Pros & Cons Of Loaning?

[Tinker_Belle]

I've had experience of loaning animals out but it's always been to friends & I've never had a horse or pony on loan.

Can anyone give me any experiences of theirs or anything to consider when taking an animal on loan?

Obviously all loan contracts differ & I'd find out what exactly was required from an owner before taking anything on loan but I'm just looking for general advice & experiences.

I'm only looking to loan a general, confidence giving pony of about 13hh/14hh to hack on, have lessons on & maybe the odd local show or comp so it would be nothing major. I also know it's going to be a bit like looking for gold dust too!

If anyone has any advice or anything to offer, I'd love to hear

Thanks for reading

xx

 

[merlinsquest]

Pro..... you can send the horse back if it all goes tits up or you run into any difficulty.

Con.... they can reclaim the horse at any time despite the time and attention that you have lavished on it. Even if you have increased the value of the horse you will not benifit from it

 

[spotsmum]

pro- dont have to lay out cost of purchase, and can send back if its not what you want.
Con- All the time and effort you put in to someone elses horse, and you may get very attached to it -lots of heartbreak

 

[Tinker_Belle]

The pro you've quoted is one of the biggest reasons I'm inclined to loan than buy.
It's a very long story but basically, since medical probs last year & no riding for around two years or so, my confidence has hit absolute rock bottom in the saddle. My pony in my sig is lovely, but headstrong & can be a handful once you're in the saddle. She is on long term loan to a friend of mine who is having a ball with her.
If things changed with her financial situation then it would be no problem having Sunny back as I could support two animals. But if I ended up with Sunny back off of loan & my financial situation changed then I couldn't afford to keep two. At least if I loan then I have the option of handing the animal back to the owner should my financial situation change.

Plus, to fund the buying of an animal rather than loan then I'd have to sell Sunny which I couldn't do. I'd rather not ride than have to sell her!

I've just read that back & I'm really not making myself very clear today! Sorry

I know what I mean though!!

As for the cons.... I'm guessing that that's a risk you'd have to take really.

Thanks

 

[Tinker_Belle]

[ QUOTE ]

Con- All the time and effort you put in to someone elses horse, and you may get very attached to it -lots of heartbreak

[/ QUOTE ]

I would be inclined to go for a long term loan rather than a six month type loan.

One question, if you sign a contract with the owner & with both parties specifying it's a long term loan, IE; over 12 months. Then I'm guessing that the owner could still ask for the pony back after six months if they so decided or wanted?

 

[Ellie92]

i agree with the cons, simular experiences with loaning, one day your all happy with the horse everything going fine the next you find out the horse has been put up for sale with out you even being told until a potential buyer is coming to view your horse...its very heartbreaking