Here are a few figures for you to consider when comparing owning versus leasing (based on WRR prices effective 2/15/07).

Cost of owning could be considerably more, especially if vet or farrier expenses are beyond the bare minimum listed.

Up Front Expenses	OWNING	LEASING
Purchase Price of Similar Horse	$6,000 and up	0
Grooming Kit @ $50 Used Western Saddle @ $600 Used English Saddle @ $600 Bridle @ $100 Shipping Boots @ $75 Misc. @ $100	About $1500	0
Towing Vehicle – None to new 1 ton	$0 to $40,000	0
Trailer – None to Simple 2 horse	$0 to $2,500	0
Total Expenses	$6,525 and up	0
Monthly Expenses
Leasing		$135 or $200/month (avg)
Board – Pasture (Valley View 6/01)	$165/month	0
Weekly Lesson -- $50/hour private vs. WRR Group Discounted	$200/month	$27 (full lessee) to $36 (half lessee)/month for 36 lessons a year
Farrier Costs Shoe 5 times/year @$65 ea = $325 Trim 2 times/year @$30 ea = $60 Total $400/hear+	$35-$50/month	0
Minimum Vet Fees Trip Charge 2 times/year @ $30 ea = $60 Coggins @ $35 Annuals Shots @ $75 Deworming supplies @ $75/year Misc. Vet supplies/supplements @ $115 Total $360/year	$30/month with no injuries or illnesses	0
Total Monthly Expenses	$437/month Minimum	$171 – $227/month Maximum
OTHER EXPENSES
Tow Vehicle Fuel and Maintenance	$1.00/mile	Trailering $25-$50 per trip. See Price List.
Vehicle/Trailer Insurance	$100/month