Loan with view to buy

[Lottie9]

Hello all, I'm new around here and on the look out for my first horse. Ideally I'd like a loan but I just can't seem to find the right horse.
How exactly does a 'loan with view to buy' work?

Thanks,
Lottie

 

[CNcoyote]

The great thing about loan to buy is that you really get to know the horse before you buy it so you can always drop out if it isn't the right horse for you. Noe, I dont know what your horse standards are but is their a possibility they could be too narrow? If so try broadening your standards. Also, with the situation u are it is really easy to become desperate. Don't just buy the first horse you see because it matches your criteria. This is one thing I don't like about the loan to buy because it locks you into one horse and you start to get attached preventing you from looking at other horses. When buy a horse you want to be as emotionally DETACHED as possible because that is what leads you to buying the wrong horse. Hop this helps

 

[JillA]

You have a period of loan and you agree the period and the price at the outset - that way you get the benefit of any improvement and lose if you mess the horse about. Both you and he loaner need to ensure it is the right horse for you to avoid him going back, most horse owners want to replace a sold horse as soon as the current one has gone but if you keep fairly closely in touch you should both have an idea of how it is going.

 

[Meowy Catkin]

It will be tough finding a LWVTB as many owners won't consider letting a horse leave their yard without the full price being paid. This doesn't mean that the horse is definitely dodgy. There have been enough scary threads on here about LWVTB going awfully wrong (loaner hammers horse and then sends it back lame, for example) to put many off, including myself.

 

[Lottie9]

Thanks very much all, I'm not sure it's for me as I'm not ready to commit to a purchase up front, hence the preference for a loan. That sounds more like a trial, I thought LWVTB was more like a loan but the option was there down the line. I'm really hoping some uni freshers decide to start advertising soon!

 

[Meowy Catkin]

Both trials and LWVTB is a risk for the owner that I wouldn't take if I wanted to actually sell the horse at the end of the trial or loan. I'd much rather a normal sale.

 

[Lottie9]

Yeah I agree, too many blurred lines either way.

 

[FestiveFuzz]

Just wanted to say not all LWVTB go wrong.

I had H on a 6 month loan before buying him. We used the BHS loan agreement and agreed I would insure him during the trial period. He'd effectively been a field ornament up until I took him on so this way it enabled me to get him fit without any nasty surprises had it turned out there was a reason for him having not been ridden.

I paid the agreed price at the end of the trial and still send his seller regular updates on our progress.

So it can work

 

[MiJodsR2BlinkinTite]

Both trials and LWVTB is a risk for the owner that I wouldn't take if I wanted to actually sell the horse at the end of the trial or loan. I'd much rather a normal sale.

Agree. Having already had a previous "loan" disaster with my boy; TBH I wouldn't want to complicate things even more by offering LWVTB added on top of what can already be quite a complex - and risky - situation.

A "trial" is one thing; LWVTB another. Both risky, the latter something I would never consider. A good horse can be ruined in just one session with an unsuitable rider. No thanks.

 

[Lottie9]

Oh don't say that or I'll end up buying at this rate!