Loan, full loan, share ?????

[kate121212]

hello every one,

this might sound really stupid but what do these mean, im really confused......
loan:
full loan:
share:
lease:

thank you

xxxxx

 

[Shilasdair]

Full loan - you have the horse as if it were your own, ride it, look after it, pay its bills etc - usually the details are agreed by contract.
Lease - as above, but you pay a monthly rental for the use of the horse as well as meeting all costs.
Share - you and the owner share the horse, its care, its costs and its bills, again dependent on the agreement.
I'd have to say that it is good advice to GET EVERYTHING IN WRITING FIRST so you know exactly where you stand.
Hope this helps you
S

 

[dozzie]

Full loan means that the person takes over all the care and costs of the horse. Witout buying it but the owner can have it back at any time.

Share means that the owner and share would share the costs and the riding.

Lease- not sure exactly but would think similar to loan.