About to put my pony on shared loan...please help with prices?

Tiarella

Tiarella

Well-Known Member
Joined
25 October 2007
Messages
9,415
Location
warwickshire
www.myspace.com
Hi :) had someone come and try my pony today and they are smitten with him. He is for shared loan on flexible days/times. They are my absolute perfect people - daughter is very into dressage and pony club and mum is a lovely pony club mum with their own horse lorry too! She has recently come off a 13hh pony and moved onto a 14.2 advanced dressage pony but was far too much for her to manage so wants something which my pony would be perfect for - can do byrds/affiliate yet can still go to fun pony club rallies etc. Now i have no idea how much to charge?! At the moment i pay -

£35pw diy livery
£10pm on straw
£16.50pm on hay
£60 every 6 weeks for shoes
£12 every 3 months for worm count
£30pm on feed (average)

He is not currently insured for vets but will insure him for peace of mind for us both especially if he is going to be doing lots of pony club/competitions.

So, how much do i charge?! Im not needing to make a profit on them. I will do every morning and they'll do him 3/4 times a week and ride when they go too. They can take him here there and everywhere too.

Am i missing anything isurance wise too? He is currently insured 3rd party and the girl is insured to ride him through pony club too. Other than vet insurance is there anything else i have to add? I will charge them for the majority of extra insurance too - is that fair?

Anything else?!
 
I had a RS pony (who was rarely used in the RS) and I paid £95 a month to have him two days a week.

One way of doing it could be to add all those expenses up, divide by 30 and then times by how many days a month the loaner would have him, and charge that/slightly less than that?
 
When i used to have ponies on loan i always used to pay £60pm but i'd need a lot more than that really!

I will try and do some sums in a bit to see if i can work something out.

Would you charge a bit extra as being as they'll be using him as a competition/pony club pony too?
 
Average seems to be £20 a week - it's rare for sharers to 'cover' their proportion of costs. If you really like them and think that they will be good for your pony then I'd be flexible on money, good sharers are hard to come by.

Based on your figures and with £25 a month for insurance plus £40 a year for vacs, dentist, saddler each annually - he cost you c.£3,500 a year or £67 a week - if you could get £30 a week that would be pretty good going.
 
Completely forgot about extras like dentist/vacs etc!

I am thinking around £120pm to be honest as this would cover most costs.

B_b_h - why would you not charge for insurance?
 
Personally because I would like to be in control of the insurance, and because I would ask the rider to have her own separate insurance. I would ask that (depending on the circumstances) she paid half the excess though. I only insure for vets fees though.
 
Ahh okay, thanks for explaining :) i was thinking of controlling my insurance myself and asking for them to pay half towards or a bit each month as being as im adding vet bills onto it as theyll be doing a lot more with him than i do. Would that be fair? Or just pay for it myself? She is insured through pony club which is only £50py.
 
We paid £35 a week for a very similar arrangement (with what sounds like a similar pony too!). Round here most loans on DIY basis are around £10 a day.
 
Will that be the right level insurance for her? Or is it the equivalent to BHS Gold?
Personally I'd just pay for vets fees insurance myself (however as I said I don't have LOU etc) as that way if you decide to change insurer and the premiums are more expensive you don't have any potential aggro.
 
Remember that if you charge someone for riding your pony - which is what you are doing - you compromise your insurance. You must tell the insurance company that you are asking a fee. It's not the same as if you just lend your pony to a friend to ride for the day
 
Remember that, as the owner, you get to choose yard, feed, shoeing and all other aspects of management (including allowing/not allowing the sharer to ride). So, it isn't generally considered 'fair' to expect them to meet a time-wise split of the costs. For that you usually have to go for a full loan.
 
My part loan before I bought was £25 a week plus half the shoes all in. Didn't go anywhere near half of his actual costs, but he got schooled and hacked regularly and at least some of his costs were met.
 
OP you could ask them for £120 a month but don't be suprised if they run for the hills in horror, especially coming into winter. There is a recent thread where someone asked for £10 a week and the sharers have been really unhappy with that as too much !!
Remember if you're not going 3 days a week you'll save a lot in diesel (assuming you don't bike to your yard)

If you really need the money maybe think of ways of keephing your horse more economically but if you need help with chores/ exercise then be prepared to compromise on cash for the right person.

The only way to find out what they are prepared to pay is to ask them.

It#s worth a call to your insurance company - especially to check on third party cover, it would be a nightmare for your sharer to have an accident on the road with your horse and then find out your third party won't cover the claims against you!!
 
PM the sharer on that thread had not been paying anything for a long while - I think that it was more the fact that the free ride (so to speak) had come to an end. When I had a sharer she happily paid £30 a week for 3 days (so £120 per month) :)
 
Theyre currently paying £550pm for this dressage pony so asking for £120pm is not expensive by any means.

Yard is 30 seconds from house so wont save in petrol.

I just dont know what to do about insurance as i cant afford £500+py?
 
rachaelstar said:
And will my insurance then go up a lot so i end up not being able to afford it which then defeats the object of me having a sharer/loaner?
Click to expand...

The cost of my insurance didn't change when I put my pony on full loan to a RS.

I think £120 a month sounds fair, and you pay insurance, because you'd be paying for vet fees if needed. Write all this into your contract (I used the BHS agreement and adapted it)
 
I'm not sure why you would have to pay more for your insurance? Depending on what your current policy is, it might be worth just getting vets fees on your insurance and then joining the BHS for your PL?
 
You must log in or register to reply here.
Top