The Horse Forum banner
Status
Not open for further replies.

Horse Trailer Financing

9K views 7 replies 6 participants last post by  Amarea 
#1 ·
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!
 
#2 ·
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.
 
#3 ·
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)
 
#4 ·
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.
 
#8 ·
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!



 
Status
Not open for further replies.
You have insufficient privileges to reply here.
Top