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I agree. Cheaper options/lease sounds like a better option. There's a lot out there for less than 15k with lots of talent still.
White Hills said:
If this is your first horse and you don't currently have anything saved up or currently have a job I would look for a cheaper horse or maybe lease. I haven't ever had a horse but just financially this seems like a bad idea to me. Especially since you seem picky about what jobs you'll take. I'm also not sure what math you did but $100 a week * 52 weeks in a year is $5.2k, not the $15k price you mentioned, not even close even with a deposit of 10%.
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White Hills said:
If this is your first horse and you don't currently have anything saved up or currently have a job I would look for a cheaper horse or maybe lease. I haven't ever had a horse but just financially this seems like a bad idea to me. Especially since you seem picky about what jobs you'll take. I'm also not sure what math you did but $100 a week * 52 weeks in a year is $5.2k, not the $15k price you mentioned, not even close even with a deposit of 10%.
My bad on the math. Sometimes my brain doesn't function properly when I try to do anything. I'll have to rework it. I actually apparently already have a horse. She was given to the breeders I work for, then the old owners wanted her back, the breeder said they'd have to wait until he got back from Pennsylvania, the old owners called back about 3 days later and said "nevermind, go ahead and keep her. I want the little girl that rides her now to have her so tell her I'm giving her to her" I am said little girl except I'm not little and I'm a sophomore in high school. I didn't really find out about this until tonight when I went to go ride. We're moving her to our house soon and the camp I'm supposed to get a job at will let me keep her there over the summer at no cost of my own(as far as I've been told) while I work there. After that, she might go back to my house or the breeders to stay in work, if not, I'll see if the camp has a board option or if my friend would care if she stayed at her place if she got to ride her. My friends parents a mile away from me will let me board my horse there for the cost of hay and grain every month. I'd have to discuss it with them further given this was discussed about 3 years ago so their opinions may have changed. There's also a barn in the town that exchanges work for board, so I'll definitely be looking into exchanging work for board. Im looking at some OTTB's that I could maybe show for this year and afterwards, sell them to a lesson program or something like that. If I placed well in the shows, it'd hopefully bring in a little bit of money, plus selling the horse itself afterwards would help too. |
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If you're planning on getting an OTTB as wel, you will have to realise that they are a LOT of work and I mean a LOT. I was lucky enough to get my girl with some training already put in but you have to re-teach them pretty much everything. If you get one straight off the track it will probably need to be spelled first. Selling it to a lesson place later on would be tricky as many aren't willing to take on OTTs as they have a reputation for being quite full on.
If you have my luck then they can be prone to injury and that is just another expense. |
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New Vocations has some really nice thoroughbred they have some training already. |
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I've been looking at a few cheaper ones that have nice pricing. Some have been shown in level dressage for a decent price. Some other people are willing to negotiate the price on it if it goes to the right home and they're not in any rush to sell. Others need the room quickly and will let them go for as low as a thousand which makes me nervous. There's no way they're selling a perfectly good, trained thoroughbred for a thousand dollars. |
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Trivia Team
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You're not going to make money training and selling OTTBs unless you're a super talented trainer with really good connections, and even then it's still hard. Many go in the thousands, I have a friend who has gotten two perfectly talented TBs for free simply because the market is so saturated by them. They're great horses, but there's a lot. Personally, I'd sit down and list out what you want to do, what you can afford to do, and what you're willing to compromise on both sides. You may find that you'll get further with your current goals sticking to lessons or leases now. I'm only saying this because going from wanting a friesian sport horse to a TB within a day seems really jumpy- and it's okay to not know what you want! But figure that out before you get stuck with a horse not suitable for your goals. :) |
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I agree with everyone.
As a young person who trains OTTBs to resell it would be nearly impossible without connections and the funds to train at nice facilities and go to clinics. They require your full attention. Ideally they aren't a good prospect for a resale unless you have the money to put into them.
I would recommend a lease. Find a great horse that you love that discuss with the owner. The horse you were talking about in the beginning sounds wonderful and it seems like his owners would be very open to options. Maybe they would let you work for his keep and maybe half of his monthly lease? I did that with my first event horse. Communication is key when searching for a horse. Always keep your options open. |
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I'd be training the OTTB along side my 90 year old trainer who has 75+ years of experience with horses. Her son trains American Saddlebreds and she used to own and train Arabians and Saddlebreds. She advised I get a horse I could learn on, no matter what the breed is, so I'll definitely ask for her input as well. Im finding a problem and it's that people price geldings more than mares? They could be same height, age, training, health, etc. but people put the mare about a thousand less than the gelding? Could it be an attitude thing? I've met a couple of nice mares, so I'm not sure if that would really affect it. But you never know. |
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Most people at my barn when looking for a horse look specificly for geldings/would take a gelding over a mare any day. I do think it has to do with attitude, and we are a showing barn and don't want to deal with mares going into heat at shows. I think it's really just a personal preference, and shouldn't really affect the price. The price difference is probably just the owner wanting to sell quicker. |
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There's a lot of talk about OTTB's in here, but what about the horse you were gifted? Do you have enough money to support that horse and a second? And what do you plan on doing with the gifted horse long term, will you be showing, trail riding, etc? |
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Showers Off and On
