How to Decide if You Should Buy or Lease a Horse

Print this page    
Are you thinking about looking at horses for sale with plans of buying a horse of your own? Buying a horse can be a big decision, and sometimes leasing a horse can act as an in-between step before taking on the full commitment of horse ownership. Not sure whether to buy or lease a horse? Consider these points.

Financial Demands

Horse ownership requires significant financial investment, both in terms of the horse’s initial purchase price and in the cost of his ongoing care. Horses can rapidly accumulate significant vet bills, and working with a trainer and competing in horse shows means additional investment.

Leasing a horse can lessen the financial investment, and in the case of a major injury or illness, the amount that you will need to pay will be reduced or eliminated. Additionally, leasing a horse if a temporary responsibility, so you will not be undertaking all of the horse’s bills for the rest of his life.

If you opt to buy a horse, though, it is a good idea to always save up a large amount of money for use in unexpected emergencies. Remember that a horse doesn’t have to just accumulate vet bills for you to find yourself in a tough financial situation – the loss of your job or your own illness or injury can make the expense of your horse even more demanding.

Long-Term Commitment

Buying a horse is generally a long-term commitment. Even if you plan on selling your horse in a few years, buying a horse leaves you responsible for his care until a buyer is found. Owning a horse brings with it some lifestyle changes, such as finding the time to care for your horse properly and being able to regularly ride and exercise your horse.

If you’re looking for less of a commitment, a lease may be ideal. Leasing a horse leaves you with less commitment, since you don’t actually own the horse. Leasing a Horse can be a great way to decide if you’re ready for the long-term commitment of owning a horse.

Emotional Investment

It’s important to remember that if you decide to lease a horse, that lease will eventually come to an end and you will have to part ways. While some owners offer their horses up for sale to their lessees at the end of a lease period, that isn’t always the case, and you can’t be guaranteed that you will be able to continue to work with the horse that you lease. If you are a rider who forms strong bonds with the horses you work with, you will want to consider this when choosing whether you buy or lease a horse.

Both buying a horse and leasing a horse can be great options to increase your involvement with horses. Before you start looking at horses for sale, think about whether buying or leasing is best for you.

TOPHORSE–browse horses for sale or place an ad to sell horses

Share |