🚛 Can You Finance a Horse Float Bought from a Private Seller?
Yes! You don’t have to buy from a dealership to get horse float finance. Many lenders allow financing for private sales, but they often require extra paperwork and verification compared to dealer purchases.
While private sale finance can be a great way to access better deals on second-hand horse floats, the process may take longer due to the additional checks involved.
🏦 How Private Sale Horse Float Finance Works
When buying from a private seller, lenders will want to verify the float’s value and condition before approving the loan.
| 🔑 Factor | Buying from a Dealer | Buying from a Private Seller |
|---|---|---|
| 📑 Purchase Verification | Invoice from the dealer | May require a bill of sale or proof of ownership |
| 🚛 Condition Checks | Comes with warranty | May require an independent inspection |
| 📉 Loan Approval Process | Faster, as dealers are approved vendors | Takes longer due to additional checks |
| 📆 Loan Type Options | Secured or unsecured | Secured preferred for private sales |
| 💰 Risk Level for Lenders | Lower | Higher, due to potential fraud risks |
💡 Tip: If you’re buying a used horse float privately, getting a professional inspection can improve your chances of loan approval.
📋 What Lenders Require for Private Sale Horse Float Finance
Because private sales have a higher risk of fraud or unverified ownership, lenders may require:
✅ Proof of Ownership – A bill of sale or written agreement from the seller
✅ Vehicle Identification Number (VIN) Check – To ensure the float isn’t stolen or under finance
✅ Independent Inspection – A mechanical and structural check may be required
✅ Loan Security – Secured loans are easier to approve for private sales
💡 Tip: If the horse float is already under finance, the seller must pay off their loan before the lender will approve your new finance.
🏆 Pros & Cons of Financing a Horse Float from a Private Seller
✅ Pros:
✔️ Can be cheaper than buying from a dealership
✔️ More negotiation power on price and extras
✔️ Greater selection of second-hand horse floats
⚠️ Cons:
❌ More paperwork and verification required
❌ May need an inspection to satisfy lender conditions
❌ Loan approval may take longer than dealership finance
💳 Why a Finance Broker Can Help with Private Sale Horse Float Loans
A finance broker can:
✅ Find lenders that approve loans for private sales
✅ Help verify the float’s ownership and condition
✅ Speed up the process by handling paperwork and lender requirements
🔑 Final Thoughts
Financing a horse float from a private seller is possible, but it requires extra steps like proof of ownership and inspections. Working with a finance broker can help simplify the process and improve your approval chances.
🚀 Buying a horse float privately? Get expert finance 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.
