Would you sell a horse on a payment plan??

TopTotty

TopTotty

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Hi, I have a horse for sale for £1995 and I got a text last night to ask me if I would loan the mare out with a deposit and a payment plan to pay for her.
Has anyone come across this before and what do you think?
I am very sceptical but obviously in the current climate maybe things are changing. I do not have any other deatils at the moment.
Thanks for you help.
 
Definately not, just think if something goes wrong with the horse halfway through being paid for, you may end up with all sorts of problems. Will the new owner stop paying or even say u sold them a dud (not saying you would of course :) ) Who would then be responsible for vet fees etc. Too risky IMO
 
Its a scam - just ignore it.

Although some dealers can offer approved credit systems no private seller should ever sell on these terms. The legalities around it - who owns the horse, who is responsible for it if it is no longer capable of work, who has liability for it etc etc are very complex. Don't even think about it!
 
I wouldn't and one of the reasons is because of the person texting you.. if they cannot be bothered to call you and dicuss something (without even seeing the horse) than i doubt they would stick well to their end of the plan...


x
 
No! £1995 isn't too much money, if they didn't have this to pay for the horse what money do they have to look after it? Very risky but if you do, get a proper contract written out saying who is responsible until the full amount has been payed.
 
No way - if the horse has an accident or the buyer doesn't like it after a couple of weeks don't expect payment!

I would if it was a closeish friend but not to anyone else!
 
Well we bought a pony on a payment plan, but the owners were good friends (who bullied me into buying her for my daughter :D) and I hope they knew I could be trusted. However, I wouldn't consider selling on these terms to a stranger, as others have said, too much could go wrong if the horse became unsound or similar.
 
My mum bought our sec B from a private seller this way, there was a contract drawn up and the pony came to the yard I had my boy on the terms were if she defaulted a payment then she could collect pony as if she found him in any serious condition and he was a showing pony and she had qualified for one of the big showing classes at the end of year :D though this would have been after the payment plan was finished that to her was her favour as she done my mum a favour with payment plan :). This lady did not know us and we had to go down a good 4-5 times for her to get a feel though she was very good friends with my YO who am sure she asked for a ref which I dont blame. She also came and seen the pony weekly until payment had been made. Though I do think its very rude to ask someone to do a payment plan via text.
 
I dont do texts, emails or facebook! Dont even entertain it. Anybody genuine would call you to put any proposals forward.Steer clear.
 
In this case no, but if it was someone I knew well that I felt would give the horse a really good home I would consider it. But I'd have a proper contract drawn up, and get the new person to do a standing order to my account for the monthly amount.

No way in this case though!
 
I bought CJ this way but circumstances were different...he was a difficult horse which hse had been trying to sell for a while and i'd already had him on loan for 6 months paying everything for him...no contract was drawn up tho
I would def NOT enter into this - again if they can only text you then they are not 100% interested....steer clear :o
 
I bought my Charlie this way. Yes, I could afford to look after him, but did not have the cash up front. I paid a deposit and then 3 further monthly payments for him. A contract was drawn up and Charlie was to stay on his present yard until full payment was recieved. This was 6 years ago. This worked for me in my situation, but I would be very wary of anyone trying to do this via txt. We always met face to face for each payment and then on the final payment I had his passport and I could change yards if I wanted to.
 
Yes, but the horse would still be with me until they'd paid.

However, a friend of mine did this to a very close friend. All was going great until the horse got shot and they didn't see why they should have to pay for it any more. Et voila, no more horse, no more money, no more friendship xxx
 
I have just bought a youngster like this. He's from a friend who really wanted me to have him, but I didn't have the lump sum to give her upfront and she needed to sell him. I wanted him desperately (and have done since I looked after him 3 yrs ago at weaning) and so we decided to draw up a payment plan.
I payed 3/4 of the full price up front, and then did the next 1/4 in chunks of £250 a month on a standing order.
We both signed a contract saying that if for any reason I could no longer afford to make the final payments, I would return the horse and lose the money I had already paid for him.
It's worked really well, and now I have my beautiful youngster, and I'm STILL paying whopping great vets bills for my old boy!
 
Weve bought 1 & sold 1 this way, it can work if its the right people. The one we bought my daughter wanted to pay for (she was 15 at the time), so the owners let her pay in bits but the pony stayed with them till paid for. The one we sold, we took a large deposit, we then delivered her to her new home (which was his own place) & he paid us £100 a week till he had paid for her, obviously we drew up a contact & held onto her passport till we had had all the money. I would do it again if it was the right person & home.
 
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