I’ve been lurking on these threads and find them quite interesting and informative.
I saw recently that someone posted a thread that is similar to this and I just wanted some advice and opinions.
Having leased horses in the past, I know that breeding, training time put in, conformation, good brain, and mainly show records are what influence sales and lease prices.
There is a horse that can jump up to 1.40m, but not regularly. A solid 1.25m horse. Can do shoulder-in, haunches-in, leg yield (and probably a half-pass if worked on), changes, and counter canter…which is usually a rarity for jumpers. Doesn’t spook, has a good brain, and will take care of you. Show record for USEF for one year shows that almost every show the horse didn’t place…from 1.10m-1.45m.
Asking sales price is $45k. Lease for 1 year is $35k and 6 months is $20k. Going by the standard 1/3 rule for leasing, this is extremely high price for a horse that has an un-commendable show record. If it was a champion horse, I could see paying up to 50% of sale value, but this isn’t that kind of horse. Following the formula, it should be $7,500 for 6 months. We offered a few thousand more and were turned down. (They really want to sell the horse but are open to leases, but you are penalized for going that route.)
What would you think of this situation? What do you think is a fair price? I know it is all relative. Just wanted to pick the brains of the knowledgeable folks of COTH!