Are you thinking of purchasing a horse? There are a lot of things to consider. You will need to figure out which horse you want, where to keep it, what to feed it, and which animal hospital to call. One of the biggest considerations is how you will pay for it.
In this video, you will take a look at one of your options.
In the video, they suggest that you should only pay for a horse with cash. This makes sense as it will save you the hassle of dealing with a lease or debt. Further, you should only buy a horse if you are debt free and have enough money to responsibly take care of a horse. You should almost never take a lease.
The only time when you should consider a lease is when you are not sure if taking care of a horse is right for you. Then, a lease serves as a potentially temporary option. Otherwise, you would have to figure out how to sell the horse when all is said and done. If you are planning on keeping the horse for certain for well over a year, you should probably buy the horse with cash instead.