What the ... loan prices?

SeasonalSituation

SeasonalSituation

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Okay total head against the desk at the moment and I don't know whether it is me or what?

As I am currently horseless (and hating it at the moment!) I always browse horses for sale or loan or share and usually end up drooling over some of the photos or the ones for sale. But what is shocking me is the high price of loans. One in particular is £150 a month for a 4 year old just broken in, andd only 3 days, and that does not include a weekend day.

I'm just a bit shocked, I thought loans we're a bit cheaper then that. But it seems that even when I am on a full time job I wont' be getting closer to a horse for a good long while.

Just wow at the prices though.
 
Some of them are having a laugh I think! Unless the facilities are full livery and amazing, or the horse is a posh competition type. Don't worry there are plenty of more reasonable ones, I used to pay 60 a month and now I have one free but only because he was up for sale and needed riding until sold, as it happens I think I am going to buy him anyway, and it won't cost more than 150 a month to keep him all to myself either as he lives out. Sometimes I think you're better off getting your own!
 
A true full loan is when you borrow the horse for free and pay for all costs yourself.

The above is probably all costs included to be kept at owners yard, which isn't cheap, but is cheaper than taking on a full loan :)
 
that is stupid money! my friend is looking for someone on week days only as well, which I've said is a bit unrealistic as most people work week days but she only wants about £70 a month to help cover costs! and because of what I have said, she is being more flexible about weekends!
 
I'd guess it would depend on the livery cost. My full livery for my horses is nearly £13 a day each, and that's before shoeing (if they have it) worming, insurance and any supplements or equipment etc. 3 days of my lad's costs in a 4 week month would add up to £155 without any of the above.

That said though I'm sure you'll be able to find cheaper if you keep looking, or maybe less days. Good luck with your horse hunting. :)
 
kerrieberry2 said:
that is stupid money! my friend is looking for someone on week days only as well, which I've said is a bit unrealistic as most people work week days but she only wants about £70 a month to help cover costs! and because of what I have said, she is being more flexible about weekends!
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£70 a month wouldn't even cover shoes for my horse (gets shod every month at £85 per set). Most horse owners also work week days too you know.

Neither would £70 a month get you a riding lesson each week.

Who's being unrealistic with that one?
 
Have you taken into account the cost and upkeep of the horse? If you are riding it 3 days per week, then you are persumably going to take care of it 3 days out of 7... £150 per month would equate to approximately £12.50 per day. My livery alone is £12 per day not including feed, shoeing, etc etc. If I was loaning out my horse I would expect the loaner to pay for the equivalent of it's daily care no matter what kind of horse it was.
 
Mithras said:
£70 a month wouldn't even cover shoes for my horse (gets shod every month at £85 per set). Most horse owners also work week days too you know.

Neither would £70 a month get you a riding lesson each week.

Who's being unrealistic with that one?
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yeh but it depends what you're getting for your money really! her horse lives out and livery isn't expensive, she is shod every 6 weeks, so not sure why £70 is unrealistic? she's not going to start asking for £150 a month when that is about what the horse costs her!

I think £70-£100 per month is what a lot of half loans are going for at the moment!!!
 
I used to part loan my mare out, £20 for 3 days a week, would charge £30 for something that they could jump/hack on etc. This is on DIY livery.
 
sitch said:
But what is shocking me is the high price of loans. One in particular is £150 a month for a 4 year old just broken in, andd only 3 days, and that does not include a weekend day.
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That doesnt sound excessive to me :o

Its a bit more than eleven quid a day, but £10 a day seems quite standard from what Ive seen around.
 
About 10 years ago I had a 138 pony on loan and the lady worked out exactly what the livery cost them, then charged me the exact right amount per day and it was £6 per day! Those were the good old days ha!
 
Mine lives out, doesn't have shoes but still costs me £500 a month!! DIY grass livery is £270 so sharers round here tend to pay £200 per month for 3 days a week. Depends on your area and livery.
 
Everyone has different views on this but as far as I am concerned if I had someone experienced exercising my horse for me, I woul probably pay them! People need to realise its not just about sharing your horse, the loaner is doing you a favour aswell! (providing they are experienced)
 
sitch said:
Okay total head against the desk at the moment and I don't know whether it is me or what?

As I am currently horseless (and hating it at the moment!) I always browse horses for sale or loan or share and usually end up drooling over some of the photos or the ones for sale. But what is shocking me is the high price of loans. One in particular is £150 a month for a 4 year old just broken in, andd only 3 days, and that does not include a weekend day.

I'm just a bit shocked, I thought loans we're a bit cheaper then that. But it seems that even when I am on a full time job I wont' be getting closer to a horse for a good long while.

Just wow at the prices though.
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I suppose that it depends on what's included. If that's for everything, livery, feed, shoes & insurance, i don't think that's too bad but a little bit mean not to have it include a weekend day.

Where abouts are you? I've got a little cob that needs someone to love & ride him for free..........
 
Ella19 said:
Mine lives out, doesn't have shoes but still costs me £500 a month!! DIY grass livery is £270 so sharers round here tend to pay £200 per month for 3 days a week. Depends on your area and livery.
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£270 for diy grass? where do you keep yours? thats more than I pay for 2 horse and 2 shetlands!!!!
 
I would suggest that part of the OP's point,is that as a just broken 4 year old, you would be putting in a lot of the work, and if you can't have a weekend day, then you can't compete, so are paying to school somebody elses horse for them to have fun on.
As I rent a field, which is £200 a month spit 6 ways, and have my horses shod about every 6 weeks, at no more than £55 a set, for me £150 would be a bit steep, but horses for courses, it depends on the set up.
My last sharer used to pay for shoes, and the wormer, and buy the odd bag of feed.
 
ItsJzo said:
Everyone has different views on this but as far as I am concerned if I had someone experienced exercising my horse for me, I woul probably pay them! People need to realise its not just about sharing your horse, the loaner is doing you a favour aswell! (providing they are experienced)
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Not the same for everyone. Some people only share because they need a financial contribution, or else they wouldnt be letting someone else ride their horse at all. The 'favour' is monetary, not the horse being exercised in many cases.
 
Sorry for double post but just too add - if you have a horse and ate unable to care for said horse yourself, then charging someone else to do your work I think is odd. I wouldn't take a horse on knowing I would have to part loan and then expect someone to pay for my lack of responsibility of that makes sense? Although I only say this lightly as I myself have someone feed my horse for me and exercise him lightly, but I offere to pay her as she is doing what I can't therefore benefitting my horse so really I am grateful to her :)
 
To me, the idea of a loan is free, the loanee pays all costs.
A lease is where you pay a fee.
A Share is where you do just that :)

I wouldn't consider paying (in this area) over £50 p/m for a share unless it was of something of huge quality. Generally it seems if you are leasing, you are leasing quality so that makes sense.
 
zaminda said:
I would suggest that part of the OP's point,is that as a just broken 4 year old, you would be putting in a lot of the work, and if you can't have a weekend day, then you can't compete, so are paying to school somebody elses horse for them to have fun on.
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True. But theres nothing to say whether you have a weekend day or not you would be permitted to compete the horse.
 
Capriole - yea I can appreciate that but I just think some people expect ridiculous amounts of money and forget that their horse is benefitting are are they from the agreement - a full loan on the other hand is different, the loaner should and would be expected to pay full costs!
 
It does state no weekend day.
My sharer benefitted rather more than I did from my pony, I had been teaching her on him, and they insisted on paying me, so I suggested she share him instead, as he is a spare(currently out on loan)
 
I don't think sharing can really be compared to lessons, lessons are v expensive so I prefer sharing but would still love to be able to afford more lessons on top of that. As said before most people want a sharer to get the horse more exercise, I wouldn't pay 150 a month to hack! However if it was on a comp yard or something with facilities and access to a trainer, I can see why someone might want to do that instead of have their own horse as that would cost hundreds for your own. I think it should be relative to what horse costs including shoes etc. Chores expected should also be taken into account although I have always paid and done all chores too because I like to.
 
I have shared various horses of all shapes and sizes for the last 5 years and average price is around £100pcm for 2-3 days a week. For most of these I would also poo pick, muck out, do feeds etc as well. I tried a lovely horse out a while ago but the owners where looking for (hold onto your hats people) £250 a month for 2 rides a week!

Yes £30 is cheaper than a lesson at most riding schools round here but with riding schools you don't have the commitment of paying that every week, you can ride a variety of different horses and you get instruction as well.

I don't see why the sharer should have to pay half the costs. Most sharers already do free labour (which the owner would otherwise have to pay for by paying extra for part livery) and paying some form of financial contribution is also fair (towards shoes, any extra feed etc).

But for sharers to pay half they should also have half the say over everything else such as where the horse is kept how it is managed etc so literally being a part owner rather than just a sharer. And payin over half is just ridiculous I have seen ads for children/teenages ponies at £150 a month for 2-3 rides a week and all stable duties expected as well! Some people are just looking for someone to pay a majority (if not all) of the bills for them!

-rant over- lol at the moment I am sharing a lovely pony with no financial contribution and no chores required just tack up and ride think I have fallen on my feet lol.
 
Having added up what my boy costs me per month I wouldn't have said £150 per month is too unreasonable...

£140 DIY Livery
£45 Bedding
£90 Hay
£55 Feed (inc Supps)
£20 trim
£5 worming
£45 Insurance

Thats £400 without extras like the below - all typical of my boy:


£??? Vet
£70 Chiro at least twice yearly
£70 Dentist twice yearly
£45 + Saddle fitter at least yearly (growing youngster)

If you don't want the pleasure of bringing on someone elses 4 year old, you don't have to do it but think of what YOU can gain from the experience and what you can give the horse rather than what the owner of the horse can gain.... such a valuable experience :)
 
Thanks for the reply guys, its nice to see some different opinions about it that I haven't considered.

My main problem with it as someone also noticed is the fact that particular one is just broken in, so that means a lot of work with have to be done for the particular one. It just seems shocking to me, having to pay that much for the pleasure of working hard on someone's horse. I just don't really get it.

For that kind of price I would expect at least a weekend day and the potential to compete (at my own cost).

Oh and I am in west yorkshire if that makes a massive different towards prices.
 
ljpinkhorse said:
And payin over half is just ridiculous I have seen ads for children/teenages ponies at £150 a month for 2-3 rides a week and all stable duties expected as well! Some people are just looking for someone to pay a majority (if not all) of the bills for them!

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I think this just illustrates that there is a lot more to having a horse than many people think - for some, having a horse is a real luxury and for some it is one they can't strictly afford but they still do it for the love of the horse - hense needing a sharer to help with the costs... similarly, most sharers don't have their own horse either because they don't have the finances to cover the cost of running one all on their own or they don't have the time to look after it (which would mean additional costs in the form of livery fees or indeed getting a sharer of their own if they did have their own horse)
 
sitch said:
My main problem with it as someone also noticed is the fact that particular one is just broken in, so that means a lot of work with have to be done for the particular one. It just seems shocking to me, having to pay that much for the pleasure of working hard on someone's horse. I just don't really get it.

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If you've ever improved a horse - whatever it's age, you should be able to understand the great pleasure that would bring you as a rider... forget about what the owner would gain...
 
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