not always.

What loan terms are available?

1 to 7 years is standard.

How long does approval take?

24–48 hours in most cases

Can I apply online?

Yes — most lenders and brokers accept online applications.

Is a broker better than going direct?

Often, yes. They can compare lenders for you.

Can I get pre-approved?

Yes — and it gives you better negotiating power at the dealership.

What happens after I apply?

Your documents are reviewed, and if approved, the lender issues funds to the seller.

Can I get a loan with a visa?

Yes, in some cases. see finance for visa holders here.

Do I need a driver’s licence to apply?

Yes, but learners may qualify with a co-applicant.

Can I apply with someone else?

Yes, joint applications are allowed.

Can I refinance my current car loan?

Yes — it can lower your repayments or get you a better rate.

Can I trade in my old car as a deposit?

Yes, many lenders accept trade-ins toward the deposit.

Can nurses get car finance?

Yes — see nurse-specific finance tips.

Can teachers apply while on contract?

Yes. Read how to get approved.

Do defence personnel get special car loan rates?

Yes, in some cases. Your job security is a major advantage.

Can FIFO government workers apply?

Yes — consistency in income matters more than job location.

Can I apply if I’m on maternity leave?

Yes, especially if you’re returning to work. Here’s how.

Can I use car finance to buy interstate?

Yes — just make sure the seller provides all required documents.

Can I finance a car from an auction?

Yes, but only through select lenders. Ask your broker first.

Will applying hurt my credit score?

Only if you apply to multiple lenders directly. Brokers help protect your score.

Can I get a car loan if I’ve been bankrupt before?

Yes — see bad credit car loan options.

What if I want to upgrade my car before the loan ends?

You can sell the car, pay off the loan early, or refinance.