lease/loan/sell help

carthorse

carthorse

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Would like your thoughts on this.
Have lovely horse 17 years old. Someone is interested in him as a schoolmaster but I have has disasters before with loaners before. They would be willing to buy but I want to protect him at his age he is worth very little although he is fit and well.
I was thinking of leasing with a bond up front to cover his saddle and collecting him back if things go pear shaped. I thought a £500 bond and £50 a month lease after a two week trial. After two years the lease would become loan so free.
Can you see any problems with that.
Unfortunately they live more than 100 miles from me. They have there own stables and land and a friend knows them.
 
If I were interested in a 17yr old horse, I wouldn't be if I had to pay £500 up front then £50 a month for 2 years, on top of all my other expenses?

I would either want to buy the horse or have it on loan, can't see why someone would pay that much extra? because it just seems like they will be giving you £1200 + the £500 for the tack and never owning the horse?
 
kerrieberry2 said:
If I were interested in a 17yr old horse, I wouldn't be if I had to pay £500 up front then £50 a month for 2 years, on top of all my other expenses?

I would either want to buy the horse or have it on loan, can't see why someone would pay that much extra? because it just seems like they will be giving you £1200 + the £500 for the tack and never owning the horse?
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THIS
 
The £500 would be a returnable bond for the saddle or they could buy one. He is an amazing schoolmaster and I have a friend paying twice that to lease an experienced older pony.
I think they would happily pay but are there pitfalls on my side. I just dont want to sell him and find that he has been sold on at a sale or something..
 
Why don't you just loan him, I know it's a risk but then I don't see how the £50 a month protects you and might add to the difficulties if you want him back for any reason. Get your friend to keep an eye on him and do your homework before he goes.
 
Not sure how the lease offers more protection than a loan? Contracts can be worded so that owners can take horse back the same from either surely?
 
I could just loan him but I have found people just take things for granted that they are given. I was thinking of letting them own him after the two years but again at the moment they say they would keep him for life but things change. On loaner who had him fell out with her Mum and was sent back next day. I just thought if they were serious about keeping him for life this might prove it as its the same as buying but not being able to sell for awhile
 
Loan him with an iron clad agreement like I did with mine. Covered all the bases including return and timescales and I never had an issue.

I wouldnt do what your suggesting.
 
I can understand the bond for the saddle- although think its a bit much! Would probably pay if I loved the horse. However, I would not pay £50 a month to lease a 17yr old horse. I think even if it was gifted after two years - by then the new owner will have paid for the horse and then have the responsibility (and expense) of looking after the horse in retirement.
I loaned a 16 yr old horse, who was gifted to me when she was 21, is now 22 and pretty much retired. I have kept her on part livery for most of the time we have been together (which is costly in itself) and I am looking to bring her home for her retirement. She is my horse of a lifetime. Loans can work out fantastically well. It would put me off from loaning a horse if I thought the owner was trying to take advantage - £50 a month plus all other horse related expenses does seem a bit steep!
 
Loan. As far as I'm aware, leases are really only for competition horses. I would either buy or loan or buy. I wouldn't want to pay monthly, unless I was buying in installments. I understand that you want to make sure you find him a good home, I'm just not convinced this is the way to do it. I wouldn't even be sure you'd get any callers, unfortunately.

Good luck. I am sure there are people out there who are genuine and desperate for a loan, that was me 12 years ago and I couldn't find anything suitable!
 
I would be happy to pay a bond for the tack, presuming it fits/reasonable quality. What level schoolmaster is he? Riding club I might think its a bit steep - higher maybe.
Also what happens if he goes lame? do they still pay lease while they give him time off?
 
He is intermediate eventer,foxhunter show jumper and elem dressage. Happy for him to showjump but wind not good enough to event.Although they could go xc schooling.
Thank for all imput. Bond would be for about £1500 worth of equipment plus it would cost me over £100 to bring him home.
 
I don't think its a bad idea. I have had the same idea re a kids pony I have because I feel if they are paying for it it won't be left languishing in a field not being ridden. I was thinking of a very minimal amount tho, tenner a month or something but definitely a bond for the tack and rugs.

I've done it the other way and just given things for free and been burnt incidentally, more than once!
 
I think its great you want to protect his future and a bond may be a good idea.
However if they are looking to loan or buy I can't see them being happy with a £50 a month lease bill on top of all the usual costs of keeping a horse.

I understand why people lease horses but these are competition horses.
 
£50 a month for two years amounts to over £5k and they have nothing to show for it at the end, plus a rather large bond upfront. I wouldn't touch it personally. Always worth mentioning it to them though.
 
carthorse said:
He is a competition horse! He can still compete to a high standard
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carthorse said:
He is intermediate eventer,foxhunter show jumper and elem dressage. Happy for him to showjump but wind not good enough to event.Although they could go xc schooling.
Thank for all imput. Bond would be for about £1500 worth of equipment plus it would cost me over £100 to bring him home.
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Not such a high standard, although admittedly higher than RC, but with no possibility of going higher. I can understand your wanting a bond for the tack but certainly wouldn't want to pay the monthly amount if I had him.
 
He has gone to his new home, it was a 5 hour journey for him but he has settled well and is having loads of love and attention. All went very smoothly, as I said they wanted to buy him and thought the lease agreement was fine ,The only part I changed was not sending any tack as they were getting him new stuff so only charged a £100 bond in case I have to collect him.
They seem to be the perfect home for him , fingers crossed.
 
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