Spit That Out
Well-Known Member
Hi, I've been reading some threads lately that people have put their horses on loan, horror stories about sharers and people who loan/wvtb but one woman would only loan if the horse stayed on that yard, another loaned 2 days a week...is that not a share?
I thought
Loan - horse was full responsibility of the loaner, they could do what they want with that horse (within agreed terms) they pay the bills and have the responsibility of day to day care. The horse although isn't owned by the loaner treats that horse as if it was their own and keeps the horse where they like? Ideal for someone who can afford the time and money on a monthly basis but might not have a lump sum to purchase or if circumstances change can return that horse.
Share - horse normally stays with owner and the sharer contributes towards costs in turn for either a couple of days full responsibility of that horse to do as they please (within agreed terms) or turn up and ride? The days are arranged between owner and sharer and if so desired by the owner they could have a different sharer for the other days as well? Ideal for people on a budget i.e. can't afford the day to day costs of owning or maybe time poor so couldn't commit to full time owning.
Loan/wvtb - horse can either go with loaner or stay with owner but the loaner pays all costs and looks after the horse and after a pre agreed amount of time if the loaner wants to buy they pay the owner.
What's your interpretation of the terms share, loan, loan/wvtb?
I thought
Loan - horse was full responsibility of the loaner, they could do what they want with that horse (within agreed terms) they pay the bills and have the responsibility of day to day care. The horse although isn't owned by the loaner treats that horse as if it was their own and keeps the horse where they like? Ideal for someone who can afford the time and money on a monthly basis but might not have a lump sum to purchase or if circumstances change can return that horse.
Share - horse normally stays with owner and the sharer contributes towards costs in turn for either a couple of days full responsibility of that horse to do as they please (within agreed terms) or turn up and ride? The days are arranged between owner and sharer and if so desired by the owner they could have a different sharer for the other days as well? Ideal for people on a budget i.e. can't afford the day to day costs of owning or maybe time poor so couldn't commit to full time owning.
Loan/wvtb - horse can either go with loaner or stay with owner but the loaner pays all costs and looks after the horse and after a pre agreed amount of time if the loaner wants to buy they pay the owner.
What's your interpretation of the terms share, loan, loan/wvtb?
