Leasing for the first time--am I getting screwed? - Page 3
 
 

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

This is a discussion on Leasing for the first time--am I getting screwed? within the Horse Talk forums, part of the Keeping and Caring for Horses category

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        09-16-2012, 12:03 PM
      #21
    Foal
    Oh, jeez. You've got a good point.

    I'm by no means a perfect rider, but I've got enough skill to be safe on the ground and in the saddle. I've never really felt taken advantage of until they told me what it would cost to half-lease the school horse. I felt like I have a good relationship with my trainer and that he would help me navigate some of this stuff, but my gut reaction was "Oh, god, he's in on it, too!"

    I'm taking a lesson and talking leases with a new barn today. Hopefully that will help me to stiffen my resolve and help me to move on.
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        09-16-2012, 12:15 PM
      #22
    Showing
    Good luck at the new barn today!

    Reading this thread has me thinking I'm a pretty darn nice trainer/coach. I leased my Hanoverian mare to my favorite student this summer (she wanted to have something a bit more competitive for the hunter/jumper portion of her fair) I charged her a whopping $1 Her dollar bought her a very good fair week and a pretty purple reserve grand champion penant.
         
        09-16-2012, 03:19 PM
      #23
    Weanling
    Personally, I think it's too much. Around here we can get leases for $100-$275 a month. Not including lessons or anything. I leased a barrel POA and all I had to pay for was her vaccinations (about $60) and hoof trims whenever she needed them. Plus they were already going to the shows so they'd just haul her right along with them for me. Where you live, how nice the facilities are and how nice of a horse it is all plays into it. So that may be normal for where you live.
         
        09-16-2012, 04:12 PM
      #24
    Yearling
    $500 for a half lease? She would want $1000 for a full lease.

    I haven't been to a single barn where board was $1000 a month.

    Its good to go to another barn and expand your options.
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        09-16-2012, 04:17 PM
      #25
    Weanling
    Copperhead's right- Look around at othe barns before doing anything.
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        09-16-2012, 04:32 PM
      #26
    Banned
    Sadly, I know of several barns where board is $1000./month or more, but those are top show barns.

    However, we're also talking about Northern NJ, which some pretty pricey real estate so I imagine board is pretty expensive there

    So I guess my question for the OP is, what does board at this facility usually cost? I can see a half lease being more than half board, if it includes shoing and worming or other incidentals, but to justify a half lease fee of $500.; board should be in the $700 - 850. Range. Is this schoolie wearing special shoes or on a lot of supplements? Getting injected with Adequan or Legend?

    Before you irrevocably sever your relationship with this trainer and barn, I would at least ask some questions. If anyone's offended by you asking why the fee is what it is, well, then, you do need to sever the relationship, so no harm done.

    But it's entirely possible that fee reasonably covers half or a little more than half of this horse's expenses. You won't know unless you ask.
         
        09-16-2012, 04:48 PM
      #27
    Foal
    These are all good questions. I will speak to the BO and ask him to break down the figure for me. Hopefully he's willing to work with me.

    As far as I can tell the mare is just a regular school horse--not a difficult keeper or any special treatment. If she is, and I'm unaware of it, I will ask if they can match me to a different horse or work with me on the price.
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        09-16-2012, 06:51 PM
      #28
    Weanling
    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.

    Its funny that you should ask, Tiny, because it isn't working out that great. My leasee has a tendency to not pay on time and I have to ask her for the money. This time it was on the 13th of the month. And she hasn't ridden in over 2 months. Also, she doesn't know as much about horses and tack as I had thought and gave me grief when I told her that her saddle doesn't fit Dancer anymore and she can't use it. She actually got pissy with me. The problem is that we've become friends and I do really like her. I'm to the point where I need to ask her if she intends to keep leasing or do I find someone else? I'm afraid I won't be able to find another person as flexible (she was really great until around June.) I really need someone to help pay for Dancer and keep him in shape.
         
        09-16-2012, 07:34 PM
      #29
    Yearling
    $500 for a half lease is a lot. I definitely agree that you should talk to the BO and see what's up.
         
        09-16-2012, 10:01 PM
      #30
    Foal
    Quote:
    Originally Posted by Puddintat    
    Its funny that you should ask, Tiny, because it isn't working out that great. My leasee has a tendency to not pay on time and I have to ask her for the money. This time it was on the 13th of the month. And she hasn't ridden in over 2 months. Also, she doesn't know as much about horses and tack as I had thought and gave me grief when I told her that her saddle doesn't fit Dancer anymore and she can't use it. She actually got pissy with me. The problem is that we've become friends and I do really like her. I'm to the point where I need to ask her if she intends to keep leasing or do I find someone else? I'm afraid I won't be able to find another person as flexible (she was really great until around June.) I really need someone to help pay for Dancer and keep him in shape.

    Wish you were closer Puddin! I'd love to half lease a horse on those terms.
    Puddintat and Cinder like this.
         

    Tags
    advice, beginner rider, costs, lease, leasing

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