Calculate Your Repayments for New & Used Horse Floats & Goosenecks
1 to 7 Years
Business Use
Application
40+ Lenders
The horse float loan calculator can help if your sticking to a budget or specific loan term.
Secured horse float loans offer the most competitive interest rates with loan terms ranging from 1 – 7 years. Secured horse float loans are available for new and used horse floats, goosenecks, toy haulers and stock trailers through dealerships, private and auction purchases. The trailer is used as security for the loan which lowers the overall loan risk to the bank.
Unsecured trailer loans offer flexibility with loan terms ranging from 1 – 7 years. Unsecured loans can also be known as personal loans and can be used to purchase older model horse floats or if you want the flexibility to sell your trailer without having to pay out the loan contract. These loans may have higher interest rates.
Business horse float finance is used predominately for commercial use and can offer taxation benefits of claiming against GST, repayments or loan interest. Loan terms can range from 1 – 7 years with balloon or structured repayments options. These loans offer flexible repayment terms to suit the business structure or cash flow.
You can choose from either Personal Loan or Secured Loan.
A secured loan is a type of loan where the borrower secures the asset, such as your new horse float, gooseneck or horse truck as collateral to the lender.
Your credit rating and/or credit score will determine the interest rate you can receive. The higher the score, the better the interest rate. Your credit score is determined by factors such as: overall debt level and repayment history on loans and credit cards.
You can choose a horse float loan term that’s suitable to your budget.
Many customers tend to choose loans over longer terms so the repayments are low and manageable, but opt to repay higher repayments throughout. This provides flexibility in knowing your car loan is paid off sooner and saves paying unnecessary interest.
If your committing to a higher repayments at the start of the loan, there is little room to reduce the repayments with lenders should anything happen throughout the term (loss of employment etc)
With your dedicated finance specialist at your side, your loan could be approved the same day and settlement within 24-48 hours.
You will need to provide ID documents and proof of income
Banks and Vehicle Finance Companies asses loans based on risk. What is the customer like? Are they going to repay the loan? Is their job stable?
Being a lifestyle asset , the age of the horse float also determines the interest rate or loan term as older model floats may be viewed as being harder to sell by the lender should the customer default on their secured loan.
For example: A new to 2 year old horse float will attract a lower interest rate than a 15-20 year old horse trailer.
The horse float loan calculator is a guide only and does not take into consideration any potential monthly fees, establishment fees, credit check or vehicle check fees set by the lenders.
These fees are generally included in the loan borrowed amount and do vary from bank to bank.
For a detailed explanation of potential lender fees, contact our horse float finance specialists on 1300 350 118.
Choosing horse float finance is not as daunting as it could be when you have iCREDIT in your corner. Whatever your requirements and whatever your financial situation, we’re on your side. We’re backed by national buying power, which means that we’re in the best position possible to negotiate better, more affordable finance rates for you. Going through us is simpler, more affordable and more rewarding than going to banks directly for financing.
Whether you’re buying a new or used horse float, have your eye on a second hand gooseneck, buying a stock trailer for business use or just need someone to give you a go with second chance horse float loans; Make the smart choice by talking to one of our dedicated finance consultants today and you’ll be well on your way to securing the motor vehicle of your dreams. We do all the heavy lifting for you, as at iCREDIT, we’re your one-stop vehicle financing solution.
