Loan with view to buy?

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Lill

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Do people do this kind of thing?

One of our liveries is having to sell/loan/PTS one of their horses (completely due to sad unforeseen circumstances
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nothing at all to do with the horse itself).

She was, yesterday wondering whether to just have him PTS but we persuaded her to not rush things and think about selling or loaning or loaning to buy - like a trial?

Are people really interested in loaning with view to buy? Is it such a good idea or would it be better to full loan or simply sell?
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I think from the loanee's point of view, it is a good idea as, like you say, its a kind of trial for them.
But from the loaner's point of view it could be abit risky as you stand thechance of the horse coming back.
No knowing your friends circumstances, its hard to advise on what is best. But if she is thinking she will want the horse back in the furture, then just a straight forward loan would be best, BUT if she will never want the horse back just sell it.
 
We are currently loaning with view to buy, mainly due to the owners circumstances.

He did not want to sell to just anyone and we did not want to buy this particular horse without long enough to see if we could sort the issues it had that put us off just buying.

I would recommend getting a good contract drawn up saves worry on both sides.
 
I won't buy without a trial/loan period.
1st mare I had on trial was lame for 6 weeks so she was given back
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But the mare I have now, I had her on trial for 2 weeks at my yard before I bought her.
Just make sure a contract is drawn up for the loan/trial period..
 
I have my mare on a LWVB, and it is such a good way of 1. making sure horse and rider are a good match and 2. prevent rushed desicions!
There is a loan agreement draft on BHS site that she can base her agreement on, and make changes too.
Tell her she should advertise her horse for a LWVB!!!!
 
She has lots of options. Does she want/will she be able to have the horse back at some point?? If yes then try loaning. A lot of people are interested in loaning now as it doesn't involve the cash outlay of buying. Goes without saying she'll need to vet potential homes and use a loan agreement. Build into the loan agreement a notice period and make sure she keeps in contact with the horse if possible (or gets someone she trusts to do this for her).

You can do loan with a view to buy but what happens if the horse proves unsuitable? He may end up coming back with less manners (or worse). A loan with view to buy would only really work (IMO) if she were able to monitor the loan very closely.

A lot of colleges consider loan horses - is he suitable for this?

Why PTS? If the horse has significant health or behavioural issues and she is being responsible about her horse's future welfare, then this difficult option may need to be considered too.

I wish her good luck!
 
Um well we've said to her not to rush it, she would keep him but she is not confident enough to ride him so wants him to go to a home where somebody will love him basically.

He is not a badly behaved horse, leads, shoes, catches and loads all good. He's not 100% to hack, especially on his own but that is because he's never done it and has not hacked out on roads for about 2yrs. He is ok in arena (Prelim Novice test level) on flat, loves sponsored rides and XC and is capable of SJ'ing to an average height i would think but needs a confident rider.

I think because he is not 100% in every way she is a little worried about how to sell/loan/etc him...

We have suggested that maybe see if she can find someone to loan/trial him and keep him at our yard for the time being? Would be easy to keep an eye on him (and them!) that way?
 
I have a horse on loan with a view to buy to fellow HHOer chickeninabun. I didn't want to instantly sell my mare as she is rising 15 and want to ensure whoever gets her is happy with her, can give her a good home and is less likely to sell her on as they already know her well by the time they buy her.
I think it can work very well though looking for someone to keep at current yard may be a problem as most people want to shift horses to their own yard
 
I may be a bit biased but I would never ever loan again.

I have had a horrendous experience with a pony which was 100% in every way being returned a shell of his former self, in body and mind.

If she does decide to loan then it should be someone she trusts implicitly, knows very very well, or someone very close by.

My loaner had qualifications and had had lots of horses, but it meant jack all. I know now WHY she had lots of horses in the past, she robably wrecked them all!

I would now rather PTS than loan.
 
I had a mare on tril loan with a view to buy, after day 1 she lost a shoe, day two got a bit of a ride in the sand school, day 4 got kicked and had to have surgery, owner got made redundant and we ended up buying her but didnt want her. We got her at a bargain price but I was so upset that I was kind of 'forced' into buying her when I wasnt confident in her due to the circs.

Yes she was alot cheaper than advertised due to the situation but there are pitfalls for both parties with loan with a view to buy. I wouldnt do it again. I wasnt sure about the mare but gave her a chance when really I should of said no she looks too much for me to handle.

(Its a happy ending though she's great now but will never be an easy horse)
 
I do not agree with having a perfectly healthy horse PTS, think it's a cop out to be honest.

She should sell or loan - I think personally she should sell if he's too much for her, he sounds like a nice enough horse for someone else so why not sell him. Seems daft to loan him if in reality she can't cope riding him then why risk him being returned if she's not in a position to have him back.

I have loaned my pony out twice in the past and he is by no means an easy pony but both the girls who had him on each occasion loved him and had alot of fun with him. I never intended on selling him anyway and he has been back with us several years now. We also took on another horse whose owner was going to have PTS after him being out on unsuccessful loans and them not being able to cope with him. That was 6 years ago (he is now 25). There is nothing wrong with him riding wise except he's eager (he's an ex-racer).

He is basically retired although gets hacked out once everyso often and loves it. Just cos one person doesn't get on with a horse doesn't mean another won't. I really don't feel this horse should be PTS - what has it done wrong?!
 
No we don't think he should be PTS either! Hence us talking her out of rushing decisions and suggesting other options for him.
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I put a fab mare on lwvtb, she came back injured (the caught in a fence and cut to ribbons type of injury - loaner/buyer went from impressed, winning/doing everything and saying how fab she was to dropping her off when I wasn't around) Took months to get her right, blemished too.

Never never again.
 
We have a 13.2 out on permanant loan. We used the BHS contract for the first two years,and now don't bother. I wouldn't recommend that generally,but our people are so devoted to "our" pony that they wanted to keep her,even tho' she had gone seriously lame,and really couldn't do anything much at all! Also we are in regular contact. When we were selling our 12hh pony years ago,we were happy for the pony to go out on trial for a couple of weeks.However,it was so distressing when she went and came back twice, because prospective buyers couldn't manage her, we said,"never again". We made every effort to allow the next buyers to do anything they wanted,took them to shows,schooling, lessons etc,so they had ample opportunity to ride her,on several occasions. They were happy,and kept her four years. Although if you are buying, a short trial seems a good idea, realistically as it takes (IMHO) at least 6 months to form a fair working relationship, you are better to have several test runs with instructors etc, and take it out in public if you can,before being brave enough to make a decision,one way or the other. We are selling a pony ATM (ok,trying!) and will do anything to help PB'ers make the decision,and support them afterwards,but he won't go on trial. Long term loan is different somehow. I also find it an appalling thought that someone could consider PTS for a perfectly healthy horse. If it was a total loon and a danger to others,and unrideable,then absolutely the right decision,but it doesn't sound that way!
 
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