Do you offer a cash deposit when buying a horse?

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Tangaroo

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I am looking for a horse and the last one i bought was some years ago and i was buying from someone i knew.
If you go to look at horses, do you normally offer a deposit if you like it?
Just wondered what the norm is for doing things like that these days:confused:
 
I offer... Lets them know you're serious, especially if there's a gap between viewing and vetting.... (althought get them to sign a piece of paper saying it is refundable if horse fails vetting)

If selling I ask for a 10% deposit.
 
I think so yes but if you are having it vetted first you get them to write a receipt saying that is returnable if your not happy with the vetting.
 
I always give a cash deposit but must get a receipt for it saying refundable if vetting fails. Usually its about £250 deposit but depends what the seller wants.
 
i always put down a cash deposit with a receipt (not about vetting as i don't get them done).

when selling i always ask for 10% (in cash) if i am going to hold the horse for the buyer.
 
As millitiger .

Cash, always, I don't do cheques and livestock. I'll give a deposit and take made out receipts with me.
Frequently I take the trailer to view anyway, so seller gets the cash, I get the horse/s. Simple.
 
I'll see it once if I like see again and thats when I'll bring the deposit but it will be a check so they don't make a runner with my money. Then If the horse passes vet we pay rest and get the horse.
 
No, I usually offer a cheque then arrange a vetting. I find this has worked for me, especially if the horses are quite a distance away! Easier to cancel the cheque than to travel all the way back to pick up your money if the horse fails the vet.
 
yes. seller was going to ask for one anyhow but i offered £100. paid in full anyhow the next day when she was delivered :D
 
I didn't pay a deposit when I bought Mason, but then I did make my offer over the phone, about 2 days after I went to see him. (and he wasn't local)
The seller was a small dealer, and seemed quite happy to hold him for me while I arranged the vetting etc, after he passed the vetting I paid the full amount in cash. I would have been prepared to pay one if the dealer had required me to, but I would expect it to be refunded if the horse failed the vetting.
I guess it depends if they have loads of interest, as a seller I would not consider a horse sold until I had a deposit - which I realise sounds a bit two faced given that I didn't pay one myself!
 
Last time I brought I offered 50% cash, took horse home had it vetted by my vet then paid 50% by bank transfer directly to him within 2 days. It was all booked and agreed before I removed him. Old owner paid for insurance up until transfer and I agreed to transport back if failed vetting and we couldn't agree a price.

It was all very simple.

I would always pay a cash deposit to show good will, my honest intentions etc.
 
i give a cash deposit as this is then a contract between you and the seller, if they then sell the horse from under you, you can charge them the costs of finding a new hossie.

Blitz
 
I've just put a desposit on a horse, however no reciept... Do have a witness though. She is pending vetting at this stage. I offered the deposit to secure her so no one else could come along and purchase her and for my own peace of mind :p
 
I would always leave a cash deposit. I would never expect somebody to hold something without one. Likewise, I would always expect a cash deposit (£250) to hold something. A cheque is not worth the paper it is written on. I have had an occasion where I took a cheque, guy phoned up next day and said he couldn't get all money together and subsequently stopped my cheque. I then had the hassle of readvertising, which is costly, and ha lost all of the interest as had told everyone she was sold. If someone is serious they will always leave a deposit.
 
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