Yikes... lease is too expensive.
 
 

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Yikes... lease is too expensive.

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  • Average cost of leasing a expensive horse
  • Leasing an expensive horse

 
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    01-31-2011, 01:14 PM
  #1
Weanling
Unhappy Yikes... lease is too expensive.

I didnt really know where to put this so I hope its not in the completely wrong place. So I've recently moved barns. I really like my new one even though I've only been once, but after my lesson I told the new trainer that I was interested in leasing a horse, since I don't lease key any more. Now I get a text the next day with a possibility. Naturally im really excited! SO he asks for my price range and naturally I ask him what boarding costs so I can figure it all out. Boarding is 450$ which already blows my whole budget. Then I get another call and I figure out the horse up for lease was ~750 a MONTH! YIKES. Holy goodness yall, so I was just kind of stammering "oh well that's more than we were thinking." and I told him my price range is more around 250 a month. IF a pasture board opens up, but theyre all full for now. AND I don't have a saddle so that's another expense to add it. So now im thinking this is just way more money than I was thinking and mabye ill just stick to his 3 lesson horses. But the thing is now im really embarrassed and I feel bad because he's working to find me a horse to lease and already has another possibility... So I guess the point of this is how do I tell him im no longer interested in leasing... and im 17 so its not like I can say moneys tight for me because its my parents money,its just way to expensive. So if anyone has ever had the same thing happen to them or if anyone has any advice,its greatly appreciated!!
P.s. Thanks to anyone who read the whole story
     
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    01-31-2011, 01:23 PM
  #2
Foal
I don't know where you are, but if you look online you can usually find horses that are free leased, and a lot of times pretty nice ones at that. I would try to find someone that is offering a free off farm lease. Which is where you pay board on the horse at your own facility and expenses, but the lease itself is free.

Hope this helps.
     
    01-31-2011, 01:32 PM
  #3
Banned
Be honest with him.

Tell him you are embarrassed and that at your old barns leases cost much less. That if he knows of anyone at this facility that has a partial lease for (insert amount you want to spend) then you are still interested in leasing but you are unable to afford those prices.
Thank him very much for the effort and tell him hopefully some day you will be able to afford that.
     
    01-31-2011, 10:26 PM
  #4
Green Broke
I would definitely be upfront and honest with him about where you stand financially, the sooner the better it sounds like! I always go through all expenses with someone before looking for lease horses just so they understand how much everything is going to cost. Saves me a lot of time and trouble! There are a lot of people who tell me they want to lease and then back out when they realize how much it is.

Are there any other options you could do? Our barn offers "half leases". Someone pays for half of all the horse's expenses and gets the horse 3 days out of the week. Makes it much more affordable for people and easier if the time commitment is a problem. Or possibly for you to work part of it off?

Where are you located? (you can PM me if you prefer) One of my best friends just had a baby and free leased her horse out, turns out the leaser just backed out and she's desperately look for someone to take her horse!
     
    02-01-2011, 01:36 PM
  #5
Weanling
Hey all!! Thanks for all the replys! So I texted him ( he's big on texting, and only answers his phone 1 out of 20 times) saying for right now it might be good for me to just try a half lease on one of the horses at the barn, if any are up for such. No response yet but I'm sure it's cause he's so busy. To everyone who asked I live in lower Alabama... Not exactly prime horse country *rolls eyes* and it makes finding a cheap lease hard to find.., if the horse has shown it's instantly 7,000 a year! You could buy one for that!
Posted via Mobile Device
     
    02-01-2011, 03:44 PM
  #6
Started
Yeah, I've never leased a horse for any price other than free. When it gets really expensive like that it just defeats the purpose of leasing imo!

A lot of people offer free leases! It's all a matter of using your connections and who you know. I got my western arab for free just because I know a lady who knows a lady who knows a lady... etc.

I can never find free lease ads on the internet, though I look all the time.
     
    02-01-2011, 03:55 PM
  #7
Banned
Eliz, are you talking about horses you ride for free or horses where you pay all their bills but no lease fee?

There is some confusion when people do not clarify what they mean by a free lease.


I think the OP is not able to afford full board and all the expenses so what most people consider a free lease (you do not pay the owner a fee for using their horse but you cover the horses expenses) might be too much for her.



I think there is a place for a fee lease. A good horse can do a lot for a novice rider. Paying the owner a fee to use their good horse works out well for both parties.
     
    02-01-2011, 03:57 PM
  #8
Showing
Look for college kids wanting to have their horses taken off their hands for a while. Winter is the buyer's market. Many college kids will free lease their horses out and even help pay for some of board.
     
    02-01-2011, 04:20 PM
  #9
Started
AB:
Both of the horses I leased in the past were on their owner's property, so I did not have to pay board.

The only thing I ever paid was if the horse needed a coggins or health papers before a show (they commonly had them already, I also never had to pay for regular farrier/vet visits), entry fees, or if I needed a different bit or something for the horse.

So when most people say free lease do they mean they ride/show/use the horse for free, but have to pay board and every other cost?
     
    02-01-2011, 04:23 PM
  #10
Banned
Quote:
Originally Posted by Eliz    
So when most people say free lease do they mean they ride/show/use the horse for free, but have to pay board and every other cost?
I think it depends greatly on your area and what type of riding you do.

I am just pointing out that free lease does not always mean free of expenses so be careful using the term unless you know that the person you are talking to means the same thing you do.
     

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