By: Ava Basch
For many riders, there comes a point where weekly lessons are no longer enough. As skills grow and competitive goals take form, the question arises: what is the next step?
Leasing and buying are two common pathways riders may take once they are ready for more consistency and independence both in the saddle and on the ground. The decision between the two depends on finances, time, responsibility and goals.
If you’re deciding between leasing and buying a horse, here is what you need to know.
Leasing allows a rider to use a horse for a set period of time without ownership. Depending on the agreement, the lessee pays a monthly or yearly fee for the use of the horse along with all of the horse’s expenses. In most cases, the lease fee is a fraction of what the horse’s purchase price would be.
Buying a horse, on the other hand, requires a significant initial investment and full financial responsibility for board, veterinary care, farrier services, insurance and any other expenses.
Time should also play a major role in this decision. Leasing can be especially beneficial for riders anticipating major life changes or managing busy schedules, as well as students preparing to leave for college
Buying allows for more freedom in decision-making and is a good option for riders with stable routines who have the time to manage all the responsibilities of horse ownership.
Rider goals are another factor to consider. Leasing a horse involves a contract that may include limitations on jump height, lesson frequency and the number of competitions a rider may attend. Leasing can be a strong option for short-term goals, such as transitioning into competition or preparing for a specific show season.
Owning a horse allows complete control over training and competition schedules. If a rider’s goals include competing frequently at higher levels or developing a long-term partnership, buying provides the freedom to pursue those hopes.
The right choice looks different for every rider. The best path is one that aligns with your lifestyle while still supporting where you hope your riding will go next.
