🚛 Can Competitive Riders Get Horse Float Finance?
For equestrians and competitive riders, a horse float is an essential investment for transporting horses to competitions, training events, and clinics. Since competitive riding often involves long-distance travel and high-value horses, many riders opt for larger, custom-built horse floats—which can be costly.
Financing can help spread the cost and make high-quality horse transport more affordable. If you compete regularly, you may also be eligible for business finance options that offer tax benefits.
🏦 Best Horse Float Loan Options for Equestrians
There are several finance options available for competitive riders and equestrians:
| 🔑 Loan Type | How It Works | Best For |
|---|---|---|
| 💰 Secured Horse Float Loan | The float is used as collateral, reducing interest rates | Riders needing a larger loan with lower repayments |
| 📉 Unsecured Personal Loan | No collateral required but higher interest rates | Those buying a second-hand or lower-cost float |
| 🏢 Chattel Mortgage (Business Loan) | Loan for business use with potential tax benefits | Professional riders or equestrian businesses |
| 📆 Lease or Rent-to-Own | Use the float while making payments over time | Riders who want flexibility or a future trade-in option |
💡 Tip: If your horse float is used for competitions, lessons, or business purposes, a chattel mortgage may offer tax advantages for ABN holders.
📋 What Do Lenders Look for in a Loan Application?
Competitive riders may qualify for better finance options if they meet lender requirements such as:
✅ Good credit score – Higher scores improve approval odds and reduce interest rates
✅ Stable income – Proof of earnings from competitions, training, or other sources
✅ Loan security – Secured loans (using the horse float as collateral) increase approval chances
✅ Float type & value – Custom-built and high-end models may require specialized lenders
💡 Tip: If you have sponsorship income or business earnings from training and events, you may qualify for business finance instead of a personal loan.
🏆 Pros & Cons of Financing a Horse Float as a Competitive Rider
✅ Pros:
✔️ Spread the cost over time instead of paying upfront
✔️ Lower interest rates with secured finance
✔️ Access to high-end and custom-built horse floats
✔️ Potential tax benefits if the float is used for business
⚠️ Cons:
❌ Higher loan amounts may require strong financial approval
❌ Some lenders may have special conditions for high-value floats
❌ You may need proof of business use for tax benefits
💳 Why a Finance Broker Can Help Competitive Riders Get Better Loan Terms
A finance broker can:
✅ Find lenders who specialize in horse float finance for competitive riders
✅ Secure better interest rates and longer loan terms
✅ Help you access business finance options if you qualify
🔑 Final Thoughts
For equestrians and competitive riders, financing a high-quality horse float can make transportation more affordable and convenient. If you compete regularly, exploring business finance options could offer additional tax benefits. A finance broker can help you compare lenders and secure a loan that fits your needs.
🚀 Need finance for a competition-ready horse float? 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.
