Advice needed pls - LWVTB

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Holly82

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Can I have some advice regarding loaning our pony out with the option to buy pls?

I know you can draw up an agreement so each party knows where they stand etc, but is it even worth the paper it's written on?

My situation is that I'm trying to sell my daughters pony. I have advertised her for about 2 months now at a very reasonable price, as far as I'm aware the horse market is still bad. I had very little interest and I have recently reduced the price in a bid to sell her quicker. There's nothing wrong with the pony, my daughter has just lost interest and she's just sat in the field doing nothing, which is unfair. I've not even had one viewing.

The issue now is that I had now said I will consider to LWVTB. I have had previous success in loaning out a horse before and the lady eventually bought him. But I'm concerned if this is the right move this time, as the price I've got the pony at is such a low amount. Of course now I've said I will consider LWVTB I've had more interest. Is it even worth me doing this when I only want a small amount of £ in the first place? I've said it would only be for about 4 weeks before I would expect a decision.
 
I would be worried about getting into grey areas with ownership, so I would loan for a set time and then they can decide if they want to bu y, maybe with a deposit or something, I know you might get people taking advantage but I wouldn't want there to be any question that I own the horse until the full amount is paid.

Depends on your situation I guess, I would not be taking the horse back into livery so would be easier for me to take the horse back and try again
 
Depends on what you are asking in terms of money - but LWVTB at this time of year is risky. There are a good couple of months of reasonable weather left - but then the harder winter. You risk getting pony back in a poor state just as the weather sets in. If it was something you would seriously entertain I would strongly recommend you get references and ensure the buyer is relatively experienced. Right now they know you are desperate and it has all the hallmarks of someone chancing their arm. It could be genuine - but it may very ell not be!

Its not a great time of year to sell as kids are going back to school etc (mind you we tend to buy this time of year as prices drop). Have you tried talking to your local PC DC? They may know of a loan home or be able to vouch for your potential purchaser?
 
Thank u all for the replies.

I do like the idea of 'on property loan', but we keep the pony at home so it would mean having strangers around which I'm not too sure about. Also we are about 20 miles away from the prospective purchasers, so I'm not sure if they would want to regularly come up. I may ask though.

I would want a very detailed agreement signed up. And I would want to see where she would be going and proof of their ID. Where is best to stand regarding the tack?? My saddle isn't worth a great deal, but the bridle is very good quality and I have several rugs for her too. I planned to sell the tack separate, but I would be concerned about things going missing, getting broken etc. would asking a deposit on these be unreasonable??
 
could you do more of a trial type situation if that is what is intended? For instance when I bought Bilbo I had him on 4 weeks' trial but I paid in full up front and had an agreement to return him and have a full refund if it didn't work out. A lot more secure for the seller but still allowed me to make sure we were right for each other.
 
Have a chat to the prospective purchasers and find out what they want to do/ test in the loan and see if you could cover it in a couple of weeks with them coming you your place - not ideal but if they came 3/4 times a week for a couple of week it might be less hassle than lots of people coming to view.
Or trial is a good idea with a contract that says if pony does XYZ nasty stuff they can bring her back.
If you loan then I'd borrow or but a cheap second hand bridle and take a deposit for saddle - rugs hopefully not needed quite yet.
 
Seems those ppl have changed their mind.

All I'm getting now is people asking about loaning :(

I don't know what else to do about selling the mare. Are horses still not selling? I know now we have come to the wrong time of year, but I must of had her up for sale for the last 2 months, if not longer. I really don't want to get to the point of giving away a perfectly healthy and ridden pony (13:2) :(
 
Good ponies always sell if priced right, this is the time of year that people think of buying the next height up so the child has the winter to prepare for next season, that you have put LWVTB in the ad will now make it obvious you are very keen, possibly desperate and will think it worth asking for a full loan, why they wont commit and actually buy is odd but it seems that is becoming more the thing to do as it leaves your options open regarding properly committing to ownership, if it goes wrong it is easy to send it back rather than buy well in the first place and work through difficulties.
If you pm me the ad I will be happy to see if you can make any changes that may help but think it is going to be harder to sell if the pony is not in work.
 
Something to consider if you can find someone to loan from home with a view to buy is what my friend did. She said for £100 (about the price of a share here) the woman interested could see the horse whenever she liked and ride the horse 3 days a week for a month. That way she could be pretty sure nothing was being 'hidden' from her, but the owner could still keep up the schooling if it didn't work out with the buyer to make sure nothing wrong happened. If purchased the 'loan' cost came off the purchase price.

Worked well, was vetted and in his new home by week 3!
 
Feel free to PM me the advert and I can look it over for you. Help to write ads for my yard which has ponies on sales livery so quite good at it. x
 
I have a LWVTB agreement if you want to message me your email address. Basically it is the BHS loan agreement, with addition provisions as to term of the loan and the price to be paid at the termination of the loan period (you MUST agree the price to be paid in case they ruin the pony or even add value to it during the loan period - they are entitled to benefit from that. I suspect like options on property that makes it more watertight too). Never had a problem with it, but then I have never had to enforce it.
 
JillA said:
I have a LWVTB agreement if you want to message me your email address. Basically it is the BHS loan agreement, with addition provisions as to term of the loan and the price to be paid at the termination of the loan period (you MUST agree the price to be paid in case they ruin the pony or even add value to it during the loan period - they are entitled to benefit from that. I suspect like options on property that makes it more watertight too). Never had a problem with it, but then I have never had to enforce it.
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Please will you send me your loan agreement too. I am looking to enter into an agreement and am a little uneasy.
Thank you
Email. Lonidawn16@hotmail.com
 
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