Why is Sharing cheaper than Loaning or Buying?

[SamanthaUK]

Been cheaper than buying I understand but loaning? I always thought that was cheaper!

 

[FleabittenT]

Sharing is generally taking on a proportion of the riding and care - often for a set number of days per week - and therefore a contributing a proportion of the cost of keeping the horse.

Loaning is generally taking full responsibility for the horse, and therefore all of the costs, without actually buying him/her.

So yes, sharing is generally the lower-cost option

 

[Wagtail]

When you share you usually just pay a small amount per week towards costs. When loaning you are responsible for ALL costs so it's the same as buying accept you don't have the initial outlay of the price of the horse.

 

[LaurenBay]

Well loaning is more expensive, as although you haven't had to buy the Horse. You still have to pay for the upkeep. Shoes, feed, hay, livery etc. It all adds up. Alot like if it were your own Horse, just without the initial expence of buying the Horse at the start.

Sharing, prices can range. From either splitting the costs in halve, to a small contribution per day. For example, I shared before I had my own Horse.

Horse 1: Paid £20 a week for 2 days.
Horse 2: paid £28 a week for 2 days.
Horse 3: Paid £10 a week for 1 day.

Alot cheaper then having my own, or loaning.

 

[Zimzim]

Sharing is cheaper because the "sharers" are splitting the costs involved in keeping the horse. Or a sharer is making a contribution towards the keep of someones horse to enable them to have the horse for set days throughout the week.

Loaning a horse enatails the same cost as actually owning the horse - apart from the fact you havent had to source the money to buy it first. However, loans can vary.

 

[BentleyBelly]

I noticed your post before on what would be best for you to do....are you aware of the monthly costs of owning/loaning a horse? My pony is on DIY livery at £25 a week, you then have to add on the cost of hay, bedding, feed, shoes, annual jabs, dentist, back and saddle checks, tack, rugs, lessons and everything else that crops up. It adds up to about £240 a month for me and I have a very low maintenance horse. Therefore sharing at around £20 a week is alot cheaper.

ETA Just remembered insurance £30 a month too, and money put to one side for vets...it really adds up!

 

[Mlini]

I have a sharer that covers the cost of my livery (YO's OH) so she pays £135/month (in theory.. she obviously pays nothing because shes going out with the boss!)

If she was going to loan him from me: She would have to pay for all maintainance costs; livery £135, shoes (£60 every 8wks) £30, feed £40 etc. So £205/month for basics. Obviously there are other costs; rugs/vaccs/dentist/physio/wormer etc.. Not forgetting vets bills!

If she was going to buy him from me: She would have to pay out the same £205/month for basics but also pay for the horse in the first place.

So, it is a lot cheaper to share! I don't ask for any money from my sharer, as she covers the livery cost. Allthough she wants to buy feed next month - I won't complain!!

It works out cheaper for me to have a sharer... It helps a lot, especially when I have just bought new winter rugs and have the vet coming to do vaccs this week.

 

[SamanthaUK]

So sharings the best option then

 

[flowerlady]

Well it depends what you want. If you would need a backup for seeing to your horse if you were unwell then Yes sharing would be better. If not and you want to be able to ride without considering someone else and have full responsibility of bills the No.

Just depends what you want out of riding

 

[Miss L Toe]

Yes

 

[Tangled]

So sharings the best option then

Absolutely if your on a budget. I've always wanted my own horse, but unfortunately I simply cannot afford too. So the best way - for me - to get my horsie fix is to share!

I share a gorgeous Welsh section D for 3 days at £15 a week. This includes all chores and he is "mine" on them days. As from January I will be looking after him 5 days a week

Best place to look is on the preloved website - that's where I found my share

Good luck x

 

[rockysmum]

But the downside to both loaning and sharing is you need to find an owner who will agree to it.

Many owners are very picky about who is involved with their horses. For example, I believe you are quite young, I wouldn't want someone of your age unless your parents were also involved. That would be for a share and even more important if you loaned. I would want parents who understood that if something went wrong they need to foot the bill for vets etc.

If you buy you dont have any of this but much higher costs.