Rent a hotse? Opinions please

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engab

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Rent a horse I mean - not Hotse! Hi there I am new to buying horses. I am currently loaning a 15.2hh cob but the lady wants who owns wants to return to riding and wants to cut my days down to 3. I am looking into buying but have only got a small budget (1.5k max) I have just seen an advert on horsemart for renting horses and wondered if any one has ever heard of this before and if so is it as good as it sounds? I have contacted the lady and she said a confidence giver cob would be £150 per month excluding insurance and would only have to sign up for 3 months initally to get used to horse etc. So horse would only cost me £450 and I would get a 3 month trial. She also said I would get the option to buy once I have saved up some more money and would take the first 6 months I have paid off of the price :-) so in theory would be getting it interest free and time to pay :-) does this sound too good to be true? All advice welcome please x
 
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Rent a hotse - lol :D

Rent a horse :confused: I have never heard of it, is the lady a dealer? are you sure it's not a scam? I suppose if it's all ok, it's not a bad way of getting to know your horse before you buy it.
 
No definately not a scam :-) she sounds nice. She isn't a dealer just has started up this rent a horse scheme. I have never heard of it either. I like the idea of getting a good trial and at the end of the day only costing me £37.00 per week! It costs me 25.00 for my part loan and I am always being told what I can/can't do. This way it will be like having my own horse but would still have to pay livery, insurance etc...
 
What sort of horse do you want? do you want to loan or buy?

Someone on here may know of a horse for you, I know of a couple for loan but it depends how experienced you are and where you are?
 
I am looking for a safe 1st horse. I need a good confidence giver cob type. Do not mind age. 15.1 - 16hh. I have been riding for 2 yrs and have part-loaned for the last 8 months. I like hacking low level jumping and I am in Basildon Essex x
 
I would be careful. I have heard of these schemes before. You are effectively paying to have a horse on trial if you end up buying it. if you are happy to do this - make sure you have a legally binding contract that shows that your rental payments will be taken off the AGREED purchase price of the horse.

What happens if you sign up for 3 months and the horse turns out to be lame, or a nutter - do you get your money back ? These are important questions.

The contract needs to be checked by a solicitor - no matter how nice you think this woman is, she is a dealer - otherwise she wouldn't be renting/selling horses. Being a dealer does not make her a bad person, but it means you have a legal come-back against her, if she doesn't tell the truth, and she needs to admit that she is a dealer. If she is trying to hide behind being a private person, then walk away. It is very hard to sue a private person in the horse world and if it all goes wrong, you could be left out of pocket.
 
yes i agree that I have to be careful hence why i have posted on here to see everyones thoughts. She wasn't really pushing the whole selling, she said that she would rather rent. She explained it is also for her too but has had everything set up with lawyer, insurance etc. Do you think £150 would be a reasonable amount to pay to rent? I have heard of people leasing and thought it would be the same sort of thing? but not sure how much people usually pay to lease?
 
so is it £35 per week PLUS cost of keeping - livery, feed, shoes etc? or is it kept at her place and you just ride?
if its the former it makes it a very expensive way of doing it, can you not put ads up for loan horses?
 
No it is 35.00, that's to take it to my own place. wish I could get one for 35.00 to keep at her yard! But its still a cheaper way of doing it as I haven't got 3.5k to buy a horse outright. I don't really want to loan again incase the same thing happens, and I only have a small budget to buy now - 1.5k, which wont really get me what i want :-(
 
I don;t mean to sound negative but if you only have 1.5k to buy a horse how are you going to pay if it needs e.g. expensive surgery?

Even if you buy a horse and decide to have it put down by injection rather than having it treated that can cost a few hundred pounds with disposal as well.

I'd urge you to consider a loan or share again.

Just because you are paying more to 'rent' this horse doesn't mean it can't be taken away at any point anyway. (The owner should insist on this to protect the horse.)

TBH this sounds to me like you paying someone to pay to keep their horse.

Save your money and get another share. It sounds as though you may have free time during the week so you should be able to find something nice and cheap where you do chores for the riding etc.
 
engab said:
Rent a horse I mean - not Hotse! Hi there I am new to buying horses. I am currently loaning a 15.2hh cob but the lady wants who owns wants to return to riding and wants to cut my days down to 3. I am looking into buying but have only got a small budget (1.5k max) I have just seen an advert on horsemart for renting horses and wondered if any one has ever heard of this before and if so is it as good as it sounds? I have contacted the lady and she said a confidence giver cob would be £150 per month excluding insurance and would only have to sign up for 3 months initally to get used to horse etc. So horse would only cost me £450 and I would get a 3 month trial. She also said I would get the option to buy once I have saved up some more money and would take the first 6 months I have paid off of the price :-) so in theory would be getting it interest free and time to pay :-) does this sound too good to be true? All advice welcome please x
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Put the link up so we can have a look. Someone may know her and be able to help with what sort of horses she has.
 
I take it there must also be a deposit scheme (returnable?) with this 'rent a horse'?
If so, is this in line with the value of the animal you have?
Also - who does the valuation for the insurance you will surely need to take out? Can you get short term insurance?

Just a few more questions I'd be asking :)
 
engab said:
No definately not a scam :-) she sounds nice. She isn't a dealer just has started up this rent a horse scheme. I have never heard of it either. I like the idea of getting a good trial and at the end of the day only costing me £37.00 per week! It costs me 25.00 for my part loan and I am always being told what I can/can't do. This way it will be like having my own horse but would still have to pay livery, insurance etc...
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I think it will cost you more than £37 per week as you haven't added on livery, feed, insurance shoes etc. I recon you would be looking at £112-£115 per week based on an average cost of keeping a horse of £300 pcm plus your 'rent'. Seems quite a lot to me for someone who appears to be on a budget. Its only worth it if a) you are 100% sure you will want to buy the horse at the end of the 3 months, b) the 'rent' you paid comes off the asking price, c) you have the horse vetted before you rent it and it passes. If it was me I would suck up the part share for now, put the money in the bank and buy a horse outright abit futher down the line.

Also if your part loan is cutting down your days I would be re-negotiating your costs with her too!
 
That's expensive! Round by me its £15-£20 per week. Personally I would stick to loaning if I were you.

If you do go ahead, consider who pays insurance, vet bills, farrier etc. You may get 2 months down the line and she may decide to have the horse back.
 
The Fuzzy Furry said:
I take it there must also be a deposit scheme (returnable?) with this 'rent a horse'?
If so, is this in line with the value of the animal you have?
Also - who does the valuation for the insurance you will surely need to take out? Can you get short term insurance?

Just a few more questions I'd be asking :)
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Yes you have to pay one month up front (returnable) you can give one months notice if you no longer want to rent the horse. She wants me to sign an agreement that has been written up by a solicitor. She would have to give two months notice to have the horse back. I would need to sort out insurance but that would be normal for any horse you loan? I know my budget is low (1500) but I do have a job with an income. I just feel that 150.00 is not much to secure your own horse and in 6 months if i want to buy it would be 900 cheaper! Therefore i am getting a good deal as if doesnt work out you have only lost the 150 which is not a lot to loose. She isn't going to want to rent horses not safe as she would be forever taking them back??? She couldn't just say you bought it you get on with it like a dealer?
 
mmmmm im not sure with this - prob my age lol - butit just doesnt sit right with me - rent a horse?? mmmmmmmm i would def get my own solicitor to look over any contract. but personally look out for another loan. carry on saving up money - hate to say this as sickens me to stomach - but there are some "bargains" ( omg that is so so bad to type) to be had - get a knowledgeable friend looking for you - get on local yards offering your servces mucking out etc - make new friends and your horse of your dreams may just be lurking there lol - sorry just not sure of this rent a horse thingy - i know yards do with hunters for the day but this doesnt sound right - maybe just me being a bit sceptic :) but hey good luck hun and your horse of youre dreams is waiting for you to find them and you will xxx
 
The Fuzzy Furry said:
I take it there must also be a deposit scheme (returnable?) with this 'rent a horse'?
If so, is this in line with the value of the animal you have?
Also - who does the valuation for the insurance you will surely need to take out? Can you get short term insurance?

Just a few more questions I'd be asking :)
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babymare said:
mmmmm im not sure with this - prob my age lol - butit just doesnt sit right with me - rent a horse?? mmmmmmmm i would def get my own solicitor to look over any contract. but personally look out for another loan. carry on saving up money - hate to say this as sickens me to stomach - but there are some "bargains" ( omg that is so so bad to type) to be had - get a knowledgeable friend looking for you - get on local yards offering your servces mucking out etc - make new friends and your horse of your dreams may just be lurking there lol - sorry just not sure of this rent a horse thingy - i know yards do with hunters for the day but this doesnt sound right - maybe just me being a bit sceptic :) but hey good luck hun and your horse of youre dreams is waiting for you to find them and you will xxx
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awwww thank you. hope so x
 
engab said:
No definately not a scam :-) she sounds nice. She isn't a dealer just has started up this rent a horse scheme. I have never heard of it either. I like the idea of getting a good trial and at the end of the day only costing me £37.00 per week! It costs me 25.00 for my part loan and I am always being told what I can/can't do. This way it will be like having my own horse but would still have to pay livery, insurance etc...
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She may sound very nice but most scammers do, that is how they fool people!

It may cost you £25 for your part loan, but do you have to pay livery, feed, forage, farriery and insurance too? You say this horse will cost £37.00 per week, now, assuming you have it on DIY you can expect to also pay:

£25 per week livery
Between £10-£15 per week feed
£15 per week Hay (at around £4 per bale)

plus

Approx £60 per set of shoes every six weeks
Between £30 - £40 insurance per month

This does not take into account any incidentals you may wish to buy for the horse - rugs etc

Does is still sound doable?
 
I would be very wary!Sorry! I would have thought you could find what you are looking for within your budget and then it would be yours. Or try and find another loan horse until you can save a bit more money.
 
I would be very wary. The ad says private sale, this is surely a business? Also alarm bells ring when the contact number is a mobile and the email address is a hotmail account. I agree with the earlier comment scammers always sound nice! There are lots of nice older horses out there within your budget. Good luck and be careful.
 
Bubley898 said:
I would be very wary. The ad says private sale, this is surely a business? Also alarm bells ring when the contact number is a mobile and the email address is a hotmail account. I agree with the earlier comment scammers always sound nice! There are lots of nice older horses out there within your budget. Good luck and be careful.
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Soory to sound thick here, but if i go and see the horse and dont hand any money over, how can they be scammers? A lot of people use mobiles with no land line these days?
 
Some riding schools have similar schemes, where you loan a school horse - it stays in the school, but you get extra rides, discounted lessons, can take it to shows or on hacks etc.

This on the other hand sounds like a total scam... even if you don't get overtly ripped off, it seems she is getting money for nothing - you basically pay for all the care for her horse, and then pay her for the privilege of doing so too as far as I can see? Have I got that right?:confused:

You could get a full loan, you could rehome a rescue horse from a reputable charity - they are not all broken, or crazy - or you could put all the money you would spend on this into an ISA or similar as a fund for buying one properly.
 
Spudlet said:
Some riding schools have similar schemes, where you loan a school horse - it stays in the school, but you get extra rides, discounted lessons, can take it to shows or on hacks etc.

This on the other hand sounds like a total scam... even if you don't get overtly ripped off, it seems she is getting money for nothing - you basically pay for all the care for her horse, and then pay her for the privilege of doing so too as far as I can see? Have I got that right?:confused:

You could get a full loan, you could rehome a rescue horse from a reputable charity - they are not all broken, or crazy - or you could put all the money you would spend on this into an ISA or similar as a fund for buying one properly.
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I can't really see it as a scam. It is very hard to have a full loan that is decent. i.e safe and no problems. I wouldn't say it is ripping people off, you get to ride and compete the horse and it saves buying a horse outright. At least you can still buy it after 6 months and the money comes off asking price. It's the same as saying you are paying a riding school for a ride on the horse? Or rent a car? the horse will still have wear and tear and I suppose that is what the rent is for, am i right?
 
I'd be very tempted to point you in the direction of the Thoroughbred re-homing people........

If you were my friend, I'd be saying 'Yes. Lets go for a nosey' but DON'T commit'.
Then I'd be dragging you to the various adoption places, pointing you in the pre-loved ads - and then advising you to go this route:
Pay less for your current share, save the money you are not spending - then wait till late autumn & get a reasonable horse from a Uni student or someone who cannot face payments into another winter.

Good luck, but sleep on any decisions................ :)
 
leasing a horse is not as uncommon you might think, but I have only know it to be for top class competition horses and ponies and stallions. For example someone might lease a top show pony for a season.

If it is the safe people then they are definitely dealers and they do state clearly that this is not a cheap option of having a horse. It would be cheaper to loan but I can see why people might be interested in this scheme as it does give you the option to try before you buy long term. However read the terms and conditions carefully as there may be a minimum commitment to leasing and you may be responsible for all vet bills whilst the horse is kept in your care and if the horses' value is decreased whilst in your care you may be liable. These people are business people and they will have thought of everything to protect their investments.
 
SO1 said:
leasing a horse is not as uncommon you might think, but I have only know it to be for top class competition horses and ponies and stallions. For example someone might lease a top show pony for a season.

If it is the safe people then they are definitely dealers and they do state clearly that this is not a cheap option of having a horse. It would be cheaper to loan but I can see why people might be interested in this scheme as it does give you the option to try before you buy long term. However read the terms and conditions carefully as there may be a minimum commitment to leasing and you may be responsible for all vet bills whilst the horse is kept in your care and if the horses' value is decreased whilst in your care you may be liable. These people are business people and they will have thought of everything to protect their investments.
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thanks everyone. definately something to think about :-)
 
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