Leasing for the first time--am I getting screwed?
 
 

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Leasing for the first time--am I getting screwed?

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    09-15-2012, 09:26 PM
  #1
Foal
Unhappy Leasing for the first time--am I getting screwed?

Hi all, I'm a new user, but I've been digging around a bit and I thought it was time for me to register and talk to some horsey people. Here's my situation:

I've been taking western riding lessons for a year and I've talked it over with my instructor and he thinks I'm capable of doing a half-lease on a school horse. It would be for 3 days a week, plus the cost of lessons. My goals through leasing would to gain more confidence both in and out of the saddle-- nothing fancy, just some extra practice.

Anyway, I've been doing a lot of research online, calling around to other barns in my area (Northern New Jersey) and it seems that the going price range for a half-lease is $200-$350. Which would be totally fine with me, except that I was informed to lease my lesson horse, it will run me $500/month + $140 in lessons.

I don't know any other horsey people and I was hoping that my instructor would guide me in my best interest, but I can't help but to feel like I'm getting screwed. Are you able to negotiate the lease of a school horse or is that bad form? Help.


Thanks!
     
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    09-15-2012, 09:34 PM
  #2
Foal
$500 is a lot, im 10 mins from jersey, for a 3 day lease (being able to ride 3 days a week) should be $200 plus lessons but it should be only 1 lesson a week. Usually a half lease is half the board because your partially using the horse. Hate to say it but $500 is much for a half lease, that's high for a full lease.
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Puddintat and Cinder like this.
     
    09-15-2012, 09:37 PM
  #3
Yearling
I have half leased and full leased my WHOLE life until I finally finished grad school and was able to buy my own horse. You're in NY, and I ride out in NY every year so i'm pretty familiar with prices in the area. With that being said... a half lease should be: Half board, half shoes, half training, half vet care. Hopefully you're at a facility that is all inclusive where the feed is part of your board. Otherwise you're paying for half feed and even half shavings for stalls. Which can all add up very quickly. In my honest opinion, it is really great to half lease your trainers horses... and not some private person. But just make sure that before you sign any lease agreements, that you know exactly what you're paying for, how much these things normally cost (if you were paying for them in full), and whether or not it's really something you're ready to pay for. My BIGGEST suggestion is: Don't pay a lease fee. Ever!
     
    09-15-2012, 09:50 PM
  #4
Foal
We are going to be leasing for my daughter in a month and her terms are 3 riding days a week with one of the days being a lesson day. $265 for a month.

$500+ does seem high
     
    09-15-2012, 09:56 PM
  #5
Super Moderator
Around here, a half lease of a school horse would be about 300. Then a lesson a month add another 60. Some places just charge the 300 and include one lesson in that price.
     
    09-15-2012, 09:59 PM
  #6
Weanling
I pay $250/month for board and $65/6 weeks for shoes for Dancer. I charge my leasee $150. She technically has set days but truthfully she can pretty much ride when she wants to.
     
    09-15-2012, 10:15 PM
  #7
Started
Seems too high to me as well. I'm looking to part lease my TB(3-4 days/week riding) and I'm only asking 300
     
    09-15-2012, 10:22 PM
  #8
Super Moderator
Quote:
Originally Posted by Puddintat    
I pay $250/month for board and $65/6 weeks for shoes for Dancer. I charge my leasee $150. She technically has set days but truthfully she can pretty much ride when she wants to.

That's a sweet deal for her and you are pretty generous there. Is it working out? Is puddin liking the extra riding and benefitting from it?
     
    09-15-2012, 10:53 PM
  #9
Foal
So the general consensus seems to be that $500+the cost of lessons is too high for a half-lease on a school horse. Is it worth it to negotiate, or should I take my business elsewhere?
     
    09-15-2012, 10:57 PM
  #10
Yearling
Sounds pretty high. I paid $265 for 3 three days, plus $200 a month for lessons. I also paid $50 per month for farrier services. I could take her to shows as well.
     

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advice, beginner rider, costs, lease, leasing

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