🚛 Can You Get Horse Float Finance for an Auction Purchase?
Yes! If you’re buying a horse float at an auction, you can still secure finance, but the process is slightly different from dealer or private sales. Lenders often require pre-approval since auction purchases need immediate payment.
To increase approval chances, consider:
✔️ Getting pre-approved before the auction
✔️ Applying for a secured loan (using the float as collateral)
✔️ Checking the auction’s payment terms and deadlines
✔️ Ensuring the float has no outstanding finance or damage
🏦 How Auction Horse Float Finance Works
Because auction purchases are legally binding, lenders want to ensure you have funds available before bidding.
| 🔑 Factor | Why It Matters | How It Affects Approval |
|---|---|---|
| 📑 Pre-Approval | Confirms how much you can borrow before bidding | Many auction houses require proof of funds |
| 💰 Loan Security | The float is used as collateral for lower rates | Secured loans have better interest rates |
| 🚛 Payment Deadline | Auctions require fast payment | Some lenders offer same-day settlement |
| 📆 Condition & History | Ensures the float has no hidden issues | PPSR check required for used floats |
| 📉 Deposit Amount | Auctions may require a deposit upfront | A 10-20% deposit improves loan approval chances |
💡 Tip: Some auction houses only accept cash or bank transfers, so check if the lender can release funds quickly.
📋 Best Finance Options for Buying a Horse Float at Auction
If you’re purchasing through an auction, these finance options may work best:
| 🔑 Loan Type | How It Works | Best For |
|---|---|---|
| 🚛 Pre-Approved Horse Float Loan | Confirms loan amount before bidding | Buyers needing fast auction payment |
| 💰 Secured Loan | Uses the float as collateral for better rates | Buyers wanting lower repayments |
| 📆 Personal Loan | Unsecured loan with flexible terms | Buyers needing quick settlement |
| 📉 Dealer Finance (for Auction Houses) | Some auction houses offer in-house finance | Buyers purchasing from licensed auction dealers |
💡 Tip: If you’re buying second-hand, check if the float has outstanding finance or registration issues before bidding.
🏆 Pros & Cons of Auction Horse Float Finance
✅ Pros:
✔️ Auctions often have cheaper prices than dealerships
✔️ Pre-approved finance ensures you know your budget before bidding
✔️ Secured loans offer lower interest rates
⚠️ Cons:
❌ Requires fast payment after winning a bid
❌ Some lenders won’t finance auction purchases without pre-approval
❌ Auctions are final sales—no refunds if issues arise
💳 Why a Finance Broker Can Help with Auction Horse Float Finance
A finance broker can:
✅ Help with pre-approval so you can bid with confidence
✅ Find lenders that offer same-day settlement for auction purchases
✅ Ensure the loan structure fits the auction’s payment requirements
🔑 Final Thoughts
If you’re buying a horse float at auction, securing pre-approved finance is crucial since auctions require fast, full payment. Whether you need a secured loan, personal loan, or dealer finance, a finance broker can help you navigate the process and secure the best deal.
🚀 Planning to buy a horse float at auction? 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.
