A slow economy equates to a buyer’s market for those looking to purchase a horse. For the seller, however, trying to downsize your herd or reduce expenses is going to be tough. The bottom line is that now buyers and sellers are going to have to get a lot more creative and go some less-conventional routes to make ends meet....
For many people, outright ownership on a horse is not necessarily the best option. Many can’t afford the caliber of horse they want or need; others may not want to spend the money on a horse whose skill level they anticipate outgrowing; and some only foresee needing a horse for a fixed period of time....
Shopping for a new vehicle last year I had to decide whether it would be more practical to buy or lease based on my budget. The same case can be made for farm equipment – from tractors to all-purpose vehicles to trucks and trailers. You can find significant savings in either buying or leasing depending on your needs and objectives. First determine those needs and objectives, factor in maintenance cost, and then compare the affordability of lease payments versus purchase price....
