Just that. You are leasing the horse but you have the option of buying the horse later on. You can buy the horse at the end of your lease or end your lease by buying the horse. Or if you don't want to, you can walk away when you're done leasing.
Some people just want to lease their horse but don't want to sell the horse. They may want the horse to stay in shape by being used but don't have the time or can't for some reason. The lessee gets to use a horse without actually buying one.
With the option to buy, and you and the horse work well together, you could get to keep that horse. If you don't like the horse in the end of the lease, you're not obligated to the horse. Posted via Mobile Device