Boarding VS leasing
   

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Boarding VS leasing

This is a discussion on Boarding VS leasing within the Horse Boarding forums, part of the Barns, Boarding, and Farms category
  • Horse boarding vs. leasing
  • Buying a horse board lease

 
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    11-20-2011, 01:21 AM
  #1
Foal
Boarding VS leasing

My daughter loves horses. She has been riding at a stable that charges $425 for boarding. We have the opportunity to buy the horse. She isn't into serious eventing or anything. Would it be better to just lease a horse? I am concerned we are taking on more than we can chew. :(
     
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    11-20-2011, 01:38 AM
  #2
Super Moderator
You're probably right. I mean , if you feel that way, you are probably right. Owning is much more involved than leasing and leasing is a good stepping stone to owning.

Or, you can be like me, who has never owned but leased many different horses. I am not advocateing it, but just saying that it's possible and not the end of the world.
     
    11-20-2011, 02:09 AM
  #3
Foal
I think that you can only answer that question, but when you have time, go to this link on my web site, scroll down to the bottom of the page and read,
Because my daughter grew up with horses..... It might give you some insight on what to expect...
     
    11-20-2011, 08:04 AM
  #4
Weanling
If you aren't sure, start with leasing. At least with a lease you don't have to worry about selling if you do find out that you've bitten off more than you can chew.
In the end, it's likely your daughter will prefer owning, because there's just something special about having a horse that is "mine." But you don't have to jump straight to that point now.

This might seem like a good opportunity to buy, but I wouldn't recommend buying a horse out of convenience. Look around at LOTS of horses before buying, at least 10, preferably more. I've seen it over and over where someone falls in love with their lesson horse, then ends up realizing it doesn't really meet their long-term needs.
     
    11-20-2011, 09:26 AM
  #5
Showing
Welcome to the forum!

Several questions.

How old is your daughter?

How long has she been riding?

How often does she ride or be at the barn?

What discipline is she training for or has a goal to?

I'm a life long rider and I've owned for over 30 years. I started English but switched to Western 20 years ago and that came after years of showing and a whole different mind set. My point is that what interests her now, may not a year from now.

For a relatively new/young rider, I highly recommend leasing for a year of more. This will give everyone the opportunity to learn about horse care, gather information about what to look for in a horse, and a much clearer idea of the expense in owning a horse beyond the initial purchase price and the board.
     
    11-20-2011, 12:20 PM
  #6
Yearling
If you feel you may be biting off more than you can chew, I'd start with a lease for awhile and see how things go. I started riding when I was 8, because my best friend owned horses. When I was 14, my dad leased a horse for me. I leased it for a few years, showed, took lessons twice a week, was very much into it. At 18 I went to college, and that ended my horse adventure until just his year at age 38! My dad was very smart in knowing that leasing was the best choice for our family, as when I went to college we walked away from the lease and he wasnt left with a horse to sell.

I currently lease, take lessons and learn everything I can while I prepare to finally purchase a horse in the next year or so. It has given me the opportunity to absolutely be sure I want the responsibility of ownership (which I do). Once again, its the right thing for my family, as the purchase of a horse is going to be a huge financial commitment for me, my husband and my kids.

Not saying leasing is the right thing for everyone, but it does allow a child to "prove" they are committed to caring for and remaining involved long term with the animal before jumping into ownership.
     
    11-20-2011, 12:55 PM
  #7
twh
Weanling
If you're concerned about biting off more than you can chew, I would recommend leasing, not buying just yet. That way you can get some insight on what's involved before plunging into horse ownership.
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    11-20-2011, 10:32 PM
  #8
Trained
I eased into it. I leased first. It wasn't enough control for me, so I bought and leased my own horse out on 1/2 lease to split the costs. When money and time allowed, I ended the lease and assumed full responsibility. If you cannot find a good lease situation, you can always lease your own horse out if find it too much $$.
     
    11-21-2011, 05:29 AM
  #9
Green Broke
You need to consider that in some leasing situations, you might be paying a board AND lease fee, depending on the barn and what horse you choose.

Another option is to co-board a horse. You get a set amount of rides a week, and sometimes the barn includes one lesson per week in the fee. The barn pays for all upkeep/vetting/farrier.

With some leases, you may have to take on part of the costs for vetting and shoeing.

If you choose to lease and it doesn't work out, you don't have to worry about selling the horse, and possibly any equipment you've bought for it.
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    11-21-2011, 11:46 AM
  #10
Yearling
Velvet makes a good point - there are different types of leases. Some are pretty spendy, others are pretty manageable. The first lease I had 20 something years ago was a really easy lease. My dad was to pay for half the board for the lesson horse at the barn. But, if I mucked all the stalls twice a week, they cut the lease/board fee in half. Nice set up for for parents!

Now, I pay half of the board, and half of all farrier. Its still a manageable amount for us. I get her for three days a week, and my lesson as well as able to show her.
     

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