Paying for a horse?

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kate121212

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hello,

this might sound a silly question but im looking for a horse
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but was wondering how it would be paied for? like ... cash there and then or something??? ... thanks xxxxxxxx

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I reckon the majority of people are honest, but, put a deposit down before vetting. Do not pay the rest (presuming he passes the vetting if you are having it done) until he is safely ON your transport with the relevant documents in sight, or he is delivered safely to you. I have heard tales of a purchaser paying in cash arranging delivery and never seeing horse/owner or cash again. Buyer beware and all that, and get a receipt with details for the deposit, and a signed and dated bill of sale.

Sorry, I always deal in cash with horses, forgot about the clearance period for cheques.
 
If it is a private vendor than cash, a receipt is a silly little piece of paper if the buggers run off without a trace- with your hard earned cash!

Professional yards, only ones that I trust and recommended would I pay cheque and allow delivery once the cheque is cleared.
 
I've always paid cash but when I sold my thoroughbred I accepted a cheque as deposit non-returable and then after a trial of two weeks as he passed the vet but the vet had some niggles (long story) they paid the rest direct into my bank account. Cash is probably most trusted as personal cheques can bounce and the issue of 'declaring' the profits for tax purposes (not that I suggest that anyone is that dodgy!!!).
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Never accept a cheque from someone you do not know as it is possible to retract the payment, even after it has cleared in to your account.

Even cash is not foolproof as a big wad of £20's may have pieces of paper in the middle.
 
The vendor may well want cash. That's how I paid for Mickey. I asked for a receipt then and there though, properly detailing the transaction, as proof of purchase.
 
Cash or building society cheque.

Please do not part with any money until you have ALL the documents in your hand - passport, breed registration papers, etc. Never accept that it is in the post - because either it will not turn up, or when it does the horse is 5 years older than it was supposed to be!
 
First horse - private seller - I paid small cash deposit prior to vetting (got receipt to say deposit would be returned to me if horse failed vetting). Following vetting, paid balance in cash when seller delivered to my yard. Was great little horse cost less than £1k, no papers (just vacs card).

Sold a horse to private private buyer. Got a bankers draft for full amount, phoned bank to check the draft was legit. Let buyers collect horse next day. I posted buyers his pink passport once I'd banked the draft.

Current horse was a bit trickier. Bought in Czech Republic from dealer with help of agent I found on internet !!! Paid large cash deposit (almost 50%) following vetting - got receipt/sale contract . Agreed to pay balance in cash when dealer delivered horse in person 3-4 weeks later. Then dealer couldn't make journey himself so asked if I could transfer balance to agent who held the funds until I confirmed safe delivery of horse. Slight confusion over delivery date, horse arrived day after expected, so had 1 sleepless night thinking I'd lost money but next day horse arrived and was as fab as I'd remembered. Most of his papers/passport travelled with him, then the dealer forward the certificate of ownership once the agent had paid my money over to him. Was a little hairy at the time but all worked out ok in the end.
 
I paid cash - although as I had to wait the best part of three days for the building society to have the money for me to take out (go figure) I could have paid by cheque and got the horse as quick.
 
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