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 Refinance a Horse Float Loan? 🔄🐴

🚛 What is Horse Float Loan Refinancing?

Refinancing a horse float loan means replacing your current loan with a new one, usually to get:

✔️ Lower interest rates
✔️ Reduced monthly repayments
✔️ A longer or shorter loan term
✔️ A different loan structure (e.g., adding or removing a balloon payment)

If you’ve been repaying your loan for some time and want to save money or adjust your repayments, refinancing may be a smart option.

🏦 When Should You Consider Refinancing?

Here are some common reasons why refinancing your horse float loan might make sense:

🔑 Reason What It Means How It Benefits You
📉 Lower Interest Rates Available Interest rates have dropped since your original loan Reduces total loan cost and monthly repayments
💳 Improved Credit Score Your credit score has increased since you took out the loan Qualifies you for better loan terms
💰 Struggling with Repayments Your current loan is too expensive Extending the loan term can lower monthly repayments
📆 Want to Pay Off Loan Faster You can afford higher repayments A shorter loan term reduces total interest paid
🔄 Change in Financial Situation Income has increased or decreased Adjust loan terms to better match your budget

💡 Tip: If you originally got dealer finance with a high-interest rate, refinancing with a specialist lender could help you secure better terms.

📋 How Does the Refinancing Process Work?

If you decide to refinance, here’s what to expect:

✅ Step 1: Check Your Current Loan Terms – Find out your remaining balance, interest rate, and any exit fees.
✅ Step 2: Compare New Loan Offers – Look for lower interest rates, better repayment terms, or reduced fees.
✅ Step 3: Apply for a New Loan – Once approved, your new lender will pay off your existing loan.
✅ Step 4: Start Making New Repayments – Your new loan will have the adjusted interest rate and term.

💡 Tip: Some lenders charge early repayment or refinancing fees, so check your current loan terms before refinancing.

🏆 Pros & Cons of Refinancing a Horse Float Loan

✅ Pros:
✔️ Helps you save money on interest and repayments
✔️ Allows you to adjust the loan term to better suit your finances
✔️ Can improve cash flow by lowering monthly repayments

⚠️ Cons:
❌ May incur refinancing fees or break costs
❌ Extending the loan term could mean paying more interest over time
❌ Requires a credit check and financial reassessment

💳 Why a Finance Broker Can Help with Refinancing

A finance broker can:

✅ Compare multiple lenders to find lower interest rates
✅ Help you understand refinancing costs and whether it’s worth it
✅ Secure more flexible loan terms based on your current financial situation

🔑 Final Thoughts

If you think you’re paying too much on your current horse float loan, refinancing could help lower repayments, secure better rates, or improve loan flexibility. A finance broker can help you assess your options and make sure you’re getting the best possible deal.

🚀 Thinking about refinancing your horse float loan? 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.