What is the usual procedure?

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What is the usual procedure?

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    05-16-2010, 01:34 AM
Question What is the usual procedure?

I'm currently looking to buy a mare, she is currently raising a foal, and won't be available to come here until July. The owner wants to be paid now, and I collect the mare in July, I thought that the standard form would be to pay a deposit now, the pay for her in full when I collected her. Who is correct?

OH, and what do you think, nice or what?

As you see she currently has 2 foals, the big guy is hers and the little one is an orphan that she is raising.
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    05-16-2010, 01:39 AM
I agree with you deposit first, full payment later. Maybe you could also strike a deal with them and say pay half now and half later.

That mare is really really pretty! What a beautiful mover!
    05-16-2010, 02:16 AM
I personally would not pay full price for a horse until I had the lead rope in hand. There is just too much chance that something could go very wrong in the next 2 months and these days, you never really know who you can trust. I would say that a deposit (maybe 10% or 15% of total price) now and the rest when you get her would be more reasonable.
    05-16-2010, 02:18 AM
It is entirely up to you and the owner. What I do suggest is write everything up. Everything. What if the mare is injured between now and the pickup date? Who pays? What if the injury is a complete accident? What if the injury is due to negligence? What if, heaven forbid, the mare dies? Who pays for boarding costs between now and then?
Lots of complicated questions to ponder. If you pay outright, the usual procedure is that the mare is your responsibility; but if you do partial payment, there's a grey area.
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    05-16-2010, 08:57 AM
A bit off topic, but what a wonderful mare! I have had mares that have lost a foal act as nurse mares before, but have never seen one raise both an orphan and their own baby.
    05-16-2010, 11:09 AM
She is a lovely looking mare and has a great nature, and I just never tire of watching her move.

I do have a contract here, that covers everything about who is responsible for what, we are just trying the thrash out the payment.

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