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 Savings? 💰🐴

🚛 Can You Get Horse Float Finance with No Savings?

Yes! Even if you don’t have savings for a deposit, some lenders offer no-deposit horse float finance. However, no-deposit loans often come with stricter approval requirements and may have higher interest rates.

To increase your approval chances, lenders may require:

✔️ A strong credit score
✔️ Stable income to prove repayment ability
✔️ A secured loan (using the horse float as collateral)
✔️ A guarantor to co-sign the loan

🏦 How No-Savings Horse Float Loans Work

With no-deposit finance, you borrow 100% of the horse float’s value, which can lead to higher monthly repayments.

🔑 Factor Loan with Deposit No-Deposit Loan
💰 Upfront Cost 10-30% deposit required $0 upfront
📉 Loan Amount Lower due to deposit contribution Borrowing full cost of the float
📆 Interest Rate Lower, since lender risk is reduced Higher, to offset lender risk
🚛 Loan Security May still be required More likely to need a secured loan
📑 Approval Process Easier with a deposit Stricter requirements for income & credit

💡 Tip: If you qualify for no-deposit finance, choosing a longer loan term can help keep monthly repayments more affordable.

📋 Best No-Savings Finance Options for Horse Floats

If you don’t have savings, these loan options may work best:

🔑 Loan Type How It Works Best For
🚛 Secured Horse Float Loan Uses the float as collateral to lower interest rates Borrowers with good credit but no savings
💰 Guarantor Loan A family member co-signs the loan to improve approval odds Applicants with low savings but strong financial backing
📆 Low-Doc Loan Requires minimal financial documents Self-employed or casual workers without savings
📉 Personal Loan Unsecured loan with no deposit required Borrowers with strong income & credit history

💡 Tip: If your credit score is low, applying with a guarantor or secured loan can increase approval chances.

🏆 Pros & Cons of No-Deposit Horse Float Finance

✅ Pros:
✔️ Allows you to buy a horse float without waiting to save a deposit
✔️ Keeps cash available for other expenses (e.g., insurance, registration)
✔️ May be ideal for first-time buyers or those needing a float quickly

⚠️ Cons:
❌ Higher interest rates than loans with a deposit
❌ Higher loan repayments due to borrowing the full amount
❌ Stricter lender approval criteria for no-savings applicants

💳 Why a Finance Broker Can Help with No-Savings 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

Even if you don’t have savings, you may still qualify for horse float finance with a secured loan, guarantor, or low-doc finance option. However, higher interest rates and stricter approval criteria may apply. A finance broker can help you compare lenders and secure the best possible loan terms.

🚀 Need a horse float loan with no savings? 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.

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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.