Loaning help

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Bhorses

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After various pieces of information I am completely confused. When i go to uni next year i am thinking about loaning out my TB he is very well behaved and has has been competing at novice level dressage. My question is if i loan him and he is moved do i charge the loaner? or is it free. Thanks in advance :)
 
If its a full loan.
the loaded pays all costs. As if
the horse was theirs just without the initial purchase cost.
If its a share or part loan then you come to an agreed price to contribute to the costs in relation to how many days they do.
 
One of my ponies is out on full loan and the loaner pays for everything we don't charge her anything. She pays livery,shoes, teeth, vaccinations,saddle, back, insurance basically everything an owner would pay for.

We sent a few things with him like rugs but she bought him a new saddle and bridle, but most people do seem to send tack with them, we only didn't as she was happy to buy one and uses same saddle fitter as us.
 
I was looking to put my boy on full loan where he went away and I'd expect them to pay for everything like he was their own. You need to keep his insurance in your name and ask them to pay you by standing order for it every month. It stays in your name incase there's a pay out and you get the money. Also download a copy if the BHS loan agreement and make sure two copies are signed.
 
IF I was your age again and new then what I know now, I would sell the horse and put it towards my Uni costs. I do not want to sound negative but from the sound of it you have a good horse. How do you really know its going to be ridden proper, fed and looked after? Yes you may have a loan agreement drawn up but how many horror stories do you read about horses going out on loan and being sold on?
I would sell the horse, put the money towards the Uni costs and study hard and later on when you have the time and money buy another horse. After all the money is better in your pocket than someone elses.
 
I sort of agree with bobajob, after a few loans going very wrong I will never loan again and u hear of so many now being sold while on loan. I know u get good loan homes but I never have and all seemed such lovely people.
 
SNORKEY said:
I was looking to put my boy on full loan where he went away and I'd expect them to pay for everything like he was their own. You need to keep his insurance in your name and ask them to pay you by standing order for it every month. It stays in your name incase there's a pay out and you get the money. Also download a copy if the BHS loan agreement and make sure two copies are signed.
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Snorkey, why would the owner get the payout when the loanee has been paying the premium and would need the vets bills paying themselves and not to the owner, who has also passed on the responsibility of day to day care? Unless you mean if the horse dies of course?
 
No problem :) and selling is really a last resort he has many scars and a previous tendon injury so if anything was to happen to him i would never forgive myself and am already selling 2 others of mine :)
 
I think the insurance is best to stay in your name and payment to you by loaner.
I think SNORKEY is referring to a loss of horse claim and the sum insured going to the loaner.
I think it also depend if you currently insure or not.
We put a pony on loan years ago - they didn't insure her. One night we got a phone call to say she was dropped of and was tied to our yard gate and had colic! She did however recover and lived till her 30s. She also had some fantastic loan homes.
 
SNORKEY said:
I was looking to put my boy on full loan where he went away and I'd expect them to pay for everything like he was their own. You need to keep his insurance in your name and ask them to pay you by standing order for it every month. It stays in your name incase there's a pay out and you get the money. Also download a copy if the BHS loan agreement and make sure two copies are signed.
Click to expand...

Ditto this. You need to have the insurance in your own name (and pay for it) coz as said here if something happens to the horse YOU need to ensure you're paid out and not the person loaning basically!

You can come to what arrangement you like with the owner, i.e. they "pay" you for the insurance whichever way you like, BUT you need to make sure that the payment comes from YOU i.e. in your name, otherwise you could cause yourself problems.

Otherwise the loaner pays all other bills as if the horse were their own. I've got a loan agreement I did for mine (amended the BHS one) which I can send you by e-mail if it helps to give you some ideas as to what you might include.

There are two words of advice I can give you, having loaned my boy out I'd never do it again, ever. It is this:- "be careful".
 
Elsbells said:
Snorkey, why would the owner get the payout when the loanee has been paying the premium and would need the vets bills paying themselves and not to the owner, who has also passed on the responsibility of day to day care? Unless you mean if the horse dies of course?
Click to expand...

Last time we loaned a horse we insured it, but had to write a letter saying that if the horse was injured we would receive the payment, if it died, the owner (who we had to give a name and address for) would receive the payment..

OP be very aware that loans can be terminated at any time - the horse may be given back to you half way through a term, in the middle of winter, when you have no money, and you would have to take over costs and care...
 
Second post above basically: the numpty stupid girl that took my boy on last autumn suddenly realised only five weeks into the loan that we wasn't going to be able to afford it anymore!

So she then contacted me to say she was giving the loan up; just like that! :( I was in the embarrassing position further to that, to discover that since the horse had arrived at the yard, she had paid SWEET FA for his keep since the day of his arrival! She hadn't paid a penny for his keep, feed, or shoeing. The YO clearly expected me to pay it even though the horse was on a working livery arrangement and the whole thing basically got very fraught from then on.

I couldn't have my horse back immediately as I hadn't got a spare box for him at home; so we basically had to put something up temporary & speedily - and had him back as soon as it was done. I paid the YO from the time that the loan had officially "ended" but as the loaner was known to him and was a client of his yard/riding school - I left it that he would pursue her direct for the outstanding debt.

So what I'm saying OP is that you need to think about what happens if this happens to you; this little episode cost me an arm and a leg as I had to pay the YO for livery which IMO was hellish expensive for what it was (and he STILL expected me to pay for shoes even though the horse had been used in his riding school - I didn't pay!) PLUS had to pay transport costs to get my boy back as well as I don't have my own transport.

This is why I'd never loan mine out again; only did it the once and was mega-messed around.
 
I think with a full loan you can make any arrangement that suits you and your loanee regarding collection of your horse. When my old boy went on loan I dropped him off, it is only 20 mins down the road and I have a trailer so it cost me nothing, whereas his loanee doesn't have transport so it could have cost her quite a lot. It didn't cross my mind to charge her as I want to remain friends not nickle and dime.

I agree with everyone above regarding insurance, keep it in your name and agree to pay vet bills directly above your insurance excess. Then you can be involved in material medical proceedures - which I would want to be anyway. If the worst happens and they return a broken horse to you, you are fully covered with your ongoing insurance. My loanee pays direct debit the amount of the insurance each month just before the amount goes out of my account.
 
Bhorses said:
After various pieces of information I am completely confused. When i go to uni next year i am thinking about loaning out my TB he is very well behaved and has has been competing at novice level dressage. My question is if i loan him and he is moved do i charge the loaner? or is it free. Thanks in advance :)
Click to expand...

hi about loaning etc i am looking for someone who could ride my black reg dartmoor for me at shows and qualifiers etc she is called newoak twilight and is a lovely stamp of dartmoor and very sweet .any help or ideas thanks
 
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