How to pay for new horse

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Cassy

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I haven't bought a horse for a long time and wondered:
a) How and when do I pay?
b) Do I ask for a contract of sale from the vendor or do I take one with me at the vetting?
Thanks
 
If you agree to buy, leave a deposit and the rest will be subject to passing a vetting. Bill of sale will be completed when the horse passes the vetting and you officially agree to buy and pay the full amount.
 
When I sell, I take payment in full (cash) when the horse is collected (BEFORE it gets on the trailer)

If paying in instalments, horse stays with me until payment is made in full.

Cheque - must clear before horse leaves the property.

Buying a horse - I leave a deposit (cash) when I decide I want it (and make sure that I have paperwork declaring that a deposit has been received for such and such horse) , and pay the rest when I collect, or pay in full at the time if I have taken a trailer with me.

I give/or receive a Bill of Sale (Sold as is) and all papers when payment is made.
 
I personally don't do deposits for animals whether I am buying or selling.

Payment, usually cash or bank transfer is taken/given just before the horse is loaded on the trailer - good luck with your future purchase :)

I just give a simple written receipt for the sale, noting name, age, price.
 
LJR said:
I personally don't do deposits for animals whether I am buying or selling.

Payment, usually cash or bank transfer is taken/given just before the horse is loaded on the trailer - good luck with your future purchase :)

I just give a simple written receipt for the sale, noting name, age, price.
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I very rarely give or take a deposit, usually if selling I expect people to try, possibly come back a second time, then phone to do the deal rather than make a decision on the spot, sometimes I need that time to decide whether it is the right home and have refused to sell for various reasons if I think it is not, so the breathing space can be useful for both sides, I encourage a vetting to be done as it covers me as well as the buyer, normally cash on collection or bank transfer, I will not take a cheque unless they wait for it to clear which slows down the process too much.

When buying I usually make my mind up while there but prefer to leave and phone to make arrangements, if the seller is extremely pushy it puts me off, I rarely vet so usually pay cash on collection.
 
As a buyer I would pay cash once the horse is safely loaded on the trailer by the seller.

As a seller I've had bank transfers of the full amount to keep the horse a couple of weeks then deliver, or cash prior to delivery. Usually include delivery in the price so I see where it's going.
 
When I bought my horse a couple of weeks ago, I went and saw him on the Sunday, I told the guy I liked him and wanted to see him again, I went back with a friend on the Tuesday rode again, decided to buy. Said yes I'd have him. Guy said fine, he'd keep him for me. I picked up on the Saturday, paid cash in full, got a bill of sale and passport and left, with horse.
 
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Perhaps a little situation dependant. If I were buying from a person I didn't know prior to finding their horse to buy, I'd give a deposit, then balance upon collection / prior to them delivering, via cash or BACS payment.
If I were buying from a person I knew (and classed as a friend) then I'd verbally agree the purchase and just give them the cash / BACS as they preferred.
And get all the paperwork associated with the sale for both circumstances.
 
I have never given a deposit .
If I know the person I usually just give a personal cheque.
If I don't I'll take a bankers draft if I know it's passed the vet or cash if I am going to the vetting with the lorry .
 
be positive said:
I very rarely give or take a deposit, usually if selling I expect people to try, possibly come back a second time, then phone to do the deal rather than make a decision on the spot, sometimes I need that time to decide whether it is the right home and have refused to sell for various reasons if I think it is not, so the breathing space can be useful for both sides, I encourage a vetting to be done as it covers me as well as the buyer, normally cash on collection or bank transfer, I will not take a cheque unless they wait for it to clear which slows down the process too much.

When buying I usually make my mind up while there but prefer to leave and phone to make arrangements, if the seller is extremely pushy it puts me off, I rarely vet so usually pay cash on collection.
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All of this.
I have usually made up my mind before I have left the yard but always phone when I get home unless its a real no then I tell them straight away. If I am having it vetted I choose the vet but let them arrange it and try and be there if I can. I always pay/take cash and take a receipt just in case the seller has not made one out. Make sure you check and see the passport before money changes hands and take it away with you. If I am selling I give them a week to sort out a vet, more than a week and its back on the market.
 
Deposit secures in my book, anything else is just a maybe. Deposit is returnable in the event of a failed vetting. Receipt given or obtained stating such.
Balance paid in cash or BACS transfer.
Have no objection to somebody coming back as many times as need be if they really can't make up their mind. I tend not to let people view if I think they will have issues with one I need to sell e.g. struggle to pay for vets etc.

I am quite decisive when buying so always take a reasonable amount of cash with me to a viewing, otherwise I only carry a tenner or so and my cards in my purse.
 
When selling
I either want payment by bank transfer or cash
I always write out a full comprehensive receipt stating that they horse is as vetted and as tried so they there is no stupid comebacks, although have never had. I am more than happy to help out the buyer if they come against little niggles as I have with Lucy who I sold last.
I rarely take a deposit as I make sure the home is 100% right so I wouldn't then just want to sell anyone else & if they decide against it that's fine as I'd rather the horse is with the right person !

Buying I live buy my own rules !
 
Don't pay for the horse until you have the passport and checked it. Don't accept "it will be in the post." I did that with a pony, admit didn't have it vetted, but it was 3 years older than the seller had declared.
 
Orangehorse said:
Don't pay for the horse until you have the passport and checked it. Don't accept "it will be in the post." I did that with a pony, admit didn't have it vetted, but it was 3 years older than the seller had declared.
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You should check the passport at the first visit, it is the first thing I do before even looking at the horse properly there is no point in trying something that is older/ younger or of a different colour etc to what you turned up to try, when selling it is shown to any potential buyers when they arrive so they have time to look at it while giving the horse a once over.
 
The last one I bought I had on trial for a week first. The last day of the trial I drove over to the owner and paid cash and he wrote me a receipt and signed the transfer of ownership on the passport.

Actually thinking about it I did exactly the same with the previous horse, but I had her on a two week trail instead.

I know that is fairly unusual, I didn't know either of the people. As we run an established dairy herd I think they were happy we weren't going to do a bunk after giving them the business details and where the horse was going to be kept while on trial.
 
be positive said:
You should check the passport at the first visit, it is the first thing I do before even looking at the horse properly there is no point in trying something that is older/ younger or of a different colour etc to what you turned up to try, when selling it is shown to any potential buyers when they arrive so they have time to look at it while giving the horse a once over.
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Good idea!
 
Thanks for all your advice. I have probably already made a coiple of mistakes. Didnt look at the passport and paid a deposit by bank transfer so havent got a receipt! Just hope the seller is honest. Having horse vetted on friday and intend to be there. If all goes well i intend to pick up next day. I will ask which payment method the seller prefers. Although not keen on transferring the money prior to collecting the horse.
 
Cassy said:
Thanks for all your advice. I have probably already made a coiple of mistakes. Didnt look at the passport and paid a deposit by bank transfer so havent got a receipt! Just hope the seller is honest. Having horse vetted on friday and intend to be there. If all goes well i intend to pick up next day. I will ask which payment method the seller prefers. Although not keen on transferring the money prior to collecting the horse.
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There has to be some trust, you are trusting they have told you the truth about the horse and if it fails for some reason they should simply return the deposit by transfer, the first thing the vet will do is look at the passport if you are there and there is a serious discrepancy the vetting can stop and you should only be charged for part of the visit.

If you are happy carrying cash it is the easiest way to pay, a swap of cash for the horse, passport and receipt, if you are insuring get it covered before you collect, you may need the passport number so make a note at the vetting.
 
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