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.

Horse Float Loans for Young Riders: Is It Possible? 🐎💳

🚛 Can Young Riders Get Horse Float Finance?

If you’re a young equestrian or just starting out in horse ownership, you might be wondering if you can finance a horse float. The good news? Young riders can qualify for horse float finance, but approval depends on age, credit history, and financial stability.

Since younger applicants often have limited credit history, lenders may require a guarantor, deposit, or proof of stable income to approve the loan.

🏦 Best Loan Options for Young Riders

Here are the best finance options available for first-time horse float buyers:

🔑 Loan Type How It Works Best For
💳 Unsecured Personal Loan No collateral required but higher interest rates Young riders with steady income and good credit
💰 Secured Horse Float Loan The horse float is used as collateral to reduce interest rates Riders with a deposit or a co-signer
📝 Guarantor Loan A parent or guardian co-signs the loan for better approval odds Applicants with no credit history or low income
📆 Low-Deposit Loan Allows you to finance with little to no upfront payment Young buyers who don’t have savings for a deposit

💡 Tip: If you don’t have a strong credit score, applying for a secured loan or guarantor-backed loan can improve your chances of approval.

📋 What Lenders Look for When Approving Young Riders

Since young applicants typically have less financial history, lenders will assess:

✅ Age & Legal Eligibility – You must be at least 18 years old to apply for finance
✅ Credit Score – A good credit score (650+) helps with approval
✅ Income Stability – Regular employment or income is required to show repayment ability
✅ Loan Security – Using the horse float as collateral or applying with a guarantor can improve approval chances

💡 Tip: If you’re a young business owner or trainer, you may qualify for business finance options, such as a chattel mortgage.

🏆 Pros & Cons of Horse Float Finance for Young Riders

✅ Pros:
✔️ Allows young riders to own a safe and reliable horse float sooner
✔️ Helps build credit history for future finance applications
✔️ A guarantor or secured loan can improve approval odds

⚠️ Cons:
❌ Limited credit history can make approval more difficult
❌ Interest rates may be higher for younger applicants
❌ A guarantor may be required for low-income applicants

💳 Why a Finance Broker Can Help Young Riders Get Approved

A finance broker can:

✅ Find lenders that specialize in loans for younger applicants
✅ Secure lower rates and better repayment terms
✅ Assist with guarantor-backed or low-deposit finance options

🔑 Final Thoughts

Young riders can qualify for horse float finance, but approval may require a stable income, guarantor, or secured loan. A finance broker can help compare lenders and find a loan that fits your budget and needs.

🚀 Looking for horse float finance as a young rider? 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.