Whether you need a horse float for your own personal equestrian hobbies or you would like to purchase one for your equestrian business, there are two ways you can go about it: either you can pay for it in cash if you have the money, or you can apply for horse float loans through a trusted financial partner like iCREDIT.
Having a horse float financed has several advantages over buying it with cash. Let’s take a look at why:
Preserve Your Cash Flow
Even if you have the cash on hand, paying upfront for a horse float can put a massive dent in your savings or your working capital. If you instead apply for horse float loans, you can spread the cost out over time to keep your cash available for other important things like emergencies, vet bills, feed, fuel or other equine needs.
Access To A Better Horse Float
With a loan, you are not limited to the cash you have on hand. This kind of flexibility can give you the freedom to afford a better-quality or better-equipped float that offers you improved safety and comfort for your horse as well as durability. If you are only willing to pay cash, you will be limited by the size of your wallet.
Easier Budgeting
Paying cash can take a huge chunk out of your equity in one go, putting you at financial risk. However, loans typically come with fixed monthly repayments, which makes it easier to plan and manage your budget compared to the unpredictable strain that comes with a large, one-time cash purchase.
Improve Your Credit
Every time you purchase something on credit, you can positively impact your credit score. If you manage your horse float loans well by making timely repayments, you can build your credit profile, which can help you qualify for better financing in the future and get better interest rates.
You Can Act Quickly
Getting a loan approved quickly can allow you to take advantage of special deals or get your float to you when you need it the most, rather than having to wait months to save up the money. This can be especially helpful if you need the float for an upcoming event or a change in circumstances and don’t have time to build up the necessary capital.
Don’t jeopardise your cash flow. Apply for horse float loans today through iCREDIT and get fast, flexible financing tailored to your needs