How Much Do Horses Cost?

HOW MUCH DO HORSES COST_ (2)

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How much does it cost to buy and keep a horse?

Anyone who owns a horse will probably tell you that the starting cost of an average horse is really just the tip of the iceberg. Owning a horse is a luxury for many people.

But how much does the "average" horse cost? What is the difference between a free horse, a $ 500 horse, a $ 5,000 horse, and a horse that can cost more than $ 10,000 or $ 20,000?

There are a number of factors that affect the cost of horses, and these do not really affect horses of $ 10,000 or more. These horses are bought and sold by renowned stud farms for use in high-level competitions.

They are often imported from Europe or elsewhere, with impressive bloodlines, and have a track record of success in international competition. The average first-time horse owner is unlikely to buy them, and prices are not as affected by market forces as backyard horse prices.

Most casual riders will buy horses well under $ 10,000. Several factors influence the price of horses, and in recent years several factors have come into play that have reduced the initial cost of a horse while reducing the cost of maintaining a horse.

When there is an economic recession, it means that fewer people can afford to buy or keep horses. This means that there are more horses to sell and fewer people to buy them. In times of economic downturn, many people are forced to give away their horses or sell them at low prices because they cannot afford to care for them.

How Maintenance Costs Affect Price

Poor hay harvests and rising feed and fuel costs can affect the number of horses for sale and the sale prices of those horses in a given year.

The side effect of banning horses for meat slaughter is a lower price for certain types of horses. This mainly affects old, unhealthy, young, and/or untrained horses, but has a ripple effect on the overall horse market.

Those looking for a horse for the first time will likely need to have between $ 1,500 and $ 3,000 in their budget for the purchase. You may be able to find a piece of jewelry for less than that, but having that amount will give you the most options. The more you spend, the more options you have.

The cost of ponies

Ponies may be smaller than horses, but that does not mean that their purchase or maintenance costs are proportionally lower.

The cost of a good pony can be equal to or greater than that of a horse. Expect prices for the first suitable ponies to be around $ 1,000 and up.

The real cost of a free horse

A free horse will probably live up to the old adage: "Never look at a gift horse in the mouth." Generally, the horse will be an older person, a young man with poor prospects or little training, or a horse with behavior problems.

Yes, it is possible to get a really good horse for free, like an old man who is balanced and in good working order, whose owner just wants a nice retirement home for that. However, these horses are rare and there is a chance that you are tackling someone's problem.

You can also face a horse with a health or health problem, which can cost you a lot of money, even if the initial purchase price was low.

Training and types of horses

Likewise, with a horse of $ 500 to $ 1,000, they are usually young people with little training or handling; or horses with solidity, conformation, or behavior problems.

Of course, there is the exception to all the rules: there are gems among cheap or gift horses, but it may take a good eye and will to deal with difficult problems.

There are many stories of people taking these "pig ears" and making "silk bags". However, these may not be the right horses for new horse owners. A cheap horse can be more expensive in the long run if you have to deal with vet bills, shoeing a specialist, and paying for trainers.

The way to make a horse worth more money is to make sure it is well-trained, healthy, sound, and well-behaved.

Bloodline and conformation are important too, but it's easy to forgive a horse's dark bloodlines and their less than perfect conformation if she is hardworking, confident, and fun to drive.

When buying a horse for $ 1,500 or more, you are probably buying a horse that has invested time and money to turn it into a great horse. He may have a good show record and is probably easy to cut, bathe, load in a trailer, represent the farrier and the vet, and he has all the good manners that make a horse fun and easy to handle.

The better the pedigree and performance of the horse, the higher the asking price. Again, there is an exception to every rule. However, having a bigger budget means you have more options and can pass up unsuitable horses without much regret.

When calculating how much you think you need to buy a horse, be sure to include sales tax, transportation costs, and a pre-purchase veterinary exam.1 Although they are not part of the sale price, these are the things to think about.

when making a final decision. Make sure you have the money to care for your horse and think about how you will deal with veterinary emergencies if they arise. The initial cost of a horse may seem like a big expense, but day-to-day care is really the biggest expense of owning a horse.

Enjoy The Video Tutorial about HOW MUCH DOES IT COST TO OWN A HORSE!? | DETAILED NUMBERS 

Source: Stephanie Moratto

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