How much does it cost to lease a horse in NJ?
For a full lease, the lease fee is most often about 25% – 30% of the horse’s entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
What is an offsite horse lease?
An on-site lease means the horse will be housed at a farm specified by the owner. In an off-site lease, the lessee is typically permitted to keep the horse at a farm of their own choosing.
How does leasing a horse work?
Leasing a horse means that you are paying a fee for additional riding time on the horse of your choice. Many horse owners lease their horses out to help with the expense of ownership. Sometimes owners don’t have enough time to ride and they want to keep their horse exercised regularly.
What is a feed lease of a horse?
At the other end of the leasing spectrum is what’s known as a “feed lease.” This is where you are only responsible for whatever it costs to feed or board the horse. All other care (farrier and vet bills, etc.) remain the responsibility of the horse’s owner.
Is it cheaper to buy or lease a horse?
Leasing a horse is nearly always less expensive than buying one. It’s a relatively low-cost option between owning a horse outright and using a rotating carousel of school horses at the stables. You get the consistency of riding one horse without much of the expense.
What do I need to know before leasing a horse?
7 Tips For Successfully Leasing A Horse
- Be Honest About Your Experience.
- Decide What Type of Lease Is Right For You.
- Think About What Characteristics You Need In a Horse.
- Bring Your Trainer Along.
- Ask Plenty of Questions.
- Always Sign a Contract.
How do you half lease a horse?
A half lease typically entails three rides per week and the base cost is half of the horse’s expenses. This averages the estimated lease fee to $350 per month. Ride times, jumping outside of lessons, and lessee’s fiscal responsibility are regulated directly by the owner and an agreed upon contract.
What is a feed lease?