Finance Guide Center - Is leasing a good idea?

Is leasing a good idea?

I have owned horses in the past. And really miss them. I don't have a lump sum of money right now, so I was thinking of leasing a horse. There are a few really great lease options (atleast I think) about 10min. from where I live and you can even ride to the beach! The lease is $150 for three days a week, includes board, feed, trimmings etc. and a free lesson every week. My friend is also considering leasing a horse. And they will give a special deal for us to lease two. Anyways, is leasing a good idea? It is $150 a month. We live in an apartment.. so I would be boarding if I decided to buy.

Public Comments

Yes it can be, especially if you are not experienced and don't have your own land.
Wow thats a good price but yeah it is when your on a low budget.
It sounds like a good idea. Read the fine print and make sure that the people are on the up and up. Around where I live there was a guy that wanted $100 per month and you had to already be an experienced rider, but you could go ride pretty much anytime. Your deal sounds pretty good. Have fun.
well leasing can be a good idea but add up what you would spend a week and x's that by 4 and then by 12 mos thats $7,200 you could buy your own horse for that price... if you are able to afford a horse to lease why not try to buy one??? do you have the room to keep one where you live or would you have to board??? if you had to board then that would add to your cost of owning but if you are able to keep one on your property i would say buy dont lease!!!
Leasing is a good option if it fits your needs.
leasing is a great idea if you want to start riding again but can't afford a horse right now and that sounds like a good price for a half lease. good luck
If you do not have the money to own a horse, (and you are responsible for knowing that right now, it just won't work) it is perfectly ok to lease. Usually people lease out their horses because either they can not afford the whole amount, or they do not have enough time to ride. I have a horse and I leased her out for 3 months (3 times a week riding for them) because I was in between jobs and flat broke, but was not going to sell my baby. Definately ride the horse first and make sure that you "click"- if you don't get along with the horse, don't lease it- keep looking. Make sure that it is a horse that you would consider buying if you were actually looking. Therefore, you know you can handle the horse, as well as feel safe enough on it. I think that the lease deal you have sounds really nice- as long as the horses are quiet and relatively broke, I would definately go for it.
For that price you should totally try it. Just remember to READ THE CONTRACT before you sign. Sometimes people are horrible and will say you don't need to pay medical and then when the horse is injured sue you for payment of vet bills. As long as you have it in writing you should be fine. I think you should do it...what is the worse thing that will happen? That you don't like it and you will stop? You said you missed riding so this sounds like a great way to get your foot in the door.
i think $150 a month is rather high. why dont you just take lessons? find a discipline that you like, gain skill then think about leasing.
yes, i have leased for about a week now, and i love it so much. and that's a really good deal too. its so much cheaper and its like having a horse. i would highly recommend it.
sounds like a pretty standard lease to me assuming the facility is nice. just be sure to read your lease first and ask questions if anything does not seem right. leaseing is usually a pretty good option for people who dont have the time, money or desire to own outright. and theres not a thing wrong with that a few good things about leasing is.. -if you and the horse dont click, you can just walk away and not have to keep paying for and caring for and trying to sell a horse you dont like or cant use. -you can use that as a chance to ride a horse you otherwise couldnt or wouldnt buy for yourself, like leasing an english horse if you normally ride western but want to ride a good quality, well trained english mount before shelling out all that dough to find out a month later you hate riding english. or a chance to lease and show a high quality show horse you otherwise couldnt afford. - you dont have to worry about suprise expenses like a midnight colic episode on a saturday night. -you always get to ride the same horse unlike taking lessons. -you can save up to buy something nice later when you can afford it money and time wise. so have fun but be sure to keep your eyes open