🚛 Can You Get Horse Float Finance for a Private Sale?
Yes! Many lenders offer horse float finance for private sales, but the process is slightly different from buying from a dealer. Lenders take extra steps to verify the float’s value, ownership, and condition before approving finance.
To improve approval chances, lenders may require:
✔️ A sale agreement between you and the seller
✔️ A vehicle history check (PPSR) to confirm no outstanding finance
✔️ A secured loan using the float as collateral
✔️ A pre-purchase inspection to verify the float’s condition
🏦 How Private Sale Horse Float Finance Works
Because private sales don’t come with dealer warranties, lenders require extra checks to ensure the float is worth financing.
| 🔑 Factor | Why It Matters | How It Affects Approval |
|---|---|---|
| 📑 Ownership Verification | Ensures the seller legally owns the float | Lenders require a PPSR check |
| 💰 Float Condition | Confirms the float is roadworthy | Some lenders require an inspection report |
| 🚛 Loan Security | The float is used as collateral | Secured loans offer better interest rates |
| 📆 Sale Agreement | Confirms the purchase price | Required before loan settlement |
| 📉 Deposit Amount | Reduces the loan size and lender risk | A 10-20% deposit improves approval chances |
💡 Tip: If the horse float has existing finance, ensure the seller pays it off before the sale is finalized.
📋 Best Finance Options for Private Sale Horse Floats
If you’re financing a horse float from a private seller, consider these loan options:
| 🔑 Loan Type | How It Works | Best For |
|---|---|---|
| 🚛 Secured Horse Float Loan | Uses the float as collateral for lower rates | Buyers needing lower repayments |
| 💰 Low-Doc Loan | Requires minimal paperwork (bank statements, BAS) | Self-employed or casual workers buying privately |
| 📆 Personal Loan | Unsecured loan with flexible terms | Buyers needing fast approval with no float inspection |
| 📉 Guarantor Loan | A family member co-signs to improve approval odds | Buyers with low credit or low income |
💡 Tip: If you’re unsure about the float’s condition, request a pre-purchase inspection before applying for finance.
🏆 Pros & Cons of Private Sale Horse Float Finance
✅ Pros:
✔️ Private sales often have cheaper prices than dealerships
✔️ More flexibility to negotiate directly with the seller
✔️ Secured loans offer lower interest rates for verified private sales
⚠️ Cons:
❌ Lenders may require extra checks on ownership and condition
❌ Some private sales may not qualify for secured loans
❌ Approval can take longer than dealership finance
💳 Why a Finance Broker Can Help with Private Sale Horse Float Loans
A finance broker can:
✅ Find lenders that finance private sale horse floats
✅ Assist with PPSR checks and ownership verification
✅ Secure a loan structure that fits your budget
🔑 Final Thoughts
If you’re buying a horse float privately, you can still get finance, but lenders may require extra documentation like proof of ownership, a sale agreement, and a vehicle inspection. If you need help navigating private sale finance, a finance broker can assist in securing the best deal.
🚀 Buying a horse float privately? 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.
