Our local bank was of no help to us; we looked at trailers based on information they (initially) gave us, only to find that they wouldn't actually loan against most of them.

We finally went with First Internet Bank of Indiana.  They know horse trailers and have competitive rates.  We were very pleased with their service.

 I bank with Park Federal Credit Union, based in Louisville. We have used Park for all our loans for many years. I have posted a link for their rates. These rates are even higher than First Internet bank's, so I'm not sure that FIB's rates ARE high! We have always gotten very good rates from Park, although I haven't financed a horse trailer, there or anywhere. What are the going rates for horse trailers if these rates are high?

https://www.parkcommunity.com/rates/index.htm

Try our Financial Calculators   Mortgage Autos RV's & Boats Motorcycles Unsecured Loans Others Mortgage Features Term APR 1st Mortgage Click here to see the rates -- -- 2nd Mortgage/ Home Equity LTV up to 80%. Please contact us for additional rates and terms.Click here to see the rates. -- --   Models/Year Conditions/Requirements* Term* APR* 2009-2010 Up to 100% Retail Value                               Valued at $15,000 or more and 20,000 miles or less  New, untitled vehicles valued $30,000 or more  12 months   24 months  36 months  48 months  60 months  66 months  72 months  84 months  1.99%* 1.99%* 2.99%* 3.99%* 3.99%* 4.24%* 4.74%* 5.24%*         2003-2008 Up to 100% Retail Value           Max term for 03-04 models  Max term for 05-06 models      Available only for 07-08 vehicles under 40,000 miles  12 months  24 months  36 months  48 months  60 months  66 months  1.99%* 1.99%* 2.99%* 3.99%* 3.99%* 4.24%* * Annual Percentage Rates.  Terms based upon vehicle age, mileage, & condition at loan officer's discretion.  Rates accurate as of 8/12/2010 and subject to change without notice.  Rates shown reflect .25%  rate reduction for automatic transfer. Other terms and conditions may apply. Loan Example:  24 month loan term equals 24 monthly payments of $44.55 per $1,000 borrowed.   Member will receive a discount on the Annual Percentage Rate (APR) with one of the following: i. Discount of 0.25% on the APR if member elects to have loan payment set up on automatic transfer, payroll deduction, ACH or direct deposit. ii. Discount of 0.50% on the APR if member elects credit life and credit disability insurance on loan and either opens a checking account with direct deposit or elects to have loan payment set up on automatic transfer, payroll deduction or direct deposit. The maximum discount a member may receive on his/her APR is 0.50%. Models/Year Features Term APR (Motor Homes, Campers, & Boats)       2009-2010 Up to 100% Retail Value $2,500 - $5,000 $5,001 - $9,999 $10,000 and up   60 months 120 months 144 months   7.49% 7.49% 7.49%   Above rate includes a 1/4% rate reduction for automatic transfer from a qualified Park Community account.     2003-2008 Up to 100% Retail Value $2,500 - $5,000 $5,001 - $9,999 $10,000 and up   60 months 120 months 144 months   7.99% 7.99% 7.99%   Above rate includes a 1/4% rate reduction for automatic transfer from a qualified PCFCU account.       Models/Year Features Term APR 2009-2010 Up to 100% NADA Value 84 month term is for new, untitled units valued at $18,000 or greater 36 months 60 months 72 months 84 months 2.99% 3.99% 4.74% 5.24% *5   Above rate includes a 1/4% rate reduction for automatic transfer from a qualified Park Community account.     2003-2008 Up to 100% NADA Value 66 month term is for 2007-2008 models only with 20,000 miles or less. 36 months 60 months 66 months 2.99% 3.99% 4.74% *6   Above rate includes a 1/4% rate reduction for automatic transfer from a qualified Park Community account.     5   84 month term is for new, untitled units valued at $18,000 or greater. 6   66 month term is for 2007-2008 models only with less than 20,000 miles. Member will receive a discount on the Annual Percentage Rate (APR) with one of the following: i. Discount of 0.25% on the APR if member elects to have loan payment set up on automatic transfer, payroll deduction, ACH or direct deposit. ii. Discount of 0.50% on the APR if member elects credit life and credit disability insurance on loan and either opens a checking account with direct deposit or elects to have loan payment set up on automatic transfer, payroll deduction or direct deposit. The maximum discount a member may receive on his/her APR is 0.50%. Unsecured Features Term APR Unsecured     11.24 -18.00% Share-Secured -- 144 months 3.50% CD-Secured 2.0% above the rate paid or 3.50%, whichever is greater.   Rate Varies Unsecured Line of Credit     11.24% Credit Builder   12 months 11.24%-18.00% Fresh Start -- 12 months 11.24%-18.00%   Others Features Term APR Horse Trailers       2009-2010 Under $10,000 (loan amount) $10,000 and up (loan amount) 120 months 144 months 9.99% 8.99%   Rates are shown with a .25% discount for automatic payments.     2003-2008 Under $10,000 (loan amount) $10,000 and up (loan amount) 120 months 144 months 10.49% 9.49%   Rates are shown with a .25% discount for automatic payments.     New GE Appliances Up to 100% Purchase Price + Taxes 36 months 8.40% Other Collateral & Farm Machinery -- 36 months 9.99%         <script type=text/javascript>

Horse Trailers
2009-2010	Under $10,000 (loan amount) $10,000 and up (loan amount)	120 months 144 months	9.99% 8.99%
	Rates are shown with a .25% discount for automatic payments.
2003-2008	Under $10,000 (loan amount) $10,000 and up (loan amount)	120 months 144 months	10.49% 9.49%
	Rates are shown with a .25% discount for automatic payments.
New GE Appliances	Up to 100% Purchase Price + Taxes	36 months	8.40%
Other Collateral & Farm Machinery	--	36 months	9.99%