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Good Range for Lease Fee?

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  • Good Range for Lease Fee?

    Hi everyone,

    I'm interested in leasing out my gelding due to time restrictions and am curious on what would be a good average lease fee for him. I think I would go by a monthly fee so that the lease can be terminated at any time if necessary, instead of a yearly thing. I think that would get too complicated, but I have no experience with that type of a lease.

    So I'll give some information on him and any suggestions would be greatly appreciated! [not an ad]

    -Reg. OTTB- raced 3yrs- completely sound during and after career
    -Currently 13 years old (DOB May '97)
    -Solid dark bay (almost black), sound conformation
    -15.3 7/8 hands

    Show experience:
    -Competed for a couple years in the local hunters to gain experience, but not what he's suitable for
    -Has been doing 2'6" jumpers and schooling 3'- moving up to 2'9" jumpers at next show
    -Local shows only due to time and financial constraints, but always champion
    -Ready to go at shows, no schooling, not spooky

    Riding:
    -Tons of scope- has a BIG jump. Not suitable for timid or beginner rider because of all the effort he gives.
    -3'6" jumper with a bit more time put into him- the jump is there
    -Good stride, handy, goes in a snaffle
    -Trail rides, will jump cross-country, very very willing, dressage prospect- not just a ring horse

    He's an easy keeper with front shoes and absolutely no soundness issues. He has always been well taken care of so acts and looks much more like a younger horse than what he is. Absolutely no joint issues (never had injections) and is just on a joint maitenance supplement.

    He is located on the East Coast and would be an off-farm lease. I'm curious as to what a full lease fee would be for him (the price I receive as the owner- not including what the leasee pays for board, farrier, etc.) I cover annual spring vaccinations.

  • #2
    Figure out the price he's worth for sale, take 1/3 of that, and divide by twelve for monthly fee.

    I would price him at most 10k, so $3,300, so $275 a month.
    .

    Comment


    • #3
      Originally posted by Big_Grey_hunter View Post
      Figure out the price he's worth for sale, take 1/3 of that, and divide by twelve for monthly fee.

      I would price him at most 10k, so $3,300, so $275 a month.
      Agreed. But... having said that, I feel like there are plenty of comparable, if not nicer, horses that people are trying to free lease, so I wouldn't be surprised if you have trouble actually making money from leasing this horse.

      Comment


      • #4
        ^^ That's probably the case. I know quite a few people in my area who are doing free leases. They are looking to find someone just to share expenses on the horse in cases where they are too busy to ride 6-7 days per week or pay for pro rides.

        Comment


        • #5
          Originally posted by Big_Grey_hunter View Post
          Figure out the price he's worth for sale, take 1/3 of that, and divide by twelve for monthly fee.

          I would price him at most 10k, so $3,300, so $275 a month.
          I was under the impression that a lease that is not a "free lease" is mainly for the horses that have been there, done that, and can take the rider to new places.

          The OPs horse sounds like it needs training and is actually quite behind in show record and mileage for his age to be leased out for $$.

          He sounds lovely though!
          3' jumpers are a dime a dozen.
          http://kaboomeventing.com/
          http://kaboomeventing.blogspot.com/
          Horses are amazing athletes and make no mistake -- they are the stars of the show!

          Comment


          • #6
            Originally posted by Crown Royal View Post
            Hi everyone,

            I'm interested in leasing out my gelding due to time restrictions and am curious on what would be a good average lease fee for him. I think I would go by a monthly fee so that the lease can be terminated at any time if necessary, instead of a yearly thing. I think that would get too complicated, but I have no experience with that type of a lease.

            So I'll give some information on him and any suggestions would be greatly appreciated! [not an ad]

            -Reg. OTTB- raced 3yrs- completely sound during and after career
            -Currently 13 years old (DOB May '97)
            -Solid dark bay (almost black), sound conformation
            -15.3 7/8 hands

            Show experience:
            -Competed for a couple years in the local hunters to gain experience, but not what he's suitable for
            -Has been doing 2'6" jumpers and schooling 3'- moving up to 2'9" jumpers at next show
            -Local shows only due to time and financial constraints, but always champion
            -Ready to go at shows, no schooling, not spooky

            Riding:
            -Tons of scope- has a BIG jump. Not suitable for timid or beginner rider because of all the effort he gives.
            -3'6" jumper with a bit more time put into him- the jump is there
            -Good stride, handy, goes in a snaffle
            -Trail rides, will jump cross-country, very very willing, dressage prospect- not just a ring horse

            He's an easy keeper with front shoes and absolutely no soundness issues. He has always been well taken care of so acts and looks much more like a younger horse than what he is. Absolutely no joint issues (never had injections) and is just on a joint maitenance supplement.

            He is located on the East Coast and would be an off-farm lease. I'm curious as to what a full lease fee would be for him (the price I receive as the owner- not including what the leasee pays for board, farrier, etc.) I cover annual spring vaccinations.
            I am sure he's a lovely, fun horse but in my area (also in the NE) such animals are a dime a dozen. In fact you can easily free lease (meaning just pay the expenses) on horses with much more substantial records without much difficulty.

            If the horse is currently showing at 2'6" - then that is what he is until proven otherwise. The people who tend to want to show "jumpers" at that height are usually fairly novice riders... which you say would not be suitable for this horse.

            I would think you'd have more options if you could actually put some mileage on him at 3'6" and offer him to the ch/a jumper crowd.

            Good luck.
            **********
            We move pretty fast for some rabid garden snails.
            -PaulaEdwina

            Comment


            • #7
              Originally posted by purplnurpl View Post
              I was under the impression that a lease that is not a "free lease" is mainly for the horses that have been there, done that, and can take the rider to new places.

              The OPs horse sounds like it needs training and is actually quite behind in show record and mileage for his age to be leased out for $$.

              He sounds lovely though!
              3' jumpers are a dime a dozen.
              I do agree, but decided to give the horse a benefit of the doubt. If he really can do the 3'6" with a bit of time, someone might be willing to pay for a lease, depending on where she lives.
              .

              Comment

              • Original Poster

                #8
                Thank you all for the input!

                He is very solid at 2'6" and under at shows and not complicated (can really take a joke with no frazzle), he is just a strong and enthusiastic boy. I'm definitely no pro, just a junio that came off of ponies before him. He's solid around 3' or so courses as well, we just haven't gotten around to showing them yet- I'm trying to be careful with moving up a division at a time instead of skipping so he keeps his confidence.

                He really could make up a 3'6" jumper- he has all the athleticism and skill, I just haven't had the time.

                I guess the best choice would be to offer him up for little or no lease fee until I have some better mileage on him.

                Comment


                • #9
                  People who are willing to pay extra for leases are either 1) people who want a horse that they can compete with at the nicer shows (now) or 2) novices who need a horse they can really learn from. Since your horse isn't a made show horse, your best bet to get a lease fee out of him would be for him to go to a novice who wants to get started at the local level. Unfortunately, you mention that he isn't really suitable for a novice, and in any case leasing horses out to beginners involves some wear and tear on the horse and regression in their training.

                  While you might get lucky and be able to find a situation where someone would be willing to pay a lease fee to you on top of his board/etc., it probably is a better economy for you to look for a free lease situation and go for a better rider who is willing to keep your horse at a nicer barn and who also seems to be very reliable and trustworthy.

                  In your post you hint at the "3'6" jump" that's almost there, and that he could be a dressgae "prospect" but that's a really unrealistic expectation that someone is going to pay you to lease your horse to put this training into it. People lease a horse so it can teach them something, not the other way around. The best you can hope for with a lease is that the horse is well cared for, doesn't get injured, and doesn't require too much re-tuning at the end of the lease.

                  Comment


                  • #10
                    I have my proven 3'6" hunter (who wins at AA shows...frequently) on an on-farm free lease right now because the economy is just that bad and no one at our farm can afford a real lease. But it was either that or send him off-farm for a tidy sum but really have no control/input/say over what goes on with him for the next year. I'd rather have his bills covered (or in this case, half covered as it's a half lease) and know that he's getting the best possible care. The kid that's leasing him is only doing 2'9" right now, so I also know that he's not getting pounded into the ground or overfaced. Right now, your horse is staying happy and sound at 2'6"-3'0". If someone were to move him up to 3'6" and have it go badly, you might end up with a sour horse with physical problems. You never know what could happen. Your best bet would be to get him free leased, perhaps just half leased so that you can put some more miles on him before trying to lease him out to go higher.
                    Nine out of ten times, you'll get it wrong...but it's that tenth time that you get it right that makes all the difference.

                    Comment


                    • #11
                      It depends. I would talk to your trainer or other trainers who know him. If you boy is easy-peasy except for the big jump, you might be able to get a lease fee out of him. It is always hard to find good horses that can pack a kid around. Your instructor may have someone looking for something to take care of them and be willing to spend a small lease fee.

                      But I agree that a free lease (pay for expenses) is probably your best best of finding someone quickly and more easily. 3' jumpers with any kind of complication are a hard market.

                      Comment


                      • #12
                        Sorry, free. That jump may be there but it is not proven over 15 of them set in a complicated course with a time limit. Never been over a AA course either.

                        So you really have a local level .6m horse that is too much for your average .6m rider and would need additional funds put into alot of lessons, practice shows and even pro rides to get him there. If the rider wants to stay local at sub 3'? They are not going to give you much.

                        On top of that, you want a month to month so you can take him back with 30 days notice.

                        Doubt anybody will bite at that one.

                        I know this is blunt but with prices off about 40% on finished horses, asking somebody to pay for the priviledge of paying to finish this almost 14 year old horse or stay on the low, local levels is not very attractive.
                        When opportunity knocks it's wearing overalls and looks like work.

                        The horse world. Two people. Three opinions.

                        Comment


                        • #13
                          I agree, Free.

                          I have a 3' hunter. Safe as can be, many show miles, year end awards, worth his weight in gold. Fabulous Jump, safe enough for a beginner, fun enough for a more advanced rider.

                          Showed the 3 foot with me, and came Grand Champion year end. Also showed the beginner divisions with a lesson kid and came 3rd year end, after only showing 3 shows (of 6) in that series. He trail-rides, pulls sleds, carries around kids, ponies other horses, is the "go-to" guy. Often times has to go on a "Trailer ride" just to teach other horses how to load and travel safely.

                          He's up for free on-farm lease. He's my once-in-a-lifetime horse and I don't want to sell him. I still want to keep tabs on him, so am looking for someone to cover his bills and learn all he has to teach them.

                          A horse who is a "prospect" at anything, is not worth paying money to lease. If I am paying a lease fee, it is a horse who is "made" at something.

                          Comment


                          • #14
                            Free. I would not pay to train a horse. You will probably have a hard time finding a free leaser also.

                            You can get much better horses for free leases. My friend had a lease on a 1.20m jumper. My other friend had a lease on a children's hunter, both which were consistent horses which got them some ribbons at the A shows.

                            Comment


                            • #15
                              Here are a couple of comparisons...

                              A good friend leased a veteran Junior Jumper with mileage at WEF, Indoors etc. Age 16, needed some maintainance. She needed something easy to do AA rated Ch/Ad with. FREE, 12 month lease with good contract.

                              Another friend needed a packer to move her DD to High Ch/Ad and Low Junior just for a summer season. Former WC horse now age 20ish-under 3k for 4 months.

                              My own leases were on veteran 3'6" packers as I moved from 2'6" to 3'. All mid teens, all 5k or under for 12 months.

                              These all found through excellent connections but all in much better markets then today.
                              When opportunity knocks it's wearing overalls and looks like work.

                              The horse world. Two people. Three opinions.

                              Comment


                              • #16
                                I would say that it matters on who gets interested in your horse, and falls in love with him. You may find the perfect match and realize that you would be fine with taking a free lease from them. It is good to be open minded, and you can advertise the lease, and see what you get. You can always lower your expectations later. But if you start out low, there is only so low you can go- which is free. I would say it is fine to test the market. I think you are coming up on a good time, since most leases I know about that are yearly- end in december.

                                I had an aged TB that I leased out for 6 months of show season every year for three years. I charged more because of them not taking the whole year, but the kid was good with him, fell in love with him when they tried him, and I made it so they could lease to buy. It is a risky way of making money, with your investment at total exposure, and personally I will never do an off-farm lease again.

                                I don't think it is far fetched to think that you could make a lease fee, but be realistic that it may not happen as well

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