Payment for horse...installments??would you?

[SaharaS]

Don't do it. Even if you know the person really well it doesn't mean you really know them till theres money involved.

Wise words...and how true...have 100% cancelled! I have to say those clipped quarter marks are absolutely AMAZING! perhaps I should do a new ad pic for him & get you to do one on his bottom saying "no loonies need apply!" and something amusing to match on the other side!

 

[ofcourseyoucan]

NO NO NO! .......... yes i have read the thread, if someone wants to pay in installments to suit their budget then yes that is fine, they can put the expense on their credit card and pay as it suits them! i would advise that you sell him to someone who at least can afford to pay for him, and his keep and requirements. best of luck, market is bad for untried, low milage and potentials unless very very special.

 

[SaharaS]

Had to laugh...I have just had THE most Sh***y email from the 'nice' lady in response to my polite decline to let my pony go without payment up front though I did suggest the only installment option I might consider (for her atleast) would be as suggested on here earlier...50% up front & rest over three months if pony stays with me till paid in full.....she must have been incredibly special as she lost it with me & said she was not prepared to trust me with her hard earned cash unless the pony was with her first!!HA!!! That my Juniper I'm trusting you with NOT you nitwitt!!!'nuff said. Wise move thank you girls & boys...

 

[Pocket_Rocket]

Personally I wouldn't unless I knew the person very well. You could draw up a contract but that still doesn't guarantee you get the money. To me its just encouraging people to mess you around I just don't think its worth the stress of chasing payments. Also if they can't afford to buy the horse/pony in the first place I would be concerned as to whether they could afford to keep the horse/pony and look after him properly. I would just keep advertising him don't give up! Someone will come along when you least expect it

 

[Pocket_Rocket]

Whoops! Sorry I was just posting and missed your last post! Just goes to show people show their true colours when they can't get their own way! I think that was a really generous offer how rude! At least you know she wasn't going to offer your boy a good home. Better off to find out sooner rather than later. As I say keep up with it i'm sure the perfect home will come along soon

 

[SaharaS]

Personally I wouldn't unless I knew the person very well. You could draw up a contract but that still doesn't guarantee you get the money. To me its just encouraging people to mess you around I just don't think its worth the stress of chasing payments. Also if they can't afford to buy the horse/pony in the first place I would be concerned as to whether they could afford to keep the horse/pony and look after him properly. I would just keep advertising him don't give up! Someone will come along when you least expect it

Particularly worrying tho if she didn't trust me with her money if i keep horse till paid...that screams scam /non payer or messer in my eyes if trying to demand horse upfront! Yes I am sure someone will...he's a nice chap to have around so its no worry to me how long it takes...that will also give me a chance to check all your lotto result this eve...gosh I hope the few girls on here who mentioned won't fight over him if they all win!;-) I wish!

 

[Pocket_Rocket]

Definately it sounds like your boy has had two lucky escapes. Aww i'm sure you'll have people fighting over him very soon! I think its just not a great time of year to sell.

 

[Tnavas]

Absolutely not! How is she likely to have the money to repay you if she is financing his care.

If you do decide to he stays on your yard until he is paid for in full. If she fails to pay the full amount then she loses what she has already paid.

While he is with you she pays for his feed, shoes, veterinary care and other day to day running costs.

I was really bitten hard by a friend I agreed to sell my horse to and she could pay me when she had sold her horse.

No money ever turned up and I heard through the grapevine that she had sold several horses and also bought several since. When I asked her to pay me by a certain date I got the rubbish that she had been helping me out over winter as I was short of grass and I found the horse dumped back in my paddocks.

Being the sort of person she is - a bit carefree with how the horses live I certainly would not have allowed her to graze any of my horses. I didn't mind selling the horse to her as once hers - its her problem if he cuts himself. He came back with splints! Our friendship has never been the same since.

 

[littlescallywag]

I did this with my new boy, took him on loan to buy(was def buying him, just wanted it all legal), paid a reasonably hefty deposit before he moved to my yard and monthly payments till he was paid. Owners were allowed to visit anytime unannounced, (had nothing to hide or hidden agenda)
He wasn't a cheapy(to me), 4k plus and I managed to pay livery, transitioned him to barefoot, everything as if I owned him outright as well as paying for him and day to day costs and livery for my other horse. I don't have credit cards(got rid of them when I lost my job a couple of years ago, so couldn't just wack the cost on them)
I am eternally grateful to my boys previous owner for trusting me and allowing me to have this horse (for my daughter) on installments. But it was a pressure that I'm not in any rush to do again
I suppose I'm saying it can work


But your lady has shown her true colours, can't afford to pts her old horse yet wants a new one on installments but doesn't want to part with any money but wants your horse, doesn't seem to have her priorities right,actually seems abit dodgy in all honesty.... Glad you gave her the boot .

 

[Moggy in Manolos]

I did this with my new boy, took him on loan to buy(was def buying him, just wanted it all legal), paid a reasonably hefty deposit before he moved to my yard and monthly payments till he was paid. Owners were allowed to visit anytime unannounced, (had nothing to hide or hidden agenda)
He wasn't a cheapy(to me), 4k plus and I managed to pay livery, transitioned him to barefoot, everything as if I owned him outright as well as paying for him and day to day costs and livery for my other horse. I don't have credit cards(got rid of them when I lost my job a couple of years ago, so couldn't just wack the cost on them)
I am eternally grateful to my boys previous owner for trusting me and allowing me to have this horse (for my daughter) on installments. But it was a pressure that I'm not in any rush to do again
I suppose I'm saying it can work

But your lady has shown her true colours, can't afford to pts her old horse yet wants a new one on installments but doesn't want to part with any money but wants your horse, doesn't seem to have her priorities right,actually seems abit dodgy in all honesty.... Glad you gave her the boot .

As said, this lady did not sound like an ideal candidate for installments and it does seem she has shown her true colours anyway. 8 installments is alot for such a low price.

I think it can work as littlescallywag suggests. I am currently in a position where I am trying to save up and pay off the last of my bill, it was £1200 including cremation, I have paid almost 2/3rds back already and I only lost her last month, so I am doing ok. Fortunately my job now is much better than the last and I can do it quite quickly, i only got the job a few months ago so I have not saved yet, had a holiday and been paying for things on the house that needed doing first.

I have been looking at the possibility of a loan with view to buy, and paying in say 2 or 3 installments. I would honour my payments and would not try get out of it, I think that is very dishonest.
I would not expect to be allowed so many installments as you were propositioned with. Its hard to say. I totally understand someone not wanting a few installments. I did call up one nice lady and asked if it was possible to have a lwvtb, she said no, the horse is actually being sold by her on behalf of the owner, and I was in complete understanding. I explained my situation and said that it wont be long until I have saved but I just miss it so was thinking of a loan with a view to buy.
The lady I spoke to was lovely as i say and she said if anything came up which was suitable she would let me know, which was very nice.

I just figured it was worth asking. Winter is a challenging time of year to have a horse, so if someone wanted to loan a suitable horse to me with a view to buy then it is one less for them to look after over winter.

I am actually considering borrowing a small amount of money so I can get something if the right horse came along a month or two sooner than expected. Dont know....

 

[SaharaS]

I am actually considering borrowing a small amount of money so I can get something if the right horse came along a month or two sooner than expected. Dont know....

Just seen your other thread...are you thinking of my lovely chestnut boy???
Crikey...Cosmic Ordering of new owner via horse & hound forum!;-)

 

[maree t]

We bought a horse by installments. We were looking for OH and our instructor knew of a lovely horse but she was outside our price range. The owner really needed to move this horse on so we paid half and the rest over three months. We wouldnt have dreamt of not paying whatever happened to the horse but the owner had no guarantee of that she just trusted us.
Would I do it now ? No I dont think so. So much can happen I wouldnt risk it with anyone.

 

[Moggy in Manolos]

Just seen your other thread...are you thinking of my lovely chestnut boy???
Crikey...Cosmic Ordering of new owner via horse & hound forum!;-)

Lol cosmic ordering
Actually it is a piebald mare I am watching. She may well sell, particularly as they have just dropped her price, I do not want to rush as much as I miss having my own horsey. But may take a small loan, just don't know, i really do not want to rush and make the wrong decision....

 

[Tinseltoes]

OP the more I mull this over the more frustrated I am for you. What planet are these people on?! Christ if you can't find £850 then don't even go and look at the pony. And do they really think us sellers are ruddy banks!? Go and get a damn loan from a bank if you can't afford to buy outright!

Ahhh I feel better now

Thats what my hubby did for me,GOT A BANK LOAN and payed it back over time.
I would NEVER LOAN OR DO INSTALLMENTS.(wouldnt sell mine anyway,home for life).

 

[rockysmum]

Just from a legal point of view, dont you need to be register under the consumer credit act or something similar to give credit. So if she didn't pay you could be in a dodgy position for trying to get the money back.

I would also be worried about someone who couldn't afford to buy your pony at that price. Its no more than a big vets bill, so what would she do if one of those came in.

To be honest for that amount of money I would be embarrassed to ask for installments. I'm not rich and I have three horses to keep but I could find that much, and if I couldn't I would certainly not be looking to buy another.

 

[cumbriamax]

I know of breeders who accept installments & have done for many years and it seems to work for them! Personally, I think there are a lot of risks with an installment situation.I think that you would need a water tight contract in place first & even then its still risky!

 

[Paint Me Proud]

I sold my mare in installments.

The buyers paid a deposit and signed a contract agreeing to pay so much each month for 3 months until the pony was paid for.

In this case it worked fine for me and i had no problems. However i did get my solicitor brother to read through the contract i had written to make sure it was water tight.

 

[SaharaS]

Oh dear God...I have heard it all now. New buyer pops up. I must have done something seriously wrong in my ad...I forgot to ad "no idiots" feel like crying think I am going to make alot of you cry when yo uread this too, out of pure exhasperation! New buyer emails to announce she is interested in Juniper. Congratulations dear but you have not provided me any contact details & website security conceals your name. tho i am delighted that you are 47 with no kids & have a nice livery yard yet no horse for three years. Wait eagerly for reply possibly with more info, a name/number/anything??. 24hrs later: New buyer :I won't be able to collect till Jan 2nd. My reply:Oh ok, but I would prefer to speak with all potentials first, then arrange to meet them/view pony.
I send her 14 pics(as she can't see them in ad-???????) New buyer: I want videos. As tempted as I was, I refrained from googling farm porn or something equally horrific & sent her two of Juniper instead, plus a link to youtube video of him. I explained one of the videos has him with my other pony. New buyer replies that miraculously my 14h chestnut new forest is not as described because he has somehow turned into a 16 hand dark bay horse in one of the videos. I am stopping myself from typing and am considering deleting my hotmail account for EVER just so i am not tempted to put what I think. Really, is it JUST me??? Do I have a funny code going on requesting contact from window lickers annonymous? On that note, I think I ought to go find some consolation cake!

 

[ofcourseyoucan]

well i would just reply, having sent photos, IF you are interested get in your car and come and meet him! i really do think there are office workers who spend their day collecting pretty horse pictures! (probably public sector workers!)

 

[EquestrianFairy]

I am one of these people!

I am taking on a horse with a LWVTB and If I want to buy her after this period then I am paying in installments. I've done this before and it worked brilliantly so I guess it depends how much trust there is.. From the sellers pov she obviously trusts me enough and the last seller also did.

 

[EquestrianFairy]

Oops- wanted to add that the prices of these horses are not as cheap as yours so slightly different story there. For £850 I wouldn't pay in installments no.

 

[SaharaS]

well i would just reply, having sent photos, IF you are interested get in your car and come and meet him! i really do think there are office workers who spend their day collecting pretty horse pictures! (probably public sector workers!)

I quite agree!...but I think they play snap with pics too....my boy is like the stickers (cabbage patch kids/my little pony/carebears?)we used to collect!

EquestrianFairy...but they probably do trust you as you are probably very nice & very normal & don't do weird things or ask to paint his hooves in glitter paint to see if they match your wellies...that is honestly what I am expecting to hear next!

Oh and Ofcourseyoucan...she's a thespian so regarding the driving,I presume I am quite safe....as long as she doesn't turn up on a pantomime horse!

I don't drink ..but i think I really ought to!

 

[Tickles]

Haven't read the whole thread so apologies if this is boringly sensible/been covered already....

No. If new owner can;t afford to pay full price (assuming we're not talking abt a horse competing at international level or anything here...) then they wouldn't have enough money to provide emergency non-insured veterinary care.

=> PTS (or worse) for financial rather than welfare reasons

=> not a home I'd want an animal of mine in

=> no sale.

Good luck!

 

[potto]

Interesting post..

I have bought an equine in installments without a written contract. I have also bought halfshares of equines with friends who have loaned me money and then paid them back. This may sound awful to some of you, but when you have to budget, you pay regular veterinary insurance and make sure that certain things are not overlooked. Good horse management is good horse management and that can be done to budget or with great expense and so unfortunately can bad horse management and making a profit out of horses.
I have to say i would not be prepared to rehome to anybody who could not ensure the animals welfare and safety was there top priority finance or no finance.
There is a recession on and too many of us are having to rehome at the moment so if people are able to buy with installment options with out heavy loan interest repayments it may be a way to go to keep horses out of food chains, sales, welfare and rescue centres.
Having said that i would rather my equines go to a rescue than be sold to certain homes for my financial gain my conscience just couldn't cope, if the need arises.
I guess ultimately you just have to judge each case as it comes but how do you ever really know.. lets face it most of us love our equines because they are so much more trustworthy than the people around us..;-)

 

[SaharaS]

SOLD!!!!!!!!!!!!!!! and have full cash upfront! went off to his new home this afternoon...despite loading beautifully and the womans partition falling on him when she was shutting him in,he was immaculately behaved, he arrived after a three hour drive all on his own (he wasn't driving) and not a hair out of place, had not sweat even a drop & only did one tiny poo which was perfectly unmashed! He settled in like he'd lived there for ever and is now enjoying being centre of attention & seems to be very very much loved by his new family..the daughters & mum & grandchildren sounded over the moon & said he was everything they wanted and more!and in all the excitement I forgot to do the blinking lottery ;-( waaaaaaaaaaaaaaaaah just got to pray that his friend(3yr old tb they were joint at the hip) is ok & my 17hh gelding is being kind to him...I know he tried to eat Walters bottom once this eve when they were put in adjoining stables thru the bottom munching window...as I heard the double barrell walty threw at him from over the other side of the field with the school in(not close!)...but luckily he got the wall. Please can they both be in one piece & still have stables in tact by morning....cross everything guys...including your tonsils!

 

[rhino]

Fantastic, well done for ensuring he found the perfect home