🚛 Can You Get Horse Float Finance for a Private Sale?
Yes! You can get horse float finance even if you’re buying from a private seller instead of a dealership. However, lenders often have stricter requirements for private sales to ensure the float is legitimate and in good condition.
If you’re financing a privately sold horse float, lenders may require:
✔️ A vehicle inspection report to verify its condition
✔️ Proof of sale agreement from the seller
✔️ A secured loan using the float as collateral
✔️ A deposit to reduce risk
🏦 How Private Sale Horse Float Finance Works
Because private sales don’t include dealer guarantees, lenders take extra steps to verify the float’s value and ownership before approving finance.
| 🔑 Factor | Why It Matters | How It Affects Approval |
|---|---|---|
| 📑 Ownership Verification | Ensures the seller is the legal owner | May require a PPSR check to confirm no outstanding finance |
| 💰 Float Condition | Verifies the float is roadworthy and insurable | Inspection report may be needed |
| 🚛 Loan Security | The float is used as collateral | Secured loans offer better interest rates |
| 📆 Proof of Sale | Confirms the agreed price with the seller | Required before loan settlement |
| 📉 Deposit Amount | Reduces the total loan amount | A 10-20% deposit improves approval chances |
💡 Tip: If the horse float has existing finance on it, ensure the seller pays it off before you finalize the purchase.
📋 Best Finance Options for Private Sale Horse Floats
If you’re buying privately, these finance options may work best:
| 🔑 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 quick finance 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.
