can somebody tell me about leasing please?

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Delta99

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How does it work, is the amount you pay each month based on the value of the horse? If so, what percentage of the value would you pay?
If you choose to buy the horse at any point, would the amount you have already paid for the lease be taken off the purchase price?
How much control does the owner have over how the horse is looked after, eg what feeds it gets, whether it's shod, etc?

Any experience of this, good or bad??
 
I have a horse on permanant loan, i cover all his expensives and pretty much do what i want with him. He is not mine though and his owner has the final say in what happens with him. If i was to buy him , what i have already spent looking after him would not make any difference. So if they decided they wanted 2,000 for him, then i woudl have to pay that regardless of the fact i had him on loan for x amount of time and spent x amoount of money on him. Although in my case , with it being a permannt loan , i have him for as long as i want, so no real need to buy him.

There is also such a thing as a part loan or a share. Where you ussualy pay a set amount to the woner each week, and in retuen you get x amount of riding on there horse. You may or may not have to do stable duties as well. The owner will generally be more involved. Again if the owener decided to sell the horse and you where intrested, any amount of money you had already paid for the share/part loan would not be taken into consideration. Thats just for the upkeep of the horse.
 
The amount you pay each month is usually to cover livery, feed cost etc.
If you are loaning the owner may not want to sell so you can't just buy at any point and the price would all depend on how much the owner wanted.
IMO you and the owner would agree on how the horse would be kept
 
Leasing is generally only done with decent competition horses - and by that I mean things which will get you on the teams or round your first advanced/jumping big tracks/doing PSG or whatever discipline floats your boat. It is way more common in the States than over here, but it still goes on. All the leases I've heard of have been done through word of mouth, and generally the leasee knows the leaser's trainer or is a friend etc - anything decent enough to be leased is known to the team trainers who know people who might be looking etc etc, and there is no need to advertise it.

The amount you pay varies depending on the horse, its owners etc, and is often a percentage of the horse's value - not heard of anyone buying the horse afterwards so no idea what the score there would be, but I suspect it's not taken off the final value because essentially you are paying to hire the ferrari you can't afford to buy, and that the owners don't want to sell.
 
Think there are quite a few types of leasing nowadays, just to confuse people!

Riding school local to me leases horses but this doesn't give you much information about costs, etc.

http://www.curlandequestrian.co.uk/leasing.html

This one looks like a different arrangement in that you have the option to buy it at the end of the term, but it doesn't mention giving any discount or taking off any payments already made.
http://www.cobham-manor.co.uk/horselease.html
 
thanks spotted cat, that's what i wanted to know.

The horse in question is not competing at the top and has physical issues so I think the owner wants to sell it but thinks she won't get a lot of money for it, hence the idea to lease it out.

Think I'll ask if she'd consider a loan instead, it seems more realistic in this case...
crazy.gif
 
[ QUOTE ]
Think there are quite a few types of leasing nowadays, just to confuse people!

Riding school local to me leases horses but this doesn't give you much information about costs, etc.

http://www.curlandequestrian.co.uk/leasing.html

This one looks like a different arrangement in that you have the option to buy it at the end of the term, but it doesn't mention giving any discount or taking off any payments already made.
http://www.cobham-manor.co.uk/horselease.html

[/ QUOTE ]

I think the top one goes on a lot at RS, and the bottom one just looks like someone trying to make money out of horses they can't sell for whatever reason! I don't see the point in either arrangement, but maybe that's just me - surely for the first one you just have more lessons at the RS and the bottom one, why not save the lease/livery/other horse-money-pit associated costs for a year and buy one - it's got to be more expensive to lease for a year and pay all the bills than buy one? Or put it on a 0% credit card for a year and pay it off in monthly installments or something!
 
[ QUOTE ]
thanks spotted cat, that's what i wanted to know.

The horse in question is not competing at the top and has physical issues so I think the owner wants to sell it but thinks she won't get a lot of money for it, hence the idea to lease it out.

Think I'll ask if she'd consider a loan instead, it seems more realistic in this case...
crazy.gif


[/ QUOTE ]

Worth asking. Put it this way, I'd love to get experience round intermediate tracks, so if I had the time I'd be prepared to lease an eventer for a season even if it had physical issues which stopped it going any higher. I wouldn't, however, be prepared to lease anything which could do anything lower than intermediate, or which hadn't done at least Advanced in the scenario above.
 
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