Finance the Ride / Horse float finance
How This Buyer Upgraded Their Horse Float With a Trade-In Finance Deal 🏇💰
🚛 Can You Trade In a Horse Float to Reduce Finance Costs? Yes! Many lenders and dealerships accept trade-ins, allowing you to: ✅ Reduce the loan amount by using your old horse float as a deposit✅ Lower your monthly repayments✅...
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🚛 Can You Trade In a Horse Float to Reduce Finance Costs?
Yes! Many lenders and dealerships accept trade-ins, allowing you to:
✅ Reduce the loan amount by using your old horse float as a deposit
✅ Lower your monthly repayments
✅ Upgrade to a newer or larger model without paying the full price upfront
✅ Speed up approval by financing only the balance after the trade-in
💡 Tip: Some lenders allow private sale trade-ins, but dealerships often provide a smoother process.
🏦 How This Buyer Used a Trade-In to Finance a Better Horse Float
A 39-year-old equestrian wanted to upgrade to a newer horse float but didn’t have a large deposit. They successfully traded in their old float and financed the remaining balance by:
| 🔑 Strategy | ✅ How It Helped |
|---|---|
| 📑 Trading in their existing horse float | Used it as a deposit, reducing the new loan amount |
| 🚛 Financing only the balance | Lower loan = lower monthly repayments |
| 💰 Comparing dealership vs private sale trade-ins | Got a higher valuation from a private buyer |
| 📆 Choosing a secured loan | Lowered interest rates and improved approval chances |
💡 Tip: Private buyers often pay more than dealerships for trade-ins—but selling privately requires more effort.
📋 How to Upgrade Your Horse Float with a Trade-In
Follow these steps to maximize the value of your trade-in and secure a better finance deal:
| 🔑 Step | ✅ What to Do |
|---|---|
| 📑 Get Your Float Valued | Compare dealership trade-in offers vs private sale value |
| 🚛 Decide Between Trade-In or Private Sale | A dealership is easier, but a private sale may get more money |
| 💰 Use the Trade-In as a Deposit | This reduces the amount you need to finance |
| 📆 Choose a Loan with Low Interest | Secured loans typically offer lower rates |
| 📉 Compare Lenders | Some lenders offer better deals for trade-in financing |
💡 Tip: If trading in at a dealership, negotiate both the trade-in value and the price of the new float separately to get the best deal.
🏆 Best Loan Options for Horse Float Trade-In Finance
The best loan depends on your credit score, trade-in value, and remaining balance.
| 🔑 Loan Type | ✅ Best For | 📉 Interest Rate (Typical) |
|---|---|---|
| 🚛 Secured Loan | Buyers using a trade-in to reduce loan costs | 5–12% p.a.* |
| 💰 Guarantor Loan | Buyers with low credit but a strong co-signer | 6–12% p.a.* |
| 📆 Low-Doc Loan | Self-employed buyers needing flexible approval | 7–15% p.a.* |
| 📉 Business Equipment Loan | Businesses upgrading multiple horse floats | 6–14% p.a.* |
💡 Tip: If your trade-in covers at least 20% of the new float’s cost, lenders may offer lower interest rates.
(*Rates vary based on lender and credit profile.)
💳 Why a Finance Broker Can Help with a Trade-In Loan
A finance broker can:
✅ Find lenders who accept trade-ins as deposits
✅ Compare loans to ensure you finance the lowest possible amount
✅ Help structure repayments for lower monthly costs
🔑 Final Thoughts
Trading in your old horse float is a smart way to lower your loan amount and reduce repayments. Comparing dealership vs private sale trade-in values, securing a low-interest loan, and negotiating your deal carefully can help you get the best upgrade.
🚀 Looking to trade in and upgrade your horse float? Get expert finance 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.
About this guide. Written by the Finance the Ride team and last updated . It's general information for Australian borrowers, not financial advice, and doesn't take your circumstances into account. Finance the Ride is a referral service: we don't lend money or hold an Australian Credit Licence. About us