Full Loan or Part Loan?

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shampain

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At the risk of sounding ignorant (and in my first ever post on this forum), I'm not entirely sure what the boundaries are between full loaning, and part loaning. By this, I mean specifically whether the 'full' refers to only the financial part of the loan, only to the circumstantial (for example, a horse being moved to a different yard, legal owner rarely if ever has a great deal to do with it's care and exercise), or both?
I ask this because I'm currently considering the possibility of taking on a horse on loan, though as it would have to come and live at the stables of my boarding school (although I only board weekly), I'm not entirely sure which route I should take in searching.

Thanks in advance.
 
As far as I am aware full loaning is when you take the horse on at your own yard etc, it is like having your own in regards you are fully responsible for the horse and the costs, if there is a contract which i strongly recommend it may state exactly what you pay for and what involvement the owner has, also what the horse can and cannot be used for.
Part loaning is when the owner still has the horse as their own but allow another person to take over the care of the horse and riding for a set amount of money, so if the horse was ridden 3 times a week by the owner and the person loaning the horse rides 3 days then the costs would be split down the middle.
The owner may agree to a change of yards, again a contract is adviseable.
If you want a horse to yourself and can't afford to buy then full loaning is the way to go but make sure you try the horse enough times before deciding to take it on and check how much notice the owner needs if you want to return the horse, some owners will try and loan out a horse with problems and try and make you pay to remedy them.
just a suggestion but if money is a bit tight and you find a horse that you like it may be worth suggesting a payment plan.
I have just arranged one for the youngster I have, the owner needed the space and wanted a good home and I had the time and knowledge but not the lump sum for the type of horse i was after.
Don't be offended if they aren't up for it though, takes a lot of trust to do this.
I paid a decent deposit and handed over ID aswell as signing a contract of terms and conditions in front of witnesses.
Good luck with your search!
 
Debz87 said:
As far as I am aware full loaning is when you take the horse on at your own yard etc, it is like having your own in regards you are fully responsible for the horse and the costs, if there is a contract which i strongly recommend it may state exactly what you pay for and what involvement the owner has, also what the horse can and cannot be used for.
Part loaning is when the owner still has the horse as their own but allow another person to take over the care of the horse and riding for a set amount of money, so if the horse was ridden 3 times a week by the owner and the person loaning the horse rides 3 days then the costs would be split down the middle.
The owner may agree to a change of yards, again a contract is adviseable.
If you want a horse to yourself and can't afford to buy then full loaning is the way to go but make sure you try the horse enough times before deciding to take it on and check how much notice the owner needs if you want to return the horse, some owners will try and loan out a horse with problems and try and make you pay to remedy them.
just a suggestion but if money is a bit tight and you find a horse that you like it may be worth suggesting a payment plan.
I have just arranged one for the youngster I have, the owner needed the space and wanted a good home and I had the time and knowledge but not the lump sum for the type of horse i was after.
Don't be offended if they aren't up for it though, takes a lot of trust to do this.
I paid a decent deposit and handed over ID aswell as signing a contract of terms and conditions in front of witnesses.
Good luck with your search!
Click to expand...

Great advice here!!

You must get contracts drawn up.

My interpretation is:
Full loan - ALL the cost and responsibility is up to you (realistically around £250-£400pm)
Part loan - all cost is shared between the part loaner and the owner

Please be careful. People very rarely loan an all singing all dancing horse. Expect the horse you loan to have some incapability (unsoundness, old age, difficult to manage, vices etc) usually horses are put out on loan when they can't be sold
 
Notnecessarily. I've lost count of how many good PC ponies are always given away on loan as they're outgrown but too loved to sell etc.

My mare is out on full loan and she [not being big-headed] is fabulous. Can jump 1m20+'s, equally happy plodding along, up to elementary dressage, but had changes, extension, etc established also schooling, XC machine, etc. Just a true all rounder. I love her too much to sell her and she's perfectly happy touch wood in a lovely loan home.

But back to OP question...Full loan definately to move and what you want, but all costs and responsability will be down to you.
 
Binky01 said:
My mare is out on full loan and she [not being big-headed] is fabulous. Can jump 1m20+'s, equally happy plodding along, up to elementary dressage, but had changes, extension, etc established also schooling, XC machine, etc. Just a true all rounder. I love her too much to sell her and she's perfectly happy touch wood in a lovely loan home.
Click to expand...

Where were you when I was looking?!

I was met with arthritis, napping, stifle injuries, spavin, laziness, drastically overweight....etc etc. I never met ONE sound horse!
 
Really?! All loan one's I've known have been fab...negatives on any, some had been off work for a bit and needed fittening work, but had previously still done everything and were lovely horses :)
 
First off, thanks to everyone for the advice and words of wisdom. I'm aware that some owners might simply be looking to avoid responsibilities where they can no longer spare/afford the time or simply be bothered. I'm also aware that, since I'm seventeen, I'll likely come up with a multitude of issues in searching for the kind that I'm looking for- whether it's due to my age and relative inexperience when it comes to actually owning/caring for my own horse, or simply because the 'perfect' types are rarely up for loan when it comes to 15.2+. That having been said, I'm not looking for 'perfect', and certainly not expecting it. More than happy to have to put in schooling/condition work (not to the extent of sorting out a multitude of sins whilst paying: I want to have a little fun, after all).
In any case, thank you for clarifying this for me, my plan is to keep half an eye out for something that might work, but not to be pinning my hopes on it too much. Luckily the stables here and the people who work with the horses are amazing. x]

Thanks!
 
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