What Does Leasing Cost?
Leasing should be simple and enjoyable, leaving you to sit back and enjoy the experience of being part of a team with years of experience in the racing industry.
By Choosing to lease a horse you avoid the outright purchase costs of buying, potentially saving tens of thousand’s of dollars. Traditional syndicates still require you to pay a percentage of the purchase cost plus the ongoing expenses of day to day horse ownership.
Ongoing expenses associated with preparing a horse for racing and maintaining them throughout their racing career include;
- Breaking in
- Normal vet services
- Jockey fees (other than prizemoney percentages)
- Race club fees
- gear, colours and all management and communication to the syndicate
To make things simpler for you, iskander.com Leasing has combined the overheads of horse ownership into one simple fee of $300 per month.
Abnormal charges such as non-routine veterinary expenses, interstate travel and Race club fees for cup days would incur additional charges and may be taken from prize pools.
Prize money payouts are made to the syndicate at the end of each month, following prize money being paid by the race club.