Join Date: Oct 2007
Location: Alberta, Canada
• Horses: 0
Is your daughter competing? What has this horse done besides being a school horse? Has she shown and placed in shows? What discipline is your daughter endeavor inch to do, and does she want to show?
I hesitate to say that the mare is overpriced without knowing more, because she may very well be worth that. If she has the credentials to warrant a $10k price tag, your next step is figuring out if your daughter "needs" a horse of that calibre right now, and if the investment is worth it.
The 10k is worth it if the mare is great at her job, knows it inside out, and is a proven performer with consistent placing a even in "littler" shows in your area. (Ie you won't find an "A" rated hunter for 10k and if you do, something is up.) AND if you/your daughter want to get into competing in said discipline. Caveat: 15.2 is small for English disciplines and it will be more of a challenge for you to sell her than a horse over 16hh. I had a lovely 15.3hh TB mare that did it all, won it all, and wouldn't sell quickly or for as much because of her height and breed.
Does your daughter want to compete? Does she want to progress quickly and become competitive in the ring? If so, 10k isn't unreasonable, at least for English disciplines, I cannot speak to Western.
However, if you are looking for a quiet, broke to death pleasure or trail horse, or low-low level horse, 10k doesn't make sense in an investment point of view. If your daughter just wants to ride for the sake of riding, 10k is unreasonable at this point in time. Really honestly unless you are looking for a show horse, 10k is more than you need to spend.
Of course the horse world is as broad as you want it to be. Some people spend $30k on a pleasure mount. Some people spend $1000 on a competition horse, and do well. There's a GP showjumper out there that had a whopping $89 price tag. Other international level horses are hundreds of thousands of dollars.
It is your call, at the end of the day. Don't feel pressured to spend $10k on your daughter's first horse, and do not feel badly if you DO.
My first horse was $7500, dropped from $10,000. She was a competition mount. My most expensive horse ended up being a lunatic that I lost money on. Ronan was a steal of a deal, and easily worth much more than what I paid, in my, my trainer's, and a few other trainers' opinions - but someone may disagree and say I overpaid.
The horse world is shades of grey - and not the fun kind either ;)
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