Leasing of horse with kissing spines

[QueenT]

We have been looking to buy a showjumper that competes at 125, 8 yrs old - asking price around 45k Euros. Vetting showed kissing spines and a bone malformation in both hocks. So we declined. However, owner is pregnant and offered the horse to us in a 2-year leasing deal. Problem is, I think that asking 1500 Euros per month is pretty steep. I’d be willing to pay 500 per month, as the horse has long-term risks and we don’t ti more or less have paid for the horse without owning it at the end of term. Do any of you have experience with leasing? Thanks

 

[bonny]

Would you be better to make a cheeky offer ? That’s what I would do, I wouldn’t lease at anything like that price.

 

[JBM]

Personally wouldn’t touch with a barge pole but 45k seems way to much for a horse with that many problems at 8 it will only get worse with that kind of work
Leases (I thought) were generally 10% of the value for the year so 4500 a year but I could be wrong

 

[QueenT]

Personally wouldn’t touch with a barge pole but 45k seems way to much for a horse with that many problems at 8 it will only get worse with that kind of work
Leases (I thought) were generally 10% of the value for the year so 4500 a year but I could be wrong

Good input, asking price was before the findings, so def not same price now

 

[PeterNatt]

I would neither touch it with a barge pole.

 

[ycbm]

Does leasing make you responsible for all vet fees for 2 years? I wouldn't touch it with the proverbial bargepole if it does, and not at that price under any conditions.
.

 

[Barton Bounty]

Is she plated in gold? I guess no

Walk away ……

 

[Pinkvboots]

Run away and don't look back

 

[Fieldlife]

Can you stop lease at any point? With say a months notice? If so seems a fair deal to me. You have use of nice horse, and no risk as can return if injured.

 

[Melody Grey]

We have been looking to buy a showjumper that competes at 125, 8 yrs old - asking price around 45k Euros. Vetting showed kissing spines and a bone malformation in both hocks. So we declined. However, owner is pregnant and offered the horse to us in a 2-year leasing deal. Problem is, I think that asking 1500 Euros per month is pretty steep. I’d be willing to pay 500 per month, as the horse has long-term risks and we don’t ti more or less have paid for the horse without owning it at the end of term. Do any of you have experience with leasing? Thanks

Sounds like the owners are aware that their value is both inflated and will depreciate with conditions that are likely to worsen…..so yes, with that figure they’re basically expecting you to pay (an unrealistically high) value through the lease to offset their loss.

Very cheeky offer if you really like the horse and it’s doing what you want it to do right now. You’ll be uninsured too so factor that in. A lot of people wouldn’t even consider it at all, so they’d be daft not to consider an offer….unless it goes to the olympics, it’s value’s not going to improve from here!!

 

[Cowpony]

I wouldn't take it as a gift with those problems. Especially at 8. You'll have a horse you may have to retire at 10 and it will have 15 years as a field ornament.

 

[sbloom]

If the KS has only just been discovered, or hasn't been rehabbed properly (and I'm cynical about a lot of rehab) then this is a rehab project horse at best, not a show jumper. It may not be symptomatic but those two issues, as hocks are bad as well, are almost certainly related to moving incorrectly over a long period of time and there WILL be symptoms sooner rather than later I would say.

 

[JBM]

18k a year to lease a horse with problems..you could buy a lovely horse for that no?

 

[QueenT]

Does leasing make you responsible for all vet fees for 2 years? I wouldn't touch it with the proverbial bargepole if it does, and not at that price under any conditions.
.

Does leasing make you responsible for all vet fees for 2 years? I wouldn't touch it with the proverbial bargepole if it does, and not at that price under any conditions.
.

Yes, but there is option to terminate contract w three months’ notice, so we can get out of it if vet bills run up

 

[ycbm]

Yes, but there is option to terminate contract w three months’ notice, so we can get out of it if vet bills run up

With another €4500 to pay in lease fees even if the horse can be left that long with no treatment!? Plus livery fees. I wouldn't touch it, personally.
.

 

[Melody Grey]

What if it colics? You can’t hold off treating that for 3 months!!

 

[Equi]

If the asking price was 36k would you buy the horse? If the answer is no, don’t lease it.

 

[wills_91]

If you have that kind of money to spend then there is absolutely no reason why you should be considering this horse? Must be others out there far more suitable without the problems.

 

[Pearlsasinger]

Why on earth would you want to?
The owner obviously saw you coming, as we say around here!

 

[CanteringCarrot]

No!

 

[Jenko109]

Dont be bonkers.

 

[Barton Bounty]

Could buy a flat for that

I actually had to re-read it as I thought the price was a typo

 

[Gloi]

I wouldn't touch it with somebody else's bargepole.

 

[Ratface]

I just feel very sorry for the horse.

 

[Bellaboo18]

So if you started leasing this horse tomorrow what would you be doing with it? Cause if you're going to ignore the findings and compete it at 125, I'd say that was pretty cruel! If you're going to start rehabbing it at 1500 a month, I'd say you're pretty crazy!

 

[Shutterbug]

Having broken my ankle being chucked off a horse that had very little in the way of symptoms, but was diagnosed with KS shortly after, I wouldn't touch it. If you have that kind of money to spend on a horse, make it one without the potential to injure you

 

[QueenT]

What if it colics? You can’t hold off treating that for 3 months!!

I would absolutely pay for necessary treatment related to welfare, but can get out if it runs up, or the horse becomes unrideable

 

[QueenT]

So if you started leasing this horse tomorrow what would you be doing with it? Cause if you're going to ignore the findings and compete it at 125, I'd say that was pretty cruel! If you're going to start rehabbing it at 1500 a month, I'd say you're pretty crazy!

It’s clinically sound right now and have no symptoms, we didn’t want the long-term risk

 

[AmyMay]

Wouldn't touch it I’m afraid.

 

[QueenT]

If the asking price was 36k would you buy the horse? If the answer is no, don’t lease it.

That’s exactly what I was thinking