Courious regarding lease - The Horse Forum
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post #1 of 17 Old 07-14-2013, 12:40 AM Thread Starter
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Courious regarding lease

I'm pretty sure I am in the minority here as i do not board my horses and have never even stepped foot in a boarding stable . Our horses have always been in our pasture, even when I lived in the city they were on my families land. So I am very courious about leases, I don't understand them.

Why would someone lease a horse instead of buying one? When I read what all you are responsible for it seems to me you are paying for everything anyway? Is it the initial cost up front for that well trained of a horse? I know some can be very expensive.

I had never heard of leasing a horse until I started reading forums, I guess rural Oklahoma hasn't found the need yet 😜
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post #2 of 17 Old 07-14-2013, 12:44 AM
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The benefit of leasing, for me, is that if circumstances in my life change, I don't have to worry as much about not being able to support the horse because his owner is more than happy to take him back. It's also the only way I can have the horse I currently have - He's an ex-school horse, the school didn't want him anymore, gave him to the husband of one of their teachers, and said husband no longer had use for him but wasn't allowed to sell him as per their agreement - so I have him on free lease until such a time that I no longer want or can support him.
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post #3 of 17 Old 07-14-2013, 01:03 AM
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Leases are very beneficial. I've had people approach me about leasing so their children learn the ropes (how to care for a horse, what the cost associated it, etc.) without having the final obligation. Usually it has a termination time, so you're not stuck with an animal for life, etc.

not to mention to lease doesn't (necessarily) mean to take on all the expenses. Partial leasing means just that, paying some of the expenses or a fee to the owner for use of the animal, etc.
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post #4 of 17 Old 07-14-2013, 01:17 AM
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I definitely like the pros of leases. I most likely would lease instead of own if I wasn't such a control freak. Leasing can also prepare you for horse ownership in some ways.
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post #5 of 17 Old 07-14-2013, 01:30 AM Thread Starter
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Thanks for your replies, like I said I really don't understand them and with all the discussion on the board I was pretty lost and confused at times.
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post #6 of 17 Old 07-14-2013, 01:35 AM
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It can get confusing, and while in theory it would be better to invest money and time into a horse that will be YOURS that isn't always reasonable. Heck, I have THREE horses and we're looking at a free lease right now. My sister is ready to move up off her pony, but doesn't have the money to buy a well trained horse right now. She's free leasing for a year as a 'stepping stone' up from her pony to get the miles she'll need to take on a greener horse that she can afford.
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post #7 of 17 Old 07-14-2013, 02:07 AM
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funny how you call it a "free" lease. how is it free?
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post #8 of 17 Old 07-14-2013, 02:19 AM
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Free lease as in we take on the horse, no fees paid to the owner, and cover all expenses. Horse lives on our property. Might be called a care lease in other parts of the world but where I am we typically do free leases or part leases (flat fee paid to the owner). But, of course, nothing is every free with these creatures we 'love'
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post #9 of 17 Old 07-14-2013, 02:37 AM Thread Starter
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So I guess my question is, if you are paying for all the care, feed, boarding and a fee to the owner is it not cheaper in the long term to buy your own? I guess I am still missing something.
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post #10 of 17 Old 07-14-2013, 03:02 AM
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So I guess my question is, if you are paying for all the care, feed, boarding and a fee to the owner is it not cheaper in the long term to buy your own? I guess I am still missing something.
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The best way I know how to put this is through example.

I know of a girl who leases a very, very nice horse from an old barn of mine. The horse's name is Reo. We will call the girl ... Lisa. So, Lisa is starting to get pretty good, she's been taking lessons for a while, and she is starting to jump a little bit. About 2'. Reo has been her lesson horse for a while, and is the perfect horse for her to learn on - he is very well trained, and knows the ropes, but he's not a deadhead. Such a horse would cost Lisa a VERY large sum of money around here, one that her parents simply will not pay. They won't do this because Lisa is still young - it could be a stage - and they are not made of money. Plus, since Lisa is still improving, she will likely need something that can do a little more than Reo can in a year. Reo is getting older now, and has been used as a lesson horse for a while.

So they lease. The amount they pay is per month, and has an expiration date. I do not know what that amount is in this situation, though I know it is a year lease. I found that it would be extremely rude to ask what they are paying a month, and it's certainly none of my business. But anyway, the final amount that they would have paid at the end of the lease is still less than what Reo would have cost to purchase. In this situation, Lisa and her family must board Reo at the barn owner's stable (it's in the contract), so the price of board is slightly discounted, and worked into the lease payment.

Please note that I only know the details about this lease because I was with this barn for a long time, and became very good friends with the BO. She was actually the person who taught me all about leasing. I didn't just go up to Lisa's family and ask all these questions about their lease agreement ... would be a bit stalkerish ...

So that's pretty much why they leased Reo over buying him. Make sense?

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