Tell me about LWVTB - what do you expect as the buyer/seller?

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Ginge Crosby

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My boy is up for sale, had numerous people asking about lwvtb and trials. How does it work? i've only ever sold outright before, and not sure i feel comfortable putting him on loans/trials. I don't want a broken horse returned to me, and I don't want him going MIA.
BUT
if someone comes to see him and they get on well with him (he isn't everybodies ride so it would be important for them to get on well with him from the off) and I felt comfortable that they'd be a good match, what are the general lwvtb/trial terms?
Is it acceptable to ask for a deposit, returnable should they decide they don't want him provided he and his tack are returned in the same condition as when he left? He would be insured throughout the trial/loan period, and I'd have contracts stating the terms. How long should the trial be? I'm thinking 2weeks-a month? Anything else to include in a contract?

I'd only let him go out on a trial/loan if I felt the owner and horse would get on well; i'm not desperate to sell so the right home is very much my biggest priority. But just need pointers before he goes anywhere! Any help appreciated :)
 
be clear with the potential buyer what exactly LWVTB entails - I knew of a case where the owner thought it was an extended trial period, so the horse would be either bought or returned at the end of the period (which wasnt actually defined) and the loanee thought it was like a normal loan but with the option to buy the horse if both parties decided that was what they wanted in the future. It caused quite a lot of trouble further down the line when the loanee decided they didnt want to buy the horse, but were happy to keep loaning it!
 
I'd only do it with something old/hard to sell. Specify the price, the length of the loan and at what point a decision must be made, who is responsible for transport to them and back etc. if they are local, loaning at your yard would be safer.
 
I have let the odd one go on trial, for a week at the most, last year one pony went LWVTB I think it was 2 months, always a deposit, a contract in place and terms clearly stated, they must be fully insured.
My main concern is the vetting, if they go away then get vetted after the trial period and fail it opens a whole new set of issues, my preferred route as a seller would be vetting then trial but most buyers would not like the commitment of paying for this before the trial, so unless I was selling something with special needs and low value that I could not sell without a trial I will not allow it, too much can go wrong and getting a damaged horse or vet failure returned that requires long term or expensive treatment is the risk.
Even if insured if something shows up at vetting the chances are the people that are trying the horse will not have cover to investigate or treat as it may be considered a previous condition.
 
Don't bother with it. My friend got stung big time. She put her mare out for 6 months on loan. Woman couldn't afford to buy her and only came to light when it turned out she couldn't pay the livery so the yard owner asked my friend to sort out the outstanding debt and get the horse back. So she used the deposit the woman had given her. Woman then stole my friends tack and disappeared off the face of the planet. 2 week trial at your yard is much safer IME
 
thanks guys. I would prefer him to stay at my yard on a trial, but would consider trials if he's staying in the county. I'd say he's not going to be the easiest to sell as he doesn't click with everyone. So he would only be going out on a trial if i felt that they got on well with him after a viewing, if its clear that they aren't going to get on (and you can usually tell within 5 mins of being on him) then he won't be leaving the yard.
 
It depends on the situation.

We currently have a pony out on lwvtb, BUT it is to somome we know (a member of my son's pony club). Before we let him go I got numerous references and went to visit the home.

We have a BHS loan contract set in place, but adjusted to the situation ie with a specified period of loan where upon completion the pony is to either be paid for or returned.

The 'loaner' is paying insurance and all bills such as shoeing etc and I have permission to go and check on him at any time.

However if the pony had been on the open market I would not have made this arrangement with a stranger, too risky!
 
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