|beverleyy ||01-12-2012 06:08 PM |
lease price for my mare, help?
I've never personally leased a horse out, so I am not entirely sure on how to set a lease price that isn't too high for the leaser or too low for myself. Most of the pons in our barn who are up for lease really all have the same lease price just depending on the days you'd like to ride ..however most of those are school horses and are not personally owned. So help!
this is not her real add don't critique it, only giving information so you guys can help me determine a lease price!
My mare is green so needs a confident rider with experience. I would prefer rider to take lessons with Beverley's trainer weekly. Beverley likes to "test" her rider/handler but once she knows she isn't aloud to get away with things she's a good girl and very willing to please, she always tries so hard. She is 17.2h & a TB (5 yrs old, 6 by the time I lease her out). She is currently in training as she was started over summer, however I fractured a vertebrae in my lower back and due to this she has been out of work since Septepmer. She started her official training first week of January and is coming along very nicely. She has just begun cantering under saddle, has a lovely left lead canter and is slowly getting there on the right ...and by slowly I mean she did her second canter last night and it needs tuning but it was lovely:lol: I would really love a leaser to come out 2-4 days a week, I am very flexible with days they would chose. I really just need somebody to keep her in work while I am off doing other things and/or riding my pony. She is a horse that needs to be in consistent work otherwise she can be quite the handful, but in consistent work she is very nice to handle. She really just wants to please and doesn't know everything yet! Once Beverley has a little more saddle time I would be very open to leaser taking her to shows at their expense.
So I have heard that a lot of people will either do 1/4 of the horse's worth, but I have actually never personally experienced any body doing this and I really don't want a leaser to pay an annual price up front, just take it month by month and make sure it's the right fit. Or should I do the cost of her monthly expenses split in half for a part lease? I added everything up and divided it by two and for a green horse it seems high. Her board is $555 a month, her farrier is $160 every 6 weeks. Her grain is only $20 and just depending on her feed schedule sometimes I pick it up every 2 weeks, sometimes every 4. I am not really worried about leaser paying for little things such as BP or dewormer, that's fine for myself to handle. Do I include vet costs (what if she colics?), or teeth floating - not until July again but still. So in total the price of her board & feet adds up to 715 per month - I excluded the grain just because the farrier is every 6 weeks and the price of grain (20) I just excluded it if that makes sense. So divide 715 by two and that is 357 per month. Is that way to high for a lease on a green horse. Please note though that she is in training and is VERY calm when in consistent work, I will not lease her until March so by then I would hope to have more saddle time on her.
I can give more info on my mare or pictures if need be.
Sorry this was insanely long, I have just never leased out a personal horse before so I have absolutely no idea as far as pricing goes how to do this! I am aware of other things such as contracts/insurance all that jazz, just no clue what a fair lease price would be for this mare!:-P