On an annual basis, the all-in costs for owning a horse range from around $8,600 to $26,000, not including events or operating expenses, according to a Synchrony study. It estimates the lifetime costs range from $300,000 to $924,000.
Source: DVM 360, April 26, 2023. Link.
Helping horse owners clearly understand the full financial commitment and the financing options they can rely on from the very beginning can give them peace of mind that they are ready to manage the cost of the lifelong care their horse needs, easing the financial stress for both the veterinarian and the owner.” – Mike Pownall, DVM, MBA