Partial lease on a trailer?
 
 

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Partial lease on a trailer?

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  • Should I do a partial lease on my horse
  • Horse trailer lease

 
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    04-01-2010, 08:20 PM
  #1
Green Broke
Partial lease on a trailer?

After having to sell my own horse trailer over the winter, I am looking into having a partial lease arrangement with a neighbor to use her trailer for this summer - I'll be getting a new trailer myself later this fall. She offered me the arrangement - either a per month charge or else a per use fee and I return the trailer to her cleaned out etc. I am just wondering if anyone has had this kind of arrangement before, and what I should be looking into as far as what to have in writing, or if I need to do anything in terms of my insurance? She's got a 3 horse slant Sundowner, it's an older trailer but she keeps it in the barn and it's in good shape. It just sits, she never, ever uses it.
     
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    04-01-2010, 08:25 PM
  #2
Showing
It sounds like a great deal, but I would check with both of your insurace carriers. I would think it would work the same a rental car or moving van.
Personally I would go with a per use type payment. That way if you didn't use it for an entire month you wouldn't be paying for nothing.
     
    04-02-2010, 09:22 AM
  #3
Green Broke
I thought it would be like a rental car, but I am just unclear about the legalities. It seems like it should work though, there are rental places that rent out trailers right? I'll check with my insurance, I didn't think about checking with hers as well, I'll ask her to do that. Thanks!

I think you are right about the per-use fee, but I'll have to evaluate what the show/clinic schedule is for this summer with my son - I think in June and July there are several clinics that take place within those two months, so they would probably work out better to pay for the month there, if I want to let him go to all of them. He is not old enough to be allowed to compete at fair or anything yet, so I'd like to try to get him out as much as I can.
     

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