I’ve been leasing a now 12 year old warmblood for one year. We did not do a PPE prior to leasing (which I regret). We paid $XX,XXX for that one year lease - it’s a lease to buy situation. Now that we are coming up on the time to buy, I did the PPE. The results were pretty alarming. The horse is not sound, period. Below are the key notes in the horse’s history:
September 2022 – RF proximal suspensory injury
March 2023 – hock and stifle injections due to LH lameness
September 2023 – hock and stifle injections
October 2023 – RF suspensory one round of shockwave
July 2024 – Stifle and coffin injections due to LH AND RF lameness
July 2024 – Fetlocks injected
To buy, we owe $XX,XXX (for a total sum pretty close to $100k). Obviously, with these issues, this is not a $100k horse…at least, I don’t think so (but what do I know, I’m an ignorant adult ammy buying a horse for the first time). His experience is mostly in hunters, doing the junior hunters with great results. I go to maybe one show a year and jump around 3’.
At this point, I LOVE this horse. I want to have him forever (do not plan to sell him) and let him eventually retire at our property. However, several people have mentioned that these PPE results are
major red flags.
So…my questions are:
- Given the vet history, what are your thoughts?
- What is a reasonable cost to pay for a horse as described above?
I’d appreciate any insight as I feel lost and overwhelmed. Thank you in advance.
Edited to add - bottom line from the PPE was horse is not sound and most likely never will be. He flexed positive on everything. Mostly 1.5s (again this is all new to me so apologies if I’m not phrasing things correctly)
Edit 2: thank you all so much for for sharing your input. This has been very helpful.