Does leasing a horse cost less than buying one?

Question

Does leasing a horse cost less than buying one?

Answer 1

In the short term yes, in the long term no.

Answer 2

Horse? Leasing a HOUSE can cost less in the house payments because you will have a contract with the seller but you can't call the HOUSE your own because your name isn't attached to title.

Answer 3

Leasing anything cost less in the short-term, and more in the long-term.  It's a timing issue.

Answer 4

i lease a horse and it cost 85$ a month and boarding cost 150$ a month but is my horse get hurt i have to pay half and if i own and it beaks a leg i am dump on with a BIG bill to pay

So yes owning a horse is more expensive!!

Answer 5

Depends how long you lease it for?

Answer 6

if you are leasing it then the money will add up two about as much as it would cost buy a horse so id buy one

Answer 7

There are so many liabilities involved with renting a horse someone else owns. For instance if he dies under your lease...if he gets injured, or sick; most lease agreements would have you paying those expenses and it could get VERY high for something that isn't even yours.  Personally, I would never dream of leasing one, just because I don't want to be responsible for someone else's horse.

Usually horses that are up for lease are there because someone wants to keep them and can't afford them, that means YOU end up paying all of the board, feed, vet and other expenses, PLUS use of the horse. SO, if you have money to buy one, do that. Someone said their lease is 85/mo, plus 150/mo board...then there's everything else involved. My  board AND feed/hay is only about $100/mo; less now that grass is coming up. The total output on board is, of course, going to be dependent on where you are and what's available.

It's just that, the thought of being TOTALLY financially responsible for a horse that belongs to someone else scares the heck out of me.  I have 35 yrs experience with horses and I can guarantee you, they can get into all kinds of trouble and it usually happens when the pocketbook is running on empty. If you want to take on that kind of liability and responsibility, do it for your OWN horse, not someone else's.

The bottom line is, if you buy your own, you have the one time purchase expense, but you aren't paying a usage fee for a horse. I say it depends on how much you are willing to dish out every month. It's an OK idea if you want to do it for 2-3 months, just to see if you can handle the daily care for one or really enjoy having one like you think you will before you buy one. But long term, no way.