Loan with a view to buy...Q's

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Dottyfordylan

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Currently have my boy advertised as sale or loan with view to buy, obviously a sale is more simple but as he would be a project horse I feel giving someone the opportunity to do a loan trail before they buy would ensure they are both suited.

My questions are what distance would be your cut of point ( I've had interest from people up to 2hrs away and refused) does it just depend on how far I'm willing to travel to check on him?

Second question is how long would you expect the loan period to be before the prospective buyer commits?

Any experiences/input welcome, although not too many horror stories as this is a very hard decision as it is...
 
Things I did on a LWVTB
- non refundable deposit
- if they want vetted then done before leaving yard
- take up references
- take copy of evidence of address (utility bill etc)
- notify passport issuer
- keep within 1 hour and check within a week of arriving at new yard
- used BHS loan contract, adapted for LWVTB
- either get them to show you a copy of insurance, or keep insurance in your name for period of loan

As for time, well 6-8 weeks should be plenty if they are serious about buying.
 
I had one of mine with lwvtb, long story but he was a project horse. We had a conteact, the owner delivered him to me so guaranteed where he was going, she used to pop in and see him if in the area whilst I wasn't about, but I have nothing to hide so not a prob. Kept regular contact with him and even now I have owned him over a year still keep contact and she still visits him every now again.
I think you need to vet the person quite well, I never provided refs but she knew the yard I had a stable on and could visit whenever, never minded as not hiding anything.
 
I bought my horse lwvtb. I went to try him twice before he was delivered to my yard, so she could see where he would be stabled. We both signed a contract which I believe was a standard loan contract but had a clause to say what the value of the horse would be when and if I decided to buy, if I decide not to go ahead I would be responsible for transporting him home. I had to provide a copy of my insurance showing that should anything happen to the horse the owner would receive any payment not me as the loanee. He wasn't worth a fortune so I guess it would be different if he was worth a lot of money. I was just over an hour away from the owner by car and kept in regular contact with them about how he was going. To be honest I think my agreement was based a lot on trust as I didn't provide references or Id etc. he also came with tack for the duration of the trial which was returned in the same condition when I bought him. I was responsible for having him vaccinated while he was with me which is the only time the owner came to visit as she brought his passport for the vet to sign. My loan period was for 3 months but I agreed to buy him almost straight away, I think when you know, you know. At the end of the 3 months I went to the owners house to deliver the saddle and the money. I was quite nervous to buy as I had my confidence knocked so lwvtb made me certain of my decision. My horse was also advertised as quite stressy until settled so I think the owner was worried a buyer would get him home and send him back after seeing him go nuts, the trial period gave him chance to settle so I could see past the nuttyness! Hope this helps :)
 
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