Instructions
Find out if the business or individual selling the horse trailer offers financing. Many horse trailer dealers do, though it is a good idea to compare the terms with a loan from a bank or credit union to make sure you're getting the best deal. Dealers may be able to offer financing even if you have poor credit. Private sellers may accept payments for used horse trailers, but many will not allow you to take possession of the trailer until the final payment is made.
Apply for a loan through a bank or credit union. Many financial institutions that offer financing for cars and boats also offer financing for horse trailers. Find a financing plan with simple, not-compounded interest. Horse trailers are considered recreational vehicles; as such, loans may have a higher interest rate than loans for a home or car. Some lenders may require a minimum loan amount of $5,000 or more.
Consider putting the purchase on your credit card. This option may not be available if purchasing from a private seller. Only use your credit card if other methods of financing are not available. Credit cards typically have higher interest rates and are compounded monthly.
How to Finance a Horse Trailer
Purchasing a horse trailer, whether new or used, can be a major purchase. Luckily, there are several ways to finance such a purchase with monthly payments that fit your budget. The amount you are able to finance, the number of payments and the interest rate will be determined based on factors such as the cost of the horse trailer and your credit score.