Buying a horse/car/anything....deposits?

Yes i would if i was buying a horse. Should be 10% of the value. I think leaving deposits show you are a serious buyer and have the cash to pay for said item.
 
I left a deposit subject to vetting on my last pony, I liked her that much.
I am a worrier too and would have been on tentahooks in case she was sold to someone else!
 
I had 3 horses vetted while I was looking. I must admit I didn't offer a deposit, but then nobody asked for one and there was no question each time that the horse was held for me subject to vetting. They were all dealers though. Maybe that makes a difference
 
As a rule of thumb we take £100, although compared to the thing it secures it although alot of people selling horses seem to already have others coming and want to see them and see how much they can offer you, so then we obviously leave it
 
either a 20% deposit...or if the animal is a real bargain, then take the full price and the lorry..haggle and take it home!
 
i would say that if a vetting is arranged then yes a deposit is not needed however, i am in the process of selling right now and a lady had booked a vetting and all was going well when suddenly today she pulled out and cancelled the vetting as she had changed her mind!!
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A deposit just shows you are serious and also allows the seller to take the horse off the market in whilst they are waiting for the vetting.
 
CAN I ASK?
What happens if a horse has a deposit put down on it subject to vetting and it fails? Is the deposit always non refundable or it it refundable it horse fails??........
 
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CAN I ASK?
What happens if a horse has a deposit put down on it subject to vetting and it fails? Is the deposit always non refundable or it it refundable it horse fails??........

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Depends on the person, some witch wouldnt give me my £450 back last year when the horse failed!
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i've never had a horse vetted when buying..but wouldn't leave a deposit if i wanted something vetted...just say i'd pay up subject to vetting...
 
This is the thing see, I always thought you paid it back but someone recently said to me that no you dont because the person paid their deposit or you to hold it for the time needed, and therefore thats what thy spent their money on and they did get what they paid for etc.
Which i suppose makes sense when you think someone could walk in with they money and you have to refuse them because you are keeping horse for them...
 
No. I always take the full asking price of the horse in cash. If the horse is right and correct then I buy and take the horse away....if I have any reservations I walk away, taking my money with me.
 
Tia, so you don't have horses vetted? very brave.

I'd feel very strange leaving a deposit for a horse. the vettings cost enough (about to pay £250 each for the 2 that have failed the vet.)
if i'm trusting the owner to have told me the truth about the horse, then they can trust me that the vetting's happening asap and i'll pay in full after it passes.
 
Know how you feel re: the cost of vettings. I had three done in 6 weeks. OH was very unimpressed. I just would not be happy to part with a considerable amount of money for a horse without having had it vetted though. I think if you look at it as a percentage of your purchase it doesn't seem so bad. It's generally a small percentage of the price and could save you making a very costly mistake. Then again it doesn't matter how cheap the horse is, it could still still cost you a considerable unexpected amount to keep if there is something you have overlooked or could be unsuitable for your purpose (ie heart defect) Not that I am in the market for a cheap horse/pony but I would get it vetted whatever the price. At least then I have some idea what I am letting myself in for! Each time I had a horse vetted I was present and took the full purchase price in cash with to seal the deal if t was a goer.
 
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Tia, so you don't have horses vetted?

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No never. I do my own vetting when I go to view the horse. If anything is even slightly amiss, I walk away.

Interestingly, almost every horse I sell is vetted by their buyers and to date, every single one has passed with flying colours.
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Horses; No.


I always go away from viewing a horse, so that my heart doesn't rule my head. If I like the horse the next day, I will buy full asking price.

Although, I went down to Wiltshire, earlier this year to view a horse and I told the owner that I would ring her the next day to say yes or no and she had sold her just after I left.
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I've had two interesting and conflicting experiences regarding putting deposits on horses. One is a foal- she was 10 days old when I first saw her, and I was asked for 10% of her price. Obviously she is not coming to me until she's weaned, and passed a two stage vetting. I have been assured that I can have my deposit back should I not be happy or things go wrong.

The other is a broodmare (different seller) and again is coming to me when her foal has been weaned and the mare has been vetted. Now the owner won't take a deposit but has put her on hold for me. Apparently if she took a deposit she would by law have to provide me with a mare who was x amount of years old and x high. And if anything was to go wrong between now and when she legally became mine it would be a breach of contract.

I've never had a horse vetted to buy it before, but my last two horses have gone lame or not been fit for purpose. Caveat Emptor I suppose!
 
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