Horse Trailer Financing
 
 

       The Horse Forum > Barns, Boarding, and Farms > Horse Trailers

Horse Trailer Financing

This is a discussion on Horse Trailer Financing within the Horse Trailers forums, part of the Barns, Boarding, and Farms category
  • Can you pay for a horse trailer by the month
  • Current interest rates for financing horse trailers

 
LinkBack Thread Tools
    10-30-2010, 09:05 AM
  #1
Foal
Horse Trailer Financing

I was wondering if several people could answer me on these questions in regards to horse trailer payments. I am just starting to look for a new/used trailer.

1. How much is your monthly payment and how much did you finance? Was the trailer new or used?
2. What was the interest rate? Anyone know what the current interest rate (ballpark) is for horse trailers?
3. How many years did you finance it for?
4. How much did you have to put down?

You can PM me or email carverbrittanys@yahoo.com.

Thanks!
     
Sponsored Links
Advertisement
 
    10-30-2010, 01:51 PM
  #2
Green Broke
Quote:
Originally Posted by Rosebud64    
I was wondering if several people could answer me on these questions in regards to horse trailer payments. I am just starting to look for a new/used trailer.

1. How much is your monthly payment and how much did you finance? Was the trailer new or used?
2. What was the interest rate? Anyone know what the current interest rate (ballpark) is for horse trailers?
3. How many years did you finance it for?
4. How much did you have to put down?

You can PM me or email carverbrittanys@yahoo.com.

Thanks!
All of these answers will be different depending on your credit. I borrowed 25K with no money down on a used trailer. I think my rate is around 7%. I rolled a tractor loan into it so actually borrowed more so payment isn't reletive but I pretty much could set the loan up however long I wanted to keep the payment where I wanted.
     
    10-30-2010, 05:34 PM
  #3
Yearling
Yeah, I agree, it'll be different for everyone. I paid ~half down (just because I had the money in my savings for it) and set up a loan with my own credit union for the rest (just to build up my credit.) I had a few different options for how many years in which to pay it off. I chose to set up the payment so that I would have it paid off in the least amount of time possible. Which, of course, made the monthly payments a little higher.
(New trailer)
     
    10-30-2010, 11:13 PM
  #4
Started
All depends on your credit history and score and your lending bank as to what the rates and payments are. Usually the newer the trailer the longer you can take to pay it back... Some trailer places also do their own financing, but usually the rates are higher with them than a credit union or bank.
     
    10-31-2010, 09:08 AM
  #5
Foal
I know it all depends. But, I was just trying to get some general answers to see where people were at.
     
    10-31-2010, 09:31 AM
  #6
Green Broke
Quote:
Originally Posted by Rosebud64    
I know it all depends. But, I was just trying to get some general answers to see where people were at.
Yopu can do loan calculaters on line and put in what amounts you want to borrow and change the terms and rates to get an idea. We have no idea if you want a 2000.00 dollar traioer or a 50,000 and what you have to put down
     
    10-31-2010, 09:36 AM
  #7
Trained
Here are the current rates from our credit union.

Other Secured
(motorcycle, horse trailer, towing vehicles, tractor)

New - 6.75% - 5 years
Used - 9.25% - 5 years
     
    10-31-2010, 09:41 AM
  #8
Yearling
1. How much is your monthly payment and how much did you finance? Was the trailer new or used?

I financed $4500 for a used 2003 Titan Avalanche II. My payments are less than $150.

2. What was the interest rate? Anyone know what the current interest rate (ballpark) is for horse trailers?

7% but the rate is based on your credit

3. How many years did you finance it for?

3 years

4. How much did you have to put down?

Nothing.

It all really depends on your bank. I had received rates/payments MUCH higher from several banks. I went to the credit union where I have my car financed and they issued the loan on the spot for FAR less interest and payments than anyone else would.

Good luck!



     

Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
1991 2 horse BP horse trailer for sale Strait Load babalina Tack and Equipment Classifieds 0 02-27-2010 08:27 PM
Need some urgent financing help! samc230 Horses for Sale 6 09-21-2009 12:02 AM
For sale 2 horse bumper pull horse trailer KANSAS_TWISTER Tack and Equipment Classifieds 3 11-07-2008 12:42 AM
Wants: cheap used horse trailer or stock trailer cattleman Horse Tack and Equipment 3 09-14-2008 12:46 PM



All times are GMT -4. The time now is 03:54 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0