🚛 Can You Finance a Second-Hand Horse Float?
Yes! Financing a second-hand horse float is possible, but the process differs from buying a new float. Some lenders may have restrictions on the age and condition of the float, and interest rates can vary depending on the lender, the float’s value, and your financial situation.
If you’re considering a pre-owned float, understanding the finance options and requirements will help you secure the best deal.
🏦 How Second-Hand Horse Float Finance Works
Here’s how financing a used horse float compares to financing a new one:
| 🔑 Factor | New Horse Float Finance | Second-Hand Horse Float Finance |
|---|---|---|
| 💰 Loan Amount | Higher ($20,000 – $150,000+) | Lower ($5,000 – $50,000) |
| 📑 Loan Type | Secured or unsecured | Secured preferred, but unsecured may be available |
| 📆 Loan Terms | 1 – 7 years | 1 – 5 years (depends on age of float) |
| 🏦 Lender Restrictions | Easier approval | Some lenders won’t finance floats over 10 years old |
| 🚛 Condition Requirements | New condition with warranty | Must be in good condition and meet valuation standards |
💡 Tip: Some lenders may require a valuation or inspection of the second-hand float before approving finance.
📋 What Lenders Look for When Financing a Used Horse Float
Because pre-owned floats depreciate faster than new models, lenders assess:
✅ Age of the Float – Some lenders won’t finance floats older than 10-15 years
✅ Condition & Resale Value – Well-maintained floats with higher resale value are preferred
✅ Loan Security – Secured loans (using the float as collateral) increase approval chances
✅ Seller Type – Private sales may require more paperwork, while dealership sales are easier to finance
💡 Tip: If you’re buying from a private seller, some lenders may require a proof of purchase agreement.
🏆 Pros & Cons of Financing a Second-Hand Horse Float
✅ Pros:
✔️ Lower loan amounts and repayments
✔️ More affordable than buying new
✔️ Less depreciation after purchase
⚠️ Cons:
❌ Higher interest rates compared to new float finance
❌ Some lenders won’t finance older models
❌ May require an inspection or valuation before approval
💳 Why a Finance Broker Can Help with Used Horse Float Loans
A finance broker can:
✅ Find lenders willing to finance second-hand horse floats
✅ Compare loans to secure the best rates
✅ Help with paperwork for private sales
🔑 Final Thoughts
Financing a second-hand horse float is a great way to save money, but you’ll need to ensure the float meets lender requirements. Working with a finance broker can help you find the right lender and secure a loan that fits your budget.
🚀 Looking for second-hand horse float finance? Get pre-approved today and find the best deal!
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.
