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.

What Are the Typical Loan Terms for Horse Float Financing? 📆🐴

🚛 How Long Are Horse Float Loan Terms?

When financing a horse float, one of the key decisions is choosing a loan term—the length of time you’ll be repaying the loan. Typical horse float finance terms range from 1 to 7 years, depending on the lender, loan type, and your financial situation.

A longer loan term can reduce monthly repayments but may increase the total interest paid, while a shorter loan term means higher repayments but lower total costs.

🏦 Common Horse Float Loan Terms & Their Impact

Here’s how different loan terms affect your repayments and total loan cost:

🔑 Loan Term Typical Range Pros Cons
📆 Short-Term Loan (1-3 years) Higher monthly repayments Less interest paid overall, faster loan clearance Higher monthly financial commitment
💰 Medium-Term Loan (4-5 years) Balanced repayments Affordable monthly payments, reasonable total interest Slightly higher total interest than short-term loans
📉 Long-Term Loan (6-7 years) Lower monthly repayments More manageable for tight budgets Higher total interest paid over time

💡 Tip: If you want to pay less interest, choosing a shorter loan term can save you money. If you need lower monthly repayments, a longer term might be a better option.

📊 Factors That Affect Your Loan Term Options

Your loan term eligibility depends on several factors, including:

✅ Loan amount – Larger loans may require longer repayment terms
✅ Credit score – Higher scores may qualify for more flexible loan terms
✅ Income stability – A strong financial profile can allow shorter repayment periods
✅ Deposit size – A larger deposit can reduce the loan term or total loan amount

💡 Tip: If you plan to upgrade your horse float in a few years, choosing a shorter loan term can help you build equity faster.

💳 Why a Finance Broker Can Help You Choose the Best Loan Term

A finance broker can:

✅ Compare lenders to find the best repayment terms for your budget
✅ Help you balance monthly affordability and total loan cost
✅ Secure lower interest rates to reduce your overall repayment burden

🔑 Final Thoughts

The right horse float loan term depends on your budget, financial goals, and interest rate preferences. A shorter loan saves money on interest, while a longer loan makes repayments more affordable.

🚀 Need help choosing the best loan term? Get pre-approved for horse float finance 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.