In a horse-buying funk :/ - Page 3 - The Horse Forum
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post #21 of 24 Old 11-06-2013, 11:41 PM
Join Date: Oct 2010
Location: North Dakota
Posts: 7,391
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I agree: do NOT do a loan if you can help it. It would be considered a personal loan and expect to pay 7 to 8% in interest. There are other ways to build your credit (like always paying off your credit cards every month) than taking a loan.

The co-ownership might be a plausible idea. Of course, just make sure no matter what you do (including making payments or else working off her price) that everything is in writing!!
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post #22 of 24 Old 11-06-2013, 11:46 PM
Join Date: Jan 2013
Location: B.C
Posts: 246
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Originally Posted by SorrelHorse View Post
One thing is that I would finish her and go hard to show her. She's a caliber of horse that is going to show Worlds and win lots, boss says so and I agree. She already pulls out bigger moves than some solidly broke horses. So it's one of those things where you need a big gun horse to win, and she's one of those big gun horses. She wouldn't just be my own pleasure mount like Selena, she'd be the one I put time into to make a serious competitor.

I sent an email to a gal I know who might be willing to pay half up front for a co-ownership, where I would still be putting time on her, show her, and then give her the breeding rights. She approached me similarly about a filly a year ago but we weren't in the position to do it then. I'm hoping her offer could be transferred to this little filly.
If you do decide to go this route of Co-Ownership, make sure you have a very clear and legalized contract between you and this other lady to make sure you don't get the S*** end of the stick.
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post #23 of 24 Old 11-06-2013, 11:50 PM
Join Date: Oct 2013
Location: LA
Posts: 63
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having just gone through a legal issue with a "friend" of 18 years, I wouldn't co own personally. If you do, have a full contract drawn up and have a lawyer approve it and notarize it.
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post #24 of 24 Old 11-06-2013, 11:55 PM
Join Date: Oct 2013
Location: U.S.A
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I have no advice in the way of what to do in this situation. If you don't ask, you'll never know. You have nothing to lose.

The only horse I actively wanted to own has been sold. Generally I'm off-standish and view horses as a financial risk too gaudy for my liking, but there's always going to be that one horse who proved me otherwise. I know how you're feeling. If you don't get her, there will be another. You're just going to have to enjoy her while you have her and appreciate her for what she is in your life - a mare you love dearly, and a dream horse. Get a lot of pictures of her. If you don't get her try to be happy in that someone else genuinely gets to appreciate her. It'll get better. :)

The path is different for you and me, but the journey begins in the heart.

Last edited by NeryLibra; 11-07-2013 at 12:00 AM.
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