First time horse buyer-Does this sound like a good deal or no?
 
 

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First time horse buyer-Does this sound like a good deal or no?

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    04-17-2013, 04:23 PM
  #1
Weanling
First time horse buyer-Does this sound like a good deal or no?

I don't want to assume that I'm being taken but I can't help but feel like I am. I know you all will give honest opinions

So I've been riding for 2 1/2 years now, I'm 41 years old and I'm soooo ready to buy my first horse. I've been taking lessons at this small farm that I found. I had told the owner/trainer that I was looking for a horse somewhere in the $2000 range. I don't care about breed, sex or color. Even age is fine though I preferred a horse over 10 years old. The horse doesn't have to excel in any area. All I wanted was a good steady horse for pleasure riding. I do mostly english riding, flat only and I want a horse I can perfect my w/t/c and good riding skills like lateral flexion, leg yielding just basics. I also like trail riding for pleasure.

So I've been riding this great horse for a couple of months. He's a grade horse but they think he's quarter horse. He looks kind of drafty with a big roman nose and big chest. He's 15, chestnut and a real sweet guy.
While I didn't care about bloodlines I thought it would have been nice to have a registered horse if only to know his exact birthday. But I guess I was thinking that since this horse had no papers and was just a good all around pleasure horse that his price would be something like $1000? Maybe $1500. Well I get ready to put a deposit on him and she tells me he's $3700.

The thing is, when I first started a couple of months ago I told her that I wanted a horse around 2k and she said she had plenty in that range. But then from my first day of lessons, I've been riding this guy. And I just assumed he was in that range.

So in your opinions, is there a situation where a grade quarter horse can be worth $3700? He does have such a great temperament and he will ride western on the trail and english in the ring. He doesn't jump but that's fine because I don't either. I asked the trainer about why his price was so high and she said that because he's a good horse and I can buy a cheaper horse but get injured and pay more in hospital bills in the long run, which is true.
I'm going to buy this guy because I really like him and he's perfect for me. I just feel a little taken back by the price. I am in Virginia so prices are higher here.
I don't want to sound like a complainer. I'm really happy, believe me! I just wanted to share and see if this happened to anyone else. Lesson learned.....always find out price ahead of time!
     
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    04-17-2013, 04:28 PM
  #2
Started
I understand that you like this horse, but for a pleasure horse I think that the price is very steep and personally I would think you could get a perfectly good horse who will do all you want and more for your original budget. I don't know the woman but part of me thinks she is playing you, but I wouldn't like to assume that about somebody.
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    04-17-2013, 04:31 PM
  #3
Weanling
A free horse, $1000 horse, and a $100,000 can all create hospital bills. Training aside, they are still horses. Please don't think that the more you spend, the safer you will be :) that being said, I know of plenty of horses around me that fit your wish list, as well as price wise. $3700 can get you a LOT of horse, recreation wise, in this economy. I'd keep looking around :)
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    04-17-2013, 04:35 PM
  #4
Trained
I have to say, I think she is trying to take advantage of you. However, you ARE in VA. You might want to look around. Not sure where in VA, but IME, anywhere north of Richmond and the price goes up.

I also live in Va, however, I have never bought a horse here. I also have a grade QH, and it just happens that I have been talking about selling him with a couple of trainers and dealers. I will ask a minimum of $6K for mine. I paid $2K for him 3 years ago in Tennessee, and then he was a solid trail horse, 4 yo. I have put over $10K in training in him, much of it in reining, which adds to his value. It just happens that where he is, horses that are really broke are pretty hard to come by.

Anyway, remember that you are primarily in an english area as far as riders go. If you are riding Western, I would look elsewhere.

WHether or not this horse is worth it to YOU is the real issue. A horse who we trust and feel confident on becomes more important as we get older (you know, the ground gets harder, farther away, etc..... ), but I DO think she is trying to tai advantage. Perhaps you can work out a lease deal with her, and if she sells him for that let her. If she still has him in the fall she might be more willing to bargain, not that she won't at all now. It might be worth a try.
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    04-17-2013, 04:38 PM
  #5
Showing
A grade QH can definitely be worth that. It all depends on the temperament, training and conformation. Do you have any conformation pictures or under saddle videos that we can see to help you decide if his price is fair? A safe beginner horse can be worth quite a bit monetarily.
     
    04-17-2013, 04:44 PM
  #6
Weanling
Thanks guys. I'm glad I'm not just being cheap. I'd pay more than $3700 for a horse but he has to be worth it.

Of course when you're attached to them then they start to feel worth it. That's the problem. I can't help but feel like she's giving me this price because she knows I'm attached to him and really like him. None of her horses are advertised for sale. It would be nice if they were because then I could see if she was selling him on craigslist for $1500 but trying to sell him to me for $3700, ya know?

I'm way south of Richmond franknbeans. I look at ads for horses all the time but I wanted to really get to know a horse before I bought him because I know sometimes a horse and rider don't click. I didn't want to buy a horse and then have to sell. But now I'm seeing the disadvantage of getting to know a horse first. You get attached to them and in my case feel secure and then the seller has you over a barrel.
That is a good idea about leasing. She does offer leasing but she said that spring and summer is a big selling season for her horses and it's possible he could be sold from under me. But I think I'll take my chances. That's a great idea about leasing him a little longer and then maybe she'll drop the price. I don't mind putting a lot of money in my horse. I would just rather put money into something like tack, my barn, a vet emergency fund, etc.
     
    04-17-2013, 04:49 PM
  #7
Weanling
Quote:
Originally Posted by equiniphile    
A grade QH can definitely be worth that. It all depends on the temperament, training and conformation. Do you have any conformation pictures or under saddle videos that we can see to help you decide if his price is fair? A safe beginner horse can be worth quite a bit monetarily.
Well that's a bit of a relief. I like this lady and I don't want to feel like I'm paying too much should I buy him.

I do have one picture on my computer. I'm going to attempt to upload it. But from what I remember it's not a good confirmation type picture from the side or anything but it should give you an idea.
     
    04-17-2013, 04:52 PM
  #8
Weanling
Okay so I have no idea how to do this, lol.

Do I need a photobucket account to upload the pic there?
     
    04-17-2013, 04:55 PM
  #9
Yearling
At the Camelot auction two weeks ago, a 23 year old registered arabian babysitter went for 400, to a little girl. He was the sweetest looking thing....

This person knows you are more apt to shell out nearly 4k because you *have* gotten attached. So, you can bite the bullet and pay up...
Or consider looking around. That gelding and my mare went through New Holland and didnt sell before they eent to Camelot. And theres always the horse classified sites. Either way, look outside your area, bring a friend, and make friends with someone with a trailer.
     
    04-17-2013, 05:02 PM
  #10
Showing
I think that's ridiculous for a grade QH, even if he's well-broke. I know of a kid-broke registered APHA mare who sold for $2000 recently. Know the mare personally and she's just a sweetheart.

Also, her comment about paying less for a horse and ending up injured REALLY rubs me the wrong way. That's just wrong to tell someone that.
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