Leasing-any experiences

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peaceandquiet1

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I am looking at a pony for my daughter. The purchase price is too high for me-though the fact the pony has been for sale for a while means maybe others feel the same. The owner has said she may lease the pony. Has anyone done this? She has said if I later buy the pony, the money already paid would be deducted-so it feels a bit like paying the pony up!
 
Friends of mine leased a good PC pony for several years as the owners did not want to sell, they paid about 10% of his, rather inflated value, £1000 per year plus all the usual costs full insurance etc. They bought the tack and rugs which when he moved to a new home, again leased, the tack was sold with him.

It was a good deal for the owners as over the years they will get most of the £10k but still have the pony in retirement, a fairly good deal for the people leasing as they got a better than average pony without forking out big money in one go, also never having the hassle of selling on when he was outgrown with the added bonus of if it had ever gone wrong he could have gone back at the end of the year.
 
Only lease if the pony is exceptional.
As be positive has shown it can be an excellent arrangement, but is usually only done by owners who do NOT wish to sell, so if horse/pony is exceptional they will lease, if its average they will loan.
In your case it seems to be a solution because at the moment they can't find a buyer.
Proceed with care, and have a watertight lease agreement drawn up.
 
That's interesting about the 10%, as this pony is valued at £2700 and the lady mentioned £1000 a year. Rather more than 10%! I would much rather but than lease but sadly my budget won't stretch to her price and I am not sure she would drop it enough.
 
I'm sorry but a pony for sale at £2,700 is not leasing material, loan yes but not lease.
It would really only be viable to lease if value was in tens of thousands.
A super talented pony on lease is a good idea as children outgrow them but your figures are brilliant for the owner, rubbish for you.
If you really want this pony I would suggest to owner buying it on installments or get a loan and buy it outright, cheaper and safer in the long run.
 
This is all really interesting and helpful and food for thought. We have yet to view the pony so I think we will do that anyway and then consider our options. As the pony has been for sale for some time maybe the owner may be prepared to be more flexible.
 
2700 is not a big price tag for a pony.
I know of a good all round 14.2 pony club pony but with not much actual competition record and no affiliated records that was up for £7500. He sold for not much less.


Either loan with view to buy of wait and save up with until you have a better budget.
If you don't want to miss this pony getting a bank loan is probably safer.
 
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