I backed out of a horse purchase..is it wrong to ask for my money back? - The Horse Forum
 
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post #1 of 6 Old 01-12-2011, 01:27 AM Thread Starter
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I backed out of a horse purchase..is it wrong to ask for my money back?

I was looking to buy a horse for me to pleasure ride plus I needed a companion for my colt. My colt was a rescue and barely 3 months when I got him. My friend needed to wein her mare from her 5 month old filly and asked if I wanted to borrow her for a companion for my colt till I found a horse. Her mare was also for sale at the time but I didn't consider her because my ved advised me to get a gelding not a mare. He said my colt was stunted and I should wait as long as I could to geld him. Hence..a gelding. I found this beautiful arabian gelding, rode him, and loved him! Seller and I agreed on $2,000. She also was letting me make payments. He was kept at her house in the meantime. After working with him, riding him and spending a lot more time with him I started to realize he was way too much horse for me. He constantly tested me, I could not get him to trot he would always try to buck me off when I'd ask. When I first rode him the seller rode her older gelding and I followed her. But now that it was just me and him everything chaned. The seller raised him. He is very good with her. I knew he would be a great horse I just didn't have the experience and the confidence he needed to become that. I also was falling in love with my friends mare. My friend told me she had a buyer for her and I freaked out. The mare had been at my house for 2 months by now. I became so close with her and she was so good with my colt I could not even think about letting her go. Plus I was so frustrated with my new gelding getting bucked off just made me a little on edge around him. So I talked to the seller. She was really nice. I knew she spent the $1,000 I paid her so far. I did not think it was fair of me to ask her for my money back. She has lots of pasture and I said maybe I could pasture my horses there to help square up on the money. That was 5 months ago. We still keep in contact a little. She just told me she has another buyer for the gelding. Would it be wrong for me to ask for my money back? or at least some of it? $1,000 is a lot of money and I could really use it. I don't feel as bad now that she's selling him again. What should I do?
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post #2 of 6 Old 01-12-2011, 01:33 AM
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If this was a week ago, I'd say it was ok.
Since it was 5 months ago, I'd say your chance has come and gone.

But to be on your side, if you had decided you had wanted to give the horse back, and I was the seller, I would have at least given you payments to get your money to you. If she hasn't given you the money already, you are kinda out of luck. Sorry.
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post #3 of 6 Old 01-12-2011, 01:35 AM
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I don't think you should get your money back, she has paid for the upkeep of the horse she wanted to sell for 5 months. Sorry.
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post #4 of 6 Old 01-12-2011, 02:20 AM
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At this point, 5 months down the track, yes I think it would be wrong for you to ask for your money back.

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post #5 of 6 Old 01-12-2011, 05:04 AM
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[QUOTE=A knack for horses;886567]If this was a week ago, I'd say it was ok.
Since it was 5 months ago, I'd say your chance has come and gone.

You should have asked for your money back the minute you decided you didn't want him. It's too late now. Sorry.
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post #6 of 6 Old 01-12-2011, 08:20 AM
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No, I do no think you should ask for your money back.

It was a deposit. The deposit is to hold the horse for you, which means it was off the market the whole time you were buying it. The horse had to be fed and cared for during that time (did she make you pay board?).

The seller might have missed out on other sales, etc.


Glad things are working out with your friend's mare.
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