How much should I charge for a loan?

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xzoelliex

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The horse in question is currently on full livery, costing £500 a month. The loan would be for 5 days a week, not including weekend. How much should we put her up for loan?

She is a 15.2hh cob, can canter and do a few small jumps, is a sweet girl, 8 years old.
 
Sounds more like a share, for me a loan is full responsibility seven days a week.

You need to see what price shares are in your area, not having a weekend day might limit demand.

I'd say max £50 a week
 
xzoelliex said:
The horse in question is currently on full livery, costing £500 a month. The loan would be for 5 days a week, not including weekend. How much should we put her up for loan?

She is a 15.2hh cob, can canter and do a few small jumps, is a sweet girl, 8 years old.
Click to expand...

It depends on what she is like to ride and the area you are in, a really good hack in an area with great hacking may be of interest to an adult who is not working who can ride during the week but for someone who works having her all week with no weekends and at this time of year being limited to riding in the school it may be less attractive.
If you are looking for her to be exercised to get her fit then keep the cost as low as you can or see if they will do jobs to cut down the livery charges to part or even diy which would save lot more than you might get in cash.
 
I’d say around £30pw but it’s a question of finding the right person - one who only wants to ride in the week, is competent etc, so you may have to be prepared to negotiate.
 
I think also you might struggle to find people who want a five day a week share from a time point of view, one of the advantages of sharing being that you only have to be available 2/3 days a week.

There are a lot of factors to consider, do you have access to good offroad hacking, how well schooled is she 'can canter' doesn't sound terribly promising on that front and whether having her worked by someone competent is more important or the financial contribution
 
Going from previous threads OP, I reckon you'd be better just selling her on and buying another horse when you be finished work or college. :)
 
You might be better loaning her out totally, and finding yourself a share or getting weekend lessons. Not many people are going to want to pay for a horse they will be doing most of the work for to enable their owner to ride on the weekend (when most people have more time)
 
I think this will appeal to only a small number of people. I work full time and work weekends so all weekdays wouldn't be a big thing for me but the vast majority I imagine would be not interested. Its the 5 days that may be a no go. If I had enough time to share a horse 5 days a week while working full time I would probably want either a full loan to have more say in decision making or just buy my own! Also if you are asking for a financial contribution, the cost of sharing a horse 5 days (if your charge per day or ask for half + cost contributions) is going to outprice those who have time to do it!
Good luck
 
Just being honest, you want someone to share her without giving up your weekends is very limiting, its handy she's on full livery but most people that do a share are happy to do some jobs.
Most people ask £10 a day for a share/ride but you would be lucky to get 5 weekdays every week, otherwise you would be better to get multiple sharers to cover the days you need but obviously that's not ideal.
As someone said if you are going to pay out for a 5 day share you would probably go and buy your own.
 
I've noticed that you put a thread up asking how much it would be to have your horse reschooled, if this is the same horse, I think you're going to struggle to find somebody to put in a lot of effort, on weekdays and pay for it. I'm sorry if that's not the answer you're after :(
 
The cost of the livery is largely irrelevant - what you want to offer is a share, not a loan, and you're therefore stuck with setting the charges at the going rate. Some people will want weekdays only, but there aren't many of them, and very few will want all five days. Realistically, your options are:

Full loan

Sell

A share, probably for three days a week, at a maximum of £30 - and even assuming they do jobs at one end of the day, you'll still need full livery on two days plus assistance on share days (e.g. turnout), so your costs will barely change.

Several sharers, which theoretically makes assisted DIY possible, but will be a nightmare to manage, especially if they fail to turn up, and will still bring in a maximum of £50 per week.

Have you considered working livery? Although you'll need to allow some weekend use.

I think you need to work out what your priority is - saving costs or keeping the horse in work- before you can decide on a realistic solution.
 
I'm not sure what you want to achieve really. Your post on feb 9th suggested the horse had become too much for you and needed reschooling. If you are looking for a way of doing this via a share then tbh you will struggle to find anyone willing to do it. Shares generally want a straightforward horse to enjoy not one that they have to reschool. If the horse is straightforward but just not a suitable ride for you , then sell it and get something more suitable. If the horse needs reschooling then you will need to pay a professional to do it for you or find someone competent who is willing to do it for you without payment, but I doubt anyone will pay you for the pleasure of doing it. Sorry if it's not want you want to hear.
 
Loan to me would be that you essentially hand over (most) of the rrdsposibilty to another person. They pay livery etc and do what they like with said horse. Only cant make life changing desicions and I would expect to be notified and approve any drastic changes such as yard moves, new rider, new tack such as saddle etc.
Share involves the person just doing the horse and riding it an agreed number of days. They may pay, as essentially they dont want a lot of resposibilty or hassle.

Unschooled/ naughty or difficult in way horses are diffiuclt to find either. You should really be paying them for any significant schooling/ i.e value added to your horse.
 
If I saw an advert for a horse for loan weekdays only I would think that you wanted free schooling/exercising of your horse so that you could have fun on it over the weekend. If you offer it for free then someone may take you up on the offer but I can't see anyone wanting to pay for the pleasure.
 
having someone come to improve your horse and keep her fit would cost you anywhere from £20 per ride

If you find someone to offer their services without charging and who are willing to forgo the fun of weekend events etc grab them with both hands, never let them go and most importantly don't charge them a single penny.

Lots of people have jumped on the 'share' bandwagon as a way of paying some of the livery and being able to ride a fit horse at the weekend but sharers these days are becoming more switched on and there are an awful lot of horses that never find sharers because more and more people are expecting people to pay to school their horses
 
I dont think you will easily find someone to pay for the pleasure of riding and paying for a horse all week, just to have the owner come along and have the fun at the weekend. Probably not what you want to hear but it isnt very appealing
 
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