I don’t normally post much here but I had to say something for this post. 1st little known fact. Many top barrel horses winning BIG money were free or very cheap. 2nd, from personal experience our best horses have been free or very cheap. We purchased a 20year old Arabian gelding a number of years ago for $300 that was the BEST kids lesson trail gymkhana horse EVER. We made a lot of money from giving kids lessons. All my grand children learned on him. He gave my wife the confidence to go out on trails and he would ride for hours and hours and never spook or complain. He passed away last year at 28. My wife’s current mare she uses for cow/sorting was free. This mare is AMAZING in a sorting pen. Either ranch sorting competitions or sorting on our ranch. She is also a great trail horse. My grand daughters barrel horse is a $400 rescue. She made $1200 on him last year. Pretty good for a 12 year old girl that has only been riding 2 years He is a 9 year old welsh pony. My old roping horse was 5 when I got him and 16 when I gave him to a 15 year old young man just starting out in roping. The horse cost me $5000 and he was HOT every day I had him. Never went out on trail, hated sorting of any kind and spooked at every thing. But man could he rope. And this is all in Southern California where horses go for WAAAAY to much money. Usually. Also they were all purchased from adds not friends.Hi, I know some about horses and I'm looking at a 16 year old paint horse. Is 500 dollars a good deal. Thanks, Answers would be appreciated. Thanks again.