Looking to purchase a horse box or trailer?

Utilising one of Equine Finance: Many finance solutions is a simple/safe way of financing your next horse box or trailer. That gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement.

Spread the cost of the purchase: Financing allows you to pay off the cost in manageable instalments over a reasonable period of time. Most lenders don’t require a deposit, but the more you pay upfront and the longer the term you take the finance over, the less you will be required to pay monthly, so this can be a good way to make your repayments more manageable.

Get the perfect model for your needs: Taking out finance on a horsebox, rather than paying for it in one lump sum, gives you more scope in terms of what you can afford. Naturally, newer, higher spec models are going to be more expensive but taking out finance enables you to consider a wider range and allows you to use what you initially thought was your full budget to pay a larger deposit on a more desirable model and pay off the rest slowly.

Keep some savings for other investments: In these uncertain times, there are plenty of reasons you might want to keep a bit of money back for your day to day needs, whether business or personal, or for unexpected vets visits (even if they never feel that unexpected!) Financing your purchase means you don’t have to make a decision between keeping some savings and investing in your dream horsebox.

Have more flexibility in your purchase: At the end of the fixed finance term, you will have a lot more flexibility in terms of your options. You will be able to choose between settling your balloon payment and either keeping or trading in your existing horsebox for a newer model at a lower rate (as you will have an existing relationship with the lender) or refinancing your balloon payment, allowing you to keep your existing model at an affordable rate of repayment.