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Stupid question about loans.

Posted By:

Blaise and Echo

I'm just curious about what I would do for payment. If you look at my reptiles, I have 4 female leopard geckos, and I would like to set up a loan soon for a male leo. What would I do for payment, or would we just work out a payment? What is a typical payment for a loan?

And just making sure I know how it works. I get in touch with someone, we work out payments, payment plans, shipping, etc., and then the animal is shipped to me. When I am done with him, I would ship him back. Correct? Would we split shipping costs, or would I just pay for it all?(another dumb question...)

Thanks again!


Points:	50
Topics:	General Health
Tags:	Loan
Species:	Lizards > Geckos > Eublepharis macularius
Administrative:	Show/Hide

Assisted Answer

8/6/2009 3:42:35 PM

JohnJohn

I have no idea. I've never done a loan before. But I'm curious what your plans are. You want a loaner male to breed with your females? Unless you have some really special breeding project in mind, why not just buy a male? Unless it's a really high end animal, you could probably buy a male for the same amount or less as the cost for shipping a loaner back and forth.

Author Comment

8/6/2009 4:16:58 PM

Blaise and Echo

Well, near where I live, I have Petco, and one other store, both of which only sell juvenile animals, so it is either buy an animal off the internet, plus pay shipping, or borrow one, and hopefully pay for shipping only, plus I think one of the more common payments are one of the offspring. I just want to make sure about some things, so I can figure out what I am going to do.

Accepted Answer

8/6/2009 6:05:49 PM

EricIvins

A breeding loan is an open invitation for failure..........Some work out, some don't. The majority the "work out" usually don't work out to anyones advantage.

This is how one works -

- I send you a Male ( my cost )
- You feed, house, and use his swimmers to "our" advantage ( your cost )
- We split half of the total offspring, or I get first pick plus 1/4 of the total offspring ( not really feasable for Leopard Geckos ), Or you sell all offspring and split the gross with me
- You send me back my Male ( your cost )

You are liable for my animal when in your possession
If you kill my animal for whatever reason, you owe me what he's worth to me - Market price doesn't matter

You need to draw up a contract that covers every angle of liability on both ends and make it mutually agreeable. Personally, I wouldn't do a breeding loan unless you were within walking distance of me. So many things can go wrong at any point of time............That's a breeding loan, in a nutshell..............

Author Comment

8/6/2009 6:18:19 PM

Blaise and Echo

Thanks for answering my question. I'm thinking it may be a better idea to just buy my own male. Like you said, too much can go wrong.

Member Comment

8/7/2009 9:21:27 AM

JohnJohn

I totally agree with Eric. I think it could work out if it was not a far distance. I've discussed and considered possibilities of breeding loans in the future, but that is with a few people that I know very well, consider as friends, and are easily within a short driving distance....no shipping. I think a loan with someone I don't know, involving long distances, could go well, or could very well end up a disaster. The only reason I would ever consider that is if it were really a special, one of a kind animal. If your plans are for breeding something that is relatively common, you would be much better off to save a few bucks, make a fun road trip to a reptile show somewhere and try to pick up a nice male of your own. Road trips to reptile shows are fun!

Member Comment

8/9/2009 2:56:46 PM

aaron

I've had many successes with breeding loans.

And many failures.

I'd have a problem sending out Minnie again (she was a pet and got knocked up with a calico male, which was a great loan)... she's just too much of a pet and loved chondro, so when she dies I want it on my watch/by my hand. Because when you loan out animals, that's always a risk.

I don't do the liability thing, and I don't know many people who do. That's a recipe for a destroyed friendship if anything happens. Obviously if it's negligence that's one thing, but if you trust the persons' husbandry practices and the animal dies, it's likely that either a.) the shipping caused it and downhill from there, or b.) the animal would have died anyway. Again, if you send an animal to someone and their entire collection gets wiped out or something like that, yeah, yours is a casualty. But I'd never take financial responsibility for the animal if it were normal circumstances. These are animals that are overall fragile, our vet care and how far its come is somewhat a joke, it's quite simply a risk.

Make sure to cover vet care as well.

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