buying a horse
   

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buying a horse

This is a discussion on buying a horse within the Horses for Sale forums, part of the Horse Resources category

    View Poll Results: Which route should I take?
    Expensive route (taking out a loan) 0 0%
    Cheaper route (buying something that works for now) 6 100.00%
    Voters: 6. You may not vote on this poll

     
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        05-14-2008, 12:46 PM
      #1
    Foal
    buying a horse

    Ok guys im in a bit of a predicament here,
    I am student so I don't have much money...which sucks but whatever.
    Anyways this summer I'm working and Im planning on taking a lighter course load next year at school which gives me more time + money which gives me a chance to ride! SWEET!
    I have so far calculated that I can afford to buy a horse that is around 3500, but I'm a dressage rider by nature and man...its friggin hard finding something that's descent around that price. I'm looking around but I don't see much at all. The occasional horse 10 year old here and there but nothing special. I was looking to buy something younger so that I can sell it for full price afterwards.
    I'm not sure if I should go the expensive route (and take a loan), its risky but I'll be able to make all of my money back plus some. Or just go with something that I can just ride for pleasure purposes. I want to compete though and I enjoy training. Unfortunatly I cannot afford to keep this horse for long, only a year which really sucks because I have to take up a full course load next year in order to graduate. Im in sciences so I don't have much time on my hands with my labs running till 5:30 everyday.
    I've always wanted to own a Hanoverian my whole life! Its my dream but they are sooooo pricey! I'm just scared that if I do get a loan and buy one something may happen to him/her and i'll be stuck in debt for 10 years after.

    This all taken into account what do you guys all think?
         
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        05-14-2008, 12:54 PM
      #2
    Showing
    I say go the cheaper route. ;) It's better for you. Leasing is also good.
    Don't worry, you have your whole life to get your dream horse...it'll happen.
         
        05-14-2008, 12:56 PM
      #3
    Trained
    Have you thought about leasing a horse? That way you could get almost any horse you wanted, be able to compete, but when next year rolls around, you don't have to worry about selling the horse.

    I'm sure you could even find a horse for lease that needs a little more training.

    I hope things work out for ya!
         
        05-14-2008, 12:56 PM
      #4
    Banned
    Personally I wouldn't take a loan out...there are lots of good horses for sale in CA that would make a great dressage horse...if you don't have enough now, wait a year and save up...that's what I did...I saved up all my money so I could buy the horse that I really wanted.

    THere is always a possibility that you won't be able to get what you paid for a horse or more if you try to resell them. Remember things can happen to the horse to decrease their value...lameness, scars (yes, sadly some people won't pay alot for a horse with alot or a big scar), hoof problems, etc.
    It's a risk if you go about it that way

    Will this be your first horse?
    My suggestion is to get a less pricey horse to see if that's what you want to do...taking care of a horse is a huge responsibility that not everyone can do.

    Buying a horse is a LONG term commitment...if you have to sell the horse in a year, why get it and have to sell it...not only will it be hard for you, but it will be hard for the horse.

    If I was in your shoes, I'd buy a horse after you are finished with school, that way you have the time and money to take care of one for a long time
         
        05-14-2008, 01:09 PM
      #5
    Green Broke
    Don't take out a loan.

    Theoretically, it may make sense - BUT, with the time limitations you have...you could loose a lot of 'good training/showing' time.

    If it were me, i'd buy a good looking younger (been backed, knows w/t/c) prospect that you can bring along. There are plenty of them out there; most of them not too terribly expensive (under $2000).

    Realistically though (and IMO), I wouldn't plan on "making money" with a sale horse...unless you keep them for a very short period of time.

    Good Luck and Keep Us Updated :)
         
        05-14-2008, 01:22 PM
      #6
    Foal
    Not my first horse, I owned a 4 year old TB for 3 years. I was moving countries and couldnt take him with.
    I was going to wait until I've finished school but I haven't ridden in such a long time and I miss it too much!!!
    I have thought about leasing but most if not all of the leases around here are 1/2 leases or 1/4 of a lease...which I could never do. I don't believe in 1/2 or 1/4 lease because it confuses the horse having 2 riders and 2 two different trainning techniques as well. The key to trainning is consistancy and its going to be alot harder with someone else riding him/her. I am personally not a fan of leasing. And to be fully honest I really don't want to share. It's a huge pet peeve. I want my horse to know me and me only. If I wanted to ride a horse once week, I might as well go to a riding school where the riders change on the hour.
    (I have leased before and it was not a pleasant experience.)

    My dad suggested the loan thing because if I do sell a warmblood, I will have money left over to invest in something permanent when I finish my degree.

    I'm at the point where im almost desperate for something right now, the horses I have looked into that were in my price range were either alot older (which makes it alot harder sell and I want to train) or just downright crazy. I saw a percheron cross the other day and I got on him, he walked for a few strides, bucked me off and ran to the other side of the arena, cantered through the closed arena door and broke it. He then proceeded to canter around the stable and back and slipped on some piping and fell on his left hindquarter and still kept on going! He was dangerous to himself and to me and way too much work. As much as I love to train I don't even think I would have enough time for this horse. I just can't seem to find anything. I was set on this horse and when he blew up like that it was such a huge disappointment.
         
        05-16-2008, 08:10 AM
      #7
    Foal
    I would not take out a loan for a short term horse. You might get him trained just the way you wnat and then have to sell him. Then you might not get your full price and you have the loan to pay back so I don't see where you will have any money to invest or help with school. If you know you will be selling in a year, get the cheaper model for now and save up for the dream horse for when you are out of school and making money and can afford what you REALLY want. I think by going into debt now for a short term horse will set you back more financially and be heartbreaking for you when you have to sell.
         

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