buying a horse - The Horse Forum
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

LinkBack Thread Tools
post #1 of 7 Old 05-14-2008, 12:46 PM Thread Starter
Join Date: May 2008
Location: Halifax, Canada
Posts: 45
• Horses: 0
buying a horse

Ok guys im in a bit of a predicament here,
I am student so I dont 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 thats 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 dont 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?
rolf4life is offline  
Sponsored Links
post #2 of 7 Old 05-14-2008, 12:54 PM
Join Date: Jul 2010
Location: MD
Posts: 13,442
• Horses: 1
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'll happen.

Ride more, worry less.
PoptartShop is online now  
post #3 of 7 Old 05-14-2008, 12:56 PM
Join Date: Sep 2007
Location: New Jersey
Posts: 9,883
• Horses: 0
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!
appylover31803 is offline  
post #4 of 7 Old 05-14-2008, 12:56 PM
Join Date: Feb 2008
Location: New York
Posts: 2,672
• Horses: 1
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
SonnyWimps is offline  
post #5 of 7 Old 05-14-2008, 01:09 PM
Green Broke
Join Date: May 2008
Posts: 3,172
• Horses: 2
don't take out a loan.

Theoretically, it may make sense - BUT, with the time limitations 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 :)

Justin (qh/tb)
Boo (asb)
kickshaw is offline  
post #6 of 7 Old 05-14-2008, 01:22 PM Thread Starter
Join Date: May 2008
Location: Halifax, Canada
Posts: 45
• Horses: 0
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 dont 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.
rolf4life is offline  
post #7 of 7 Old 05-16-2008, 08:10 AM
Join Date: Feb 2008
Location: PA
Posts: 28
• Horses: 0
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.
elfinstar is offline  

Quick Reply

Register Now

In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome