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 Use a Business Loan to Finance a Horse Float? 🏢🐴

🚛 Can a Business Loan Be Used for Horse Float Finance?

Yes! If you’re using the horse float for business purposes, you may qualify for a business loan or commercial finance option instead of a standard personal loan. This can be beneficial for trainers, riding schools, transport businesses, and competitive equestrians who rely on a horse float for work.

Using a business loan may also offer tax benefits, depending on how the loan is structured.

🏦 Business Finance vs. Personal Horse Float Loans

Here’s how business loans compare to personal horse float finance:

🔑 Factor Business Loan Personal Loan
💰 Loan Purpose Business-related expenses Private use only
📑 Tax Benefits GST claims, interest deductions No tax advantages
📆 Loan Type Chattel mortgage, lease, or business loan Secured or unsecured personal loan
🏦 Approval Criteria ABN, business income, and financials Personal credit score and income
🚛 Repayment Terms More flexible for businesses Fixed personal repayments

💡 Tip: If you’re a sole trader or business owner, a chattel mortgage may allow you to claim GST and depreciation benefits on the float.

📋 Best Business Loan Options for Horse Float Finance

Here are some business finance options available for horse floats:

🔑 Loan Type How It Works Best For
🏢 Chattel Mortgage Business loan where you own the float upfront but use it as security ABN holders looking for tax benefits
📉 Commercial Hire Purchase Pay in installments and own the float at the end of the loan Businesses needing flexible repayments
🚛 Equipment Loan Loan specifically for purchasing work-related assets Trainers, riding schools, and transport businesses
📆 Finance Lease Lender owns the float, and you lease it with the option to buy Businesses that want to avoid ownership responsibility

💡 Tip: A finance lease may be a good option if you plan to upgrade your horse float every few years.

🏆 Pros & Cons of Using a Business Loan for Horse Float Finance

✅ Pros:
✔️ Potential tax benefits (GST claims, interest deductions, depreciation)
✔️ More flexible repayment options than personal loans
✔️ Allows businesses to keep cash flow stable

⚠️ Cons:
❌ Requires an ABN and business financials
❌ May need a larger deposit than personal loans
❌ Tax benefits depend on business use percentage

💳 Why a Finance Broker Can Help with Business Horse Float Loans

A finance broker can:

✅ Find lenders offering business finance options for horse floats
✅ Structure a loan with tax benefits for ABN holders
✅ Compare different loan types (chattel mortgage, lease, hire purchase)

🔑 Final Thoughts

If you’re using your horse float for business purposes, a business loan or chattel mortgage may be a better option than a personal loan, offering tax benefits and flexible terms. A finance broker can help you explore options and secure a loan that aligns with your business needs.

🚀 Need business finance for a horse float? 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.