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

This is a discussion on First time horse buyer-Does this sound like a good deal or no? within the Horse Talk forums, part of the Keeping and Caring for Horses category

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        04-18-2013, 12:29 PM
      #31
    Green Broke
    A horse is "worth" whatever someone is willing to pay for it. The seller in this case has the advantage because they know that you are attached to and want this horse - that is something that can easily be taken advantage of.
         
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        04-18-2013, 12:49 PM
      #32
    Yearling
    I like the idea of having a friend go as an interested buyer and see what price she gets.

    Another idea- I was in the same situation last year when I bought my mare. I had leased her for a couple of years and was very attached to her. I did go ride a few other horses for sale just to see if there was something better out there, but ultimately decided to stick with her. She was definitely overpriced, which I knew, BUT I was able to negotiate a bit on board because she stayed at the same barn. I felt like I ultimately got the better deal, because while the initial purchase price was probably the "sucker" price, I do really feel like my ongoing monthly expenses work to my advantage. So, if you plan to keep the horse boarded there after you buy him, and you know she won't budge on the purchase price, maybe tackle your negotiations on the monthly board side of things?
         
        04-18-2013, 01:06 PM
      #33
    Green Broke
    When they go to check her offer price to them do not have them single out that one horse. Tell them to tell her they are looking for something in the $2000-$3000 range and see if she brings him out for them. Then you will know.
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        04-18-2013, 03:32 PM
      #34
    Foal
    I am no expert, but that price seems a little steep to me too. On the other hand, you have been working with him and have a better idea of his temperament and health than one you just see once or twice first. He is very cute! Good luck in your search.
         
        04-18-2013, 04:01 PM
      #35
    Started
    One big problem here is you have lost faith in this person. Are you going to feel taken advantage of as you move forward if you do buy him?
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        04-18-2013, 04:48 PM
      #36
    Green Broke
    Or even if you don't buy him and wonder if she is trying to get over in other ways because you don't/didn't buy from her?
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        04-18-2013, 05:40 PM
      #37
    Started
    I'd lease him through the "prime" selling season, then offer a price I was more comfortable with in Oct/Nov. Of course, there is the mild risk that someone will come along, fall in love with him, and buy him over the summer... but it sounds like she doesn't really actively advertise her horses and if that's the case then it seems less likely that someone will buy him out from under you.
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        04-18-2013, 06:29 PM
      #38
    Banned
    It's the 15 year old part of the equation is part of what makes me think that the price is too high.

    Value starts to fall off gradually at 12; the only exception to that rule would be a horse with other skills, a show record, etc, you might pay that for a 15 year old. If you're south of Richmond, VA, for what you describe, $1500 - 2500 is a more typical price for a safe, broke, trail and pleasure horse you can continue to learn on. . My riding buddy bought a horse last year, same area, and essentially what you're describing, grade horse, aged, totally bomb proof confidence builder and packer and paid $2000.

    I do like him, based on that photo, and I think draft/QH is a lovely cross for what you want to do.

    I agree with all the other advice given on this thread.

    And if you do decide to purchase him, DO have a pre-purchase exam done by your own vet while you are present.

    $3700. Might not be too much to pay for your perfect horse that you'll enjoy for years to come, but it's definitely too much to pay for one that's older or unsound.
    franknbeans and demonwolfmoon like this.
         

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