Putting a horse on lease or loan... what is the difference?

[_jetset_]

Please could someone tell me the difference?

Obviously, I know what a loan agreement looks like, but have never had anything to do with a lease so am unaware of what the main differences are between the two.

Is there a set criteria of the horse for it to become a lease?

 

[Britestar]

With a lease you pay the owner a fee for having the horse. Loans are usually free.

 

[TiaPony]

I do believe a lease is when you pay to loan a horse so the loanee pays the original owner for the privilege of having the horse. The loanee still pays for the horses upkeep as well as the 'fee' so a lease may be more appropriate for a high level horse.

 

[Bossanova]

Leases are generally for higher quality horses who have achieved in competition or valuable breeding horses

 

[_jetset_]

Thanks... that has helped.

So you would expect a decent competition record to credit a lease, or perhaps something like a school master who could teach someone a lot without any complications?

 

[Ferdinase514]

Money

I know someone who has recently leased a good PC pony out, but generally tend to be types that can go straight out and do job very well.

 

[_jetset_]

Thanks... that has sort of answered my question in a way FMcC

 

[madhector]

I have been leasing my pony out aparently he is worth paying for! lol

I think it is normally competition horses/ponies though that are leased, I tend to think of it as the ones without problems as most (not all I know) horses that are loaned have some sort of issue (or are old etc..)