30 July 2010

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Can you afford a horse in the credit crunch?

Feeding a horse during winter

Friday 1 May 2009

In these tough economic times, it might be possible to bag yourself an equine bargain.

People are quite literally giving horses away, and it's definitely a buyers' market.

But these horses might well be up for sale because their previous owners have been hit by the 'credit crunch', and can no longer afford to keep them.

The market is slow, and more horses than ever are being given to already overstretched charities.

If you're thinking of buying a new horse, you need think long and hard about whether your own finances can cope with both the initial purchase, as well as his care and upkeep.

After all, owning a horse requires a lot of long-term financial commitment.

If you don't have stables and grazing at home, your first step would be to find a local livery yard. But full livery is expensive, while DIY livery puts demands on your time.

While his monthly accommodation bill might be your biggest expense, you've also got his feed, bedding, farriery, tack and rugs to pay for.

And don't forget to factor in potentially large veterinary bills – because we all know horses can be accident-prone.

Before you start scanning the classified adverts for horses for sale, you should set a budget for both the purchase and care of your new equine partner.

Horse ownership is rewarding, fun, and a dream for many. But we all need to ask ourselves – can we really afford it?

If not, think of having lessons at your local riding school instead, and concentrate on saving up for a new horse in the future.


Arabella Brown undertook a work experience placement at Horse.