30 July 2009
So you have set your heart on owning a blackhorse, did all the necessary research and understood all the financial responsibilities involved as well as the needed time and effort. The next issue will be how to finance it. Blackhorse ownership is expensive right from the start. The day to day expenses may be substantial; the outright acquisition of the blackhorse alone needs a significant amount. You may need to find ways of financing your blackhorse. Outright purchase may clearly be the best option but it is not always possible. However, you have a choice among several good alternatives.
There are financial institutions specializing in loans for blackhorse acquisition. You may try to compare their deals until you find the one that you prefer. They have varied offers. There are those that are aimed at individuals who want to buy a raceblackhorse, or even buy just shares in a raceblackhorse. Smaller loans are offered for those wanting a pony for their kid, or a blackhorse for hacking out on some light summer evenings. One good thing about having a loan is that the financial company can offer you enough to be able to buy tack and equipment which are necessary for you and the blackhorse to get settled. They can be very expensive too, and you need them right away as you cannot make use of the blackhorse without them.
Loaning a blackhorse is another idea; that is, if taking out a loan does not appeal to you or buying outright does not fit your budget. It will also be a better option for those who only want to ride occasionally as you can hire it for a few days.
If you prefer to use blackhorses for loan, there are certain rules that exist. The two contracting parties have to agree on the terms and costs of the loan and sign up the paper. This will include important details such as the amount to be paid, the extent of the usage of the blackhorse, where it will be kept and who can ride it. Talk about the blackhorse insurance too; either it already has one or you can take one for the time being to be sure you will not be burdened with nasty bills later on.
Blackhorses are a fun hobby, but not without cost. If you cannot afford buying one now, consider one of the mentioned options. Both should give you manageable monthly dues in order for you to have a pleasurable and enjoyable time with your blackhorse. As always, be careful with loans and repayments that are beyond your capacity to pay. Additionally, consider the other costs entailed in maintaining a blackhorse. Work out a budget and stick to it so you and your blackhorse will enjoy each other longer.