Leasing . Have you done it ?

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maree t

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Have decided to look for start thinking about a new pony for my daughter. I have noticed a few for lease. we are only going to want a specialist games pony for the next two years so it would make sense.
I wonder if we should do that with her outgrown pony but no idea where to start.
Her 12hh pony is 15 and is an allround superstar that I am dreading having to let go but she is too good for standing around out in the field. I would be happy to have her back for retirement but could do with some money towards the new one.
Anybody got any experience of this ? is it only BS and BE types that go for lease ? perhaps this could work better for us
 
Friends of mine leased a pony, he was a decent PC type but had not done BE/ BS they paid around 10% of his value annually plus all expenses, they had a very detailed agreement in place. He has now moved on to another child, still on lease, from the owners point of view it has worked well they have now received more than half his, in my view inflated, value and over the next few years will have gained his total value any more will be a bonus and he can still be theirs when he retires owing nothing.
 
my boss leased one and he was not fit for purpose, if i was leasing i would wnat to return the horse/pony if it went lame for any length of time and i would expect the owners to keep the insurance up. if i leased a car and it broke i would want to return it or have it fixed straight away, and obviously horses are not always immediately fixable so i would expect to return it or for owners to cover costs whilst it was unable to work.

if i loaned one i would expect to cover all these costs myself. if you lease it does effect your insurance too as far as i am aware
 
I loaned my 13.2hh pony out on loan for just over a year for this reason. It was ideal for them not to buy as the kids would outgrow him and I love him far too much to sell! He's just a PC type, does everything, he's back home now and figuring out what to do with him but it's definitely possible to find!
 
Thanks for the information. Our little mare was the south kent mga champion this year so is pretty good at her job. How much do you ask ? I think we would market her for about 2500. I would like to stash a retirement fund for her really and know that she would come back here when she wants to slow down.
If the pony goes lame then you would take them back but what if it the leasers negligence ? I am worried that it would be a minefield . I would really like to retain ownership but dont want to just loan her out.
 
maree t said:
Thanks for the information. Our little mare was the south kent mga champion this year so is pretty good at her job. How much do you ask ? I think we would market her for about 2500. I would like to stash a retirement fund for her really and know that she would come back here when she wants to slow down.
If the pony goes lame then you would take them back but what if it the leasers negligence ? I am worried that it would be a minefield . I would really like to retain ownership but dont want to just loan her out.
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They should have insurance in place to cover any injury, long term unsoundness due to an accident would have vets bills covered but obviously unless they have LOU insurance, which is hard to prove but you could insist on her being insured for LOU as part of the contract, you may end up with a pony in early retirement or resting but that is a risk even keeping them at home yourself.
Around 10% of her value, round it up to £300, annual lease would be fair, they gain a good pony for a nominal outlay with the ability to return her once the child outgrows her.
 
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