Okay. I guess for those of you who do not understand how a nationally competing level A Circuit barns work, I will explain the typical boarding/leasing process.
Boarding is around $1,000 per month MINIMUM.
A regular lease fee for a made equitation horse, that can pack a child around the 2'9" with patience and also look good doing it, is around $50,000 per year.
Which comes out to slightly over $4,100 per month.
You would also normally be completely responsible for any vet care or maintenance done on the horse.
This horse has won at nationals on the A circuit. Has trained in the grand prix. Is currently (as in I can go saddle her right now and she will do this) in 3rd level dressage. Several vets have lameness tested her and all said give her a month and she will be awesome again.
So yes. $700 for this horse is a steal. Especially when including boarding, care, maintenance, and lessons.