Benefit of Leasing?
   

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Benefit of Leasing?

This is a discussion on Benefit of Leasing? within the Horses for Sale forums, part of the Horse Resources category
  • Benifits of leasing a horse
  • How to convince husband to lease horse for daughter

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  • 1 Post By Ashleysmardigrasgirl
  • 1 Post By apachiedragon

 
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    12-13-2012, 10:27 PM
  #1
Foal
Benefit of Leasing?

Okay, my husband and I (mostly my husband), are not very fond of renting/leasing anything. Seems like spending money with no possibility of return on the investment. So, what is the benefit of leasing a horse? Checking around on pricing, it would cost me around $500/month to full lease a horse and only about $250/month to board a horse I own (includes feed), plus other expenses (farrier, vet, teeth, etc.). I have the money to purchase a horse and enough for the added expenses, so what would be the advantage/benefit to leasing first? I am a beginner, but would have the horse at a boarding facility and be taking lessons, etc. It seems that most people recommend leasing before buying.
     
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    12-13-2012, 10:51 PM
  #2
Weanling
Well, horses will never be an investment you really make a noticeable return on. Once you factor in the cost of owning them you really stand to lose a lot more than the purchase price. The cost of doing what makes you happy and developing your skills as a horseman, priceless, to me. Leasing a horse is usually a cheaper, more surprise free way of owning a horse. You get to basically use a horse and get the feel of what it's like to be an owner for whatever schedule you agree to, usually for much less than the cost of ownership.

That being said if your financially able to support a horse (and are aware that at anytime you could have to deal with $$$$ in vet bills) and have the time to as well. I don't see why not; I wouldn't spent 500 on a lease, -shrugs- my opinion. I just wouldn't expect to come out even close to breaking even when it's all said and done.
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    12-13-2012, 10:54 PM
  #3
Foal
Well said, Ashleymardigrasgirl. Just would need to convince my husband of that, I guess.
     
    12-13-2012, 10:58 PM
  #4
Green Broke
The reason most people recommend leasing prior to buying, especially for a beginner is because you may decide in six months that horse ownership is not for you, and if you own a horse, you are then left with the responsibility of finding a new home for that horse, and in this market, that could take years. It releases you from being stuck in bad place where you are paying money for something you no longer enjoy or want to do. You'd be surprised how many people buy a horse and then realize they have made a mistake.

It also gives you a chance to see if you truly have the funds for all the unexpected expenses that pop up, without the long term commitment. And it's a good way to decide what you are really looking for in a horse. If you buy the first one that tickles your fancy, get it home and decide that you wish you had a horse that was calmer, or faster, or shorter, or whatever, then you are just out of luck, whereas, leasing one gives you the time to figure all that out.
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    12-19-2012, 06:44 PM
  #5
Foal
Just out of curiosity, have any of you purchased your first horse having never leased previously? Or, is that completely unheard of? I am understanding the reasons for leasing first, but perhaps that is not always an option.
     
    12-23-2012, 09:44 PM
  #6
Foal
I would highly recommend taking at least a year of lessons before you even think of leasing or buying a horse. Even with a lease if you decide you don't want to do it anymore you still have a lease contract and have to continue paying on it until the lease is up (unless you lease from someone really nice ^^).

I know plenty of people who have never leased but have owned many horses. These people had also been riding for years before they bought their first horse though. I have been riding for nearly 14 years and I still haven't bought or leased a horse. That is mostly because I don't have the means for it financially, but it just shows that you can ride 4+ times a week, and practically live at the barn without having to attach yourself to any bills :)
     
    12-23-2012, 10:17 PM
  #7
Banned
I totally get about not leasing, I'd never lease a car, it's a complete waste of money in my opinion. However horses are a bit different.

It all depends on your lease agreement, but usually you would not be responsible for vets bills. Farrier costs can go either way.

However, if you can board for $250 and are looking at $500 leases, you are looking in the wrong place for your lease, or looking for horses that are at a high level. There are usually a great many free leases available, or leases where you just cover the board costs.

The benefit of leasing is that you get to learn without messing up a horse that will ultimately stay with you. And you have time to figure out exactly what you are looking for/want with your riding goals etc.
     
    12-24-2012, 07:51 PM
  #8
Green Broke
5kiddos.. There is never enough money for the unexpected Vet bills. Never.
Don't expect your board bill to stay the same. Hay prices go up and liek everything else don't seem to come down much. Water prices go up. Property taxes go up . This all gets relfected in your board. If you board as an example for $250. Per month, that gets a pen and hay. If you need supplements that cost, farrier cost, wormer, teeth floating, if its a colic, then emergy fee, ranch call fee, exam fee, medications, tubing etc cost, then you may need to have the horse tubed more than once. Then there are the yearly vaccines, and with more and more diseases turning up, it can cost if you buy and give the vaccine yourself about 40.00 , if it is done by a Vet , you have the vaccine cost + ,the exam fee, the ranch call. You may have to pay additional fees for riding lessons. If you keep your horse for its lifetime your only return is the joy of it.
If you plan to sell your horse, do you really think you can get a return, If the horse cost 3 grand, and you keep it for 4 yrs and only pay the 250 a month board.. you cannot sell the horse and break even. .. There is no return on investment. You are lucky to get back the original cost of the horse.
     

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