*do elephants really only cost 200 gp? (1/2 the cost of a warhorse). I know I shouldn't, but my next character is going to totally load up on elephants... Maybe this is how you get Beastmasters to not suck . (This is probably a simple errata issue and the cost should be 2000 gp).
Its a razors and razor blades issue. The elephant is cheap. They nail you in all the Purina* elephant chow you have to buy.
*Reference to Secondhand Lions