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.

How to Get Horse Float Finance with Bad Credit 🏇💳

🚛 Can You Get Horse Float Finance with Bad Credit?

Yes! Even if you have bad credit, there are lenders who offer horse float finance to applicants with a low credit score or financial history issues. However, you may face:

✔️ Higher interest rates due to increased lender risk
✔️ More loan conditions, such as a higher deposit or shorter loan term
✔️ Limited lender options, as some banks won’t approve bad credit loans
✔️ The need for a guarantor or secured loan to increase approval chances

💡 Tip: If your credit score is below 600, consider a lender that specializes in bad credit loans.

🏦 Best Loan Options for Bad Credit Horse Float Finance

Different lenders offer various loan types for borrowers with poor credit histories. Here’s how they compare:

🔑 Loan Type How It Works Best For Interest Rate (Typical)
🚛 Secured Loan Uses the float as collateral to reduce lender risk Borrowers with very low credit scores 8–20% p.a.*
💰 Guarantor Loan A family member guarantees repayments Borrowers with no or limited credit history 6–15% p.a.*
📆 Low-Doc Loan Requires minimal paperwork (bank statements, BAS) Self-employed & seasonal income earners 7–18% p.a.*
📉 Personal Loan (Unsecured) No collateral required but higher interest rates Borrowers with moderate credit issues 12–25% p.a.*

💡 Tip: A secured loan is usually the best option for bad credit borrowers since it offers lower interest rates than an unsecured loan.

(*Rates vary based on credit score and lender.)

📋 How to Improve Your Chances of Getting Approved for Horse Float Finance

If you have bad credit, here are ways to increase your approval chances:

🔑 Strategy How It Helps
📑 Apply for a Secured Loan Lenders prefer secured loans because they lower risk
🚛 Save for a Higher Deposit A 10-30% deposit shows lenders you’re financially responsible
💰 Choose a Guarantor Loan A guarantor can increase approval odds and lower interest rates
📉 Check & Improve Your Credit Score Pay off old debts and dispute incorrect listings on your credit file
📆 Use a Finance Broker A broker can connect you with bad credit-friendly lenders

💡 Tip: If you have multiple debts, consider consolidating them before applying for horse float finance to improve your approval odds.

🏆 Pros & Cons of Horse Float Finance with Bad Credit

✅ Pros:
✔️ Still possible to get approved for a loan
✔️ Secured loans can lower interest rates
✔️ Can help rebuild your credit if managed responsibly

⚠️ Cons:
❌ Higher interest rates than standard loans
❌ Some lenders require larger deposits or guarantors
❌ Fewer lender options than good credit borrowers

💳 Why a Finance Broker Can Help You Get Bad Credit Horse Float Finance

A finance broker can:

✅ Find lenders who approve bad credit loans
✅ Compare interest rates to get the best deal
✅ Help with loan structuring (secured, guarantor, or low-doc options)

🔑 Final Thoughts

Even with bad credit, you can still get horse float finance if you choose the right lender and loan type. Whether you opt for a secured loan, guarantor loan, or bad credit specialist lender, working with a finance broker can help you find the best deal.

🚀 Need horse float finance but have bad credit? Get expert help 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.