trailer share where do I stand

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flutini

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I share a trailer with a friend. We haven't had it long but unfortunately my own mare is going to no longer have any use for it as she is only to be doing a bit of hacking in the future due to her having various health complaints/old age and I am now riding and competing a horse whose owner has transport already and I dont own a towing vehicle though she did say shed be happy to tow my mare if I put petrol in the car and I know a few people happy to tow. I have barely had any use out of it anyway at the time we bought it I was loaning the ladies horse under the impression I would be out competing him though this never really happened and as I was offered a horse on the same yard as my own to ride this made more sense and despite only doing it a handful of times often to shows she was doing anyway I think she doesn't really want to pick my horse up were stabled 10 mins apart getting a friend to tow is often out the question as shes always using it in fact theres a woman on her yard whose used it more than me and it's often lent out without my knowledge. I now obviously want out of arrangement trailers of low value around 800 shes offered to pay back monthly installments of 50 a month which is not really any good to me I've offered to buy out and I'll sell we just sell it and got no reply :( Dont mean to be mean I know it's not loads of money but I do want it back the lady has 2 horses and competes at least once a week surely if she needs transport that badly she could find 400 :(
 
Sorry, but without punctuation your post is really hard to read. I understand that your trailer partner will pay you back £50 a month, correct? Well, I'd take her offer because TBH many people haven't got a spare £400 knocking around. But £50 a month is manageable.

Also, it's not THAT easy to sell a cheap old trailer and you may find yourself hanging onto it a lot longer than anticipated.
 
sorry, same as above, really hard to read and understand. I take it that you both bought a trailer and then you don't use it but she does? Is that correct? But as she competes would still need the trailer? Is that correct? She may not have £400 to hand. I would have thought that as you no longer need the trailer, a £50 a month instalment sounds reasonable.
 
50 a month sound reasonable. As above, she may not have 400 to spare right now. And of course it's not your friends fault that suddenly you have no interest in having a trailer.

And as for her needing the trailer more than you - so should fork out 400. Well presumably neither of you could afford to buy and run a trailer outright. Hence the share.....

However, you must put a stop to the trailer being loaned.
 
Offer your share to the woman who is borrowing it without your permission.

Either way, say no more lending it out to anyone else without your prior agreement, as it is yours too.
 
What does your share agreement say about one of you wanting to get out?
Would the other lady that uses the trailer be intersted in buying you out?

TBH for all the hassle £50 a month is only 8 months and it could take you that long to sell an older trailer. Maybe go back an ask if she could afford £75 a month but she's got you over a barrel really as you can't go and get the trailer or use it so the ball is firmly in her court.
 
I think some of you are being a little harsh here. The OP bought half the trailer she now wishes to sell her half. If the person who has the other half doesn't want to or can't afford to buy it outright then they should advertise the trailer for sale and split the proceeds.
Why should OP have to wait 8 months for her money, what if the other owner damages it and renders it worthless.
I am assuming that OP and other owner are not good friends any longer otherwise OP probably wouldn't have posted this on an open forum. So until the trailer is sold I would suggest that OP works out a 50:50 time based deal and use is restricted to their timeslots, if the other sharer wishes to use it outside her timeslot then OP can rent it to her a £20 per use.
 
Didn't mean harsh in a nasty way, just unsympathetic !

Basically most of the responses were saying that she should suck it up and just accept the £50 a month.
 
How much either party of this joint venture uses the trailer or doesn't is irrelevant, what is only relevant is you want out of this arrangement OP. I don't see why you should have to wait 8 months for full payment at £50 a month?? Really? I'm sorry but if I were in your situation I'd be saying to your friend that she needs to get a loan to buy you out if she can't find £400 or you buy her out and sell the trailer yourself.
 
Lizzie66 said:
Didn't mean harsh in a nasty way, just unsympathetic !

Basically most of the responses were saying that she should suck it up and just accept the £50 a month.
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OP is the one changing the arrangement not the other party so she should IMO cut her some slack and take the £50 a month.
All the other party has to do is say no , half mine want to keep , then what will OP do ?
Op will find it hard to enforce the no lending rule its half the other ladies so she has no more or less say in than the other owner.
 
The problem with informal monthly paymemts is that so many people drop these if they are short of money and paymemt lapses after a month or two

I think i would call their bluff and offer to buy them out and sell the trailer - if they want it that much they may rustle up the money
 
Goldenstar said:
OP is the one changing the arrangement not the other party so she should IMO cut her some slack and take the £50 a month.
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Sounds to me as though they other sharer got OP to cough up half the money under false pretences. No sharing is going on. The other sharer is completing two horses at least once a week, I don't know waht at but say £10 per class and two classes each, plus minimally £20 in fuel, thats £60 per week. All she needs to do is not compete for 6 weeks and hey presto money found.

Goldenstar said:
All the other party has to do is say no , half mine want to keep , then what will OP do ?
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Not too hard, £25 to small claims court and force sale.

Goldenstar said:
Op will find it hard to enforce the no lending rule its half the other ladies so she has no more or less say in than the other owner.
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Again not too hard, purchase a trailer clamp and put it on for two weeks, then remove it for two weeks. Instant sharing.

Sorry but based on the position as we have been told, I have sympathy for both, but it sound as though the other owner is trying to get an interest free loan from OP. Sell the trailer and then they are both in the position they were in before they decided to enter the agreement.
 
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I think you should sell the trailer and give the lady half of the money minus advertising costs.

It's a bit cheeky to lend the trailer regularly without your permission and its a bit cheeky to use the trailer to compete weekly with all the costs involved and yet not be able to buy the share out.

Don't feel bad, you've been taken advantage of.
 
Lizzie66 said:
Sounds to me as though they other sharer got OP to cough up half the money under false pretences. No sharing is going on. The other sharer is completing two horses at least once a week, I don't know waht at but say £10 per class and two classes each, plus minimally £20 in fuel, thats £60 per week. All she needs to do is not compete for 6 weeks and hey presto money found.



Not too hard, £25 to small claims court and force sale.



Again not too hard, purchase a trailer clamp and put it on for two weeks, then remove it for two weeks. Instant sharing.

Sorry but based on the position as we have been told, I have sympathy for both, but it sound as though the other owner is trying to get an interest free loan from OP. Sell the trailer and then they are both in the position they were in before they decided to enter the agreement.
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Not sure what good going to court would do its a half and half share they are equal I am not at all sure a court will force a sale in these circunmtances op is free to sell her half if she can but it's not at all clear a court would force the other party to when it's op who wishes to change the agreement they had
OP can't clamp the trailer unless a fortnight each is what they agreed she can't change the contract they made originally I would if I where her talk to the other party and say let's not loan it out bit if the other party doesnot agree she will struggle in enforce it unless they had a prior agreement.
If I where OP I would try to push for quicker repayment if she can , I think £100 a month seems more reasonable both ways .
 
I'm presuming that there is no official written agreement as if there was then it would have included a plan for if one person wanted to opt out. OP you may find that you are worse off if u try and sell it as it may not get the amount u want and you may have fees to pay etc, I would try and either push for the payment to be increased, or try for a larger first payment followed by the £50. It's a hard one as she may fall behind on payments or only pay you when u ask for it every month. All I can say is if you ever go into a share again please have a contract that covers all eventualities including this one and including it not being borrowed
 
I had a friend that did lorry share and it all got very nasty. I would ask for the £400 as at any time the trailer could be damaged or just need a new tyre and will the cost be split. Also this is the best time to sell, she will need the trailer less at the end of the summer and there will be less incentive for her to buy it. If she's loaning it to someone else ask her to buy your share even if its for less than you paid.
In the mean time I would call her bluff and book your trailer out for a few weekends, take it off the yard, if its empty you will not need anything big to tow it and park it somewhere safe for the weekend, may make her think. I have a cheap trailer that I use for all sorts, none of them horsey.
 
I think I've been quite fair I've never had fair half usage of the trailer due to fitting around what shes doing my horse and hers always attend our local show yet this month with disappointment she had offered to take someone else as my mare was only doing the inhand. I'm happy to pay her back for her half in full or even take a couple of larger payments for my half I'm already taking less money than I have put in as trailer is insured for 1000 whilst we didn't pay this all the jobs it needed doing were split 50/50 easily add up to it but appreciate I should have thought more about this and so I'm happy to take a loss
 
I don't think anyone disagrees with you, it's purely experience on people part at how things can go and how difficult it is. I'm saying by selling u may not get the price you want and so may lose more as well as the costs of advertising or Ebay fees etc. If I was you I'd explain that £50 will take too long and ask for either more each month or a lump sum followed by payments, at the same time you could make the situation more difficult for her by using the trailer yourself and ensuring you go to the shows (tell her you are going and want use of the trailer until it is paid for) or have a friend come and take the trailer for your share. that way she will be more keen to pay up and have it to herself. but things can get nasty and its not the sort of stress you want. Go to her yard if you get no answer and talk to her about it, give her suggestions that give her choice but they are your suggestions that you would be happy with. she certainly should not be offering someone else a lift unless you have yourself offered.
 
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