Buying and deposits

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TakeAChance

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Hi all

I'm going ot look at a horse tonight and have very high hopes that he will be just what I'm looking for, so much so that I've even provisionally booked a vetting for next week!

Anyway, I'm just wondering what the protocol is when leaving a deposit. The owner has said she's happy for me to have the horse vetted, so I know that's ok. Do you think it's reasonable to ask her to hold him for a week as that's the earliest my vet can make it. Also, when I hand over my deposit, I'll ask for a receipt stating that it's non returnable unless soemthing shows up in the vetting that leads to my decision not to buy hiim. I'm just a bit wary about handing over 10% to someone I don't know from Adam and am wondering if the receipt will even be worth the paper its written on!

Hopefully I'm worrying about nothing, but just wondered what people's thoughts are.

Thanks for reading and wish me luck tonight :)
 
Well firstly good luck hope you arent disappointed as I am looking and have gone armed usually with £100 to leave if I was most certain. Yes get a receipt signed dated with said horses name passport number(important) and obviously sellers name and address. If you have a camera phone take a pic too. Then sign and print etc

But let us know how you get on and fingers crossed it is as described. If you are going back for second look and no one else is going to come and visit ie the next day you could go back tom morning and take the deposit then and have a 2nd look to be sure. Just so you dont end up making a decision that you dont mean to make.

Sincerely hope and wish you good luck
 
I think whether the horse fails or passes the vetting, the woman may still want to hold onto the deposit to put towards the additional weeks livery & new advertisement costs if you no longer want him. Do as you've stated however and get it in writing.
 
JanetGeorge said:
Maybe I'm odd - but if a buyer is getting a vetting, I don't ask for a deposit. I figure if someone is keen enough to fork out £200+ for a 5 stage vetting they're probably serious! It's a policy that hasn't failed me yet!
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There have been a few instances though when someone else has come in and the would be buyer has lost "their" horse. TBF I am guiltly of this having tried a horse I really liked on the Sunday - someone else had seen him in the morning and was coming back for a second visit on Tuesday. We really clicked and I left £200 deposit subject to vetting there and then and secured him for myself. 10% deposit would have been too much in his case but the £200 AND the vets booked secured him. I know I wasn't being scammed as the dealer (when I went to pick him up) said the woman was so keen, she would reimburse me the vetting and pay full price for the horse and they would be happy to put me directly in touch if I was interested.
 
I wouldnt have provisonally booked the vet until I had seen the horse. Then I would pay a deposit returnable if it does not pass the vet. I would expect to get the deposit back if it failed the vet.
Maximum I would give is £100.
 
Vetting is a grey area. They aren't simply a pass or fail, they are a vets opinion of whether the horse in question is suitable for the job you want to do. So for example the horse you are going to see may be sound and performing well at RC, you want a RC allrounder. The Vet may find something on examination worthy of noting on the vetting (for example, sweetich, a sarcoid, minor hind gait irregularity on flexion, plus many other scenario's). This would be noted on vetting and insurance excluded. It does not necessarily mean the horse 'fails' though, but it might be a thing you are not willing to take a risk on. In that instance I think you should consider what constitutes a pass/fail?

From a sellers perspective I would always expect a significant deposit on the day of vetting if the horse is not being collected straight away after. I would also ask for a small deposit to hold the horse for any more than a week before vetting (especially if I had other viewings lined up, and to be honest I might not take a deposit and allow the viewings anyway, depending on the circumstances). As a buyer I would be happy to do the same.
 
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