My parents are currently leasing a horse for me. His name is Skip and he's awesome, a really great horse. However, I'm looking to buy a horse of my own in the next few months. I got a pretty much full-time babysitting job in addition to my other two part-time jobs (just for the record, one doesn't give me any hours and the other only gives me 8 hours a week max - so I'm not as busy as I seem! LOL!) and as long as it continues to work out (which I don't see why it wouldn't) then I should have enough money for some board, tack, and a horse in a few months (or less).
Here's what I'm debating:
A while back, I had leased a different horse named Matt (the one in my avatar). He was a great horse also, although I'm not sure if he's as good as Skip. He is sixteen years old (he might actually be seventeen at this point) and although he doesn't have any health problems now, he's obviously older. I was talking to the owner and she said she'd be willing to sell Matt to me once I had saved my money. She's asking $1500 for him. I couldn't tell you whether that was a reasonable price for him or not, I don't really know. All I know is I personally feel it's a tad bit overpriced, considering how old he is and how I'm supposedly friends with the owner. There's nothing super fantastic about him that I'm aware of. I don't really know to be honest, whether that's a good price or not.
Anyways, I'm debating whether I should save my money and buy Matt, or just look for a different horse completely.
The pros of buying Matt:
-I know the owner and therefore I know he's healthy and I know she wouldn't sell me a sick horse - I know exactly what I'm getting.
-I leased Matt for a short while, so I know what I'm getting into when I buy him. I've ridden him on many occasions and have spent time with him.
-One of the Matt's owner's requirements is that if for some reason I wouldn't be able to keep Matt anymore, that I return him to her. This is a pro for my parents especially, because one of their major concerns is that I won't be able to keep him (let's say because I can't afford board anymore for some reason) and that I'll have trouble finding a new home for him.
-Matt's owner also offered to trailer him over to wherever I'm keeping him, for free. This is a plus.
-Matt's owner is also very close to where I live and where I'll be boarding Matt. I won't have to travel far to get to him.
The cons of buying Matt:
-He's old. Sixteen or seventeen. Although he doesn't have any health issues at the moment, that could change in the blink of an eye. And he's only got so many years left on him. I feel like his health can only really go downhill from here.
-He's kind of expensive. When I buy a horse, I'm probably not looking to spend over $2000. I'm not looking for anything fancy. So for me, $1500 is kind of expensive, on the higher range of what I was looking at.
I would like to know your opinions on this. What should I do? The age is just really getting to me. If he wasn't so old, I probably wouldn't think twice about it. There are a lot of pros to buying him. It's also just so much more convenient, rather than having to go through the process of finding a horse.
I know this was a long post but I would really appreciate anyone who gives me their thoughts as I really don't know what to do. Thank you in advance!