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 with No Deposit? 💰🐴

🚛 Is No-Deposit Horse Float Finance Possible?

Yes! Some lenders offer horse float finance with no deposit, meaning you can purchase a float without paying anything upfront. However, no-deposit loans typically have stricter approval requirements, including a higher credit score, stable income, or loan security.

If you don’t have savings for a deposit, a no-deposit loan may be a good option—but it’s important to understand the higher costs and potential risks.

🏦 How No-Deposit Horse Float Loans Work

With a standard loan, lenders prefer that you contribute 5–20% of the purchase price as a deposit. But with a no-deposit loan, you borrow 100% of the horse float’s value, which can lead to higher repayments and interest costs.

🔑 Factor Standard Loan with Deposit No-Deposit Loan
💰 Upfront Cost 5–20% deposit required $0 upfront
📉 Loan Amount Lower loan amount due to deposit Borrowing full cost of the float
📆 Interest Rate Lower due to reduced lender risk Higher to offset lender risk
🏦 Approval Criteria Easier to qualify Stricter requirements (higher credit score & stable income)
🚛 Monthly Repayments Lower due to smaller loan size Higher because of full loan amount

💡 Tip: If you qualify for no-deposit finance, consider choosing a longer loan term to keep monthly repayments manageable.

📋 Who Qualifies for No-Deposit Horse Float Finance?

Since no-deposit loans are riskier for lenders, they typically require:

✅ A good credit score (650+ is recommended)
✅ Stable employment or self-employment income
✅ A secured loan (using the horse float as collateral)
✅ Strong financial history with low existing debts

💡 Tip: If your credit score is below 650, applying with a guarantor or opting for a secured loan can improve your approval chances.

🏆 Pros & Cons of No-Deposit Horse Float Loans

✅ Pros:
✔️ Allows you to buy a horse float without saving for a deposit
✔️ Keeps cash available for other expenses (e.g., registration, insurance)
✔️ May be ideal for self-employed riders or new businesses

⚠️ Cons:
❌ Higher interest rates than loans with deposits
❌ Higher loan repayments due to borrowing the full amount
❌ Stricter lender approval criteria

💳 Why a Finance Broker Can Help with No-Deposit Horse Float Loans

A finance broker can:

✅ Find lenders who offer no-deposit finance
✅ Compare loan options to secure the lowest interest rate
✅ Help structure the loan for affordable repayments

🔑 Final Thoughts

No-deposit horse float finance can be a great option if you don’t have savings for a deposit—but it’s important to compare interest rates, loan terms, and monthly repayments to ensure it fits your budget. A finance broker can help you find a lender that offers affordable no-deposit finance.

🚀 Need a horse float loan with no deposit? Get pre-approved 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.