• Welcome to the Chronicle Forums.
    Please complete your profile. The forums and the rest of www.chronofhorse.com has single sign-in, so your log in information for one will automatically work for the other. Disclaimer: The opinions expressed here are the views of the individual and do not necessarily reflect the views and opinions of The Chronicle of the Horse.



Forum rules and no-advertising policy

As a participant on this forum, it is your responsibility to know and follow our rules. Please read this message in its entirety.

Board Rules

1. You’re responsible for what you say.
As outlined in Section 230 of the Communications Decency Act, The Chronicle of the Horse and its affiliates, as well Jelsoft Enterprises Ltd., the developers of vBulletin, are not legally responsible for statements made in the forums.

This is a public forum viewed by a wide spectrum of people, so please be mindful of what you say and who might be reading it—details of personal disputes are likely better handled privately. While posters are legally responsible for their statements, the moderators may in their discretion remove or edit posts that violate these rules. Users have the ability to modify or delete their own messages after posting, but administrators generally will not delete posts, threads or accounts upon request.

Outright inflammatory, vulgar, harassing, malicious or otherwise inappropriate statements and criminal charges unsubstantiated by a reputable news source or legal documentation will not be tolerated and will be dealt with at the discretion of the moderators.

2. Conversations in horse-related forums should be horse-related.
The forums are a wonderful source of information and support for members of the horse community. While it’s understandably tempting to share information or search for input on other topics upon which members might have a similar level of knowledge, members must maintain the focus on horses.

3. Keep conversations productive, on topic and civil.
Discussion and disagreement are inevitable and encouraged; personal insults, diatribes and sniping comments are unproductive and unacceptable. Whether a subject is light-hearted or serious, keep posts focused on the current topic and of general interest to other participants of that thread. Utilize the private message feature or personal email where appropriate to address side topics or personal issues not related to the topic at large.

4. No advertising in the discussion forums.
Posts in the discussion forums directly or indirectly advertising horses, jobs, items or services for sale or wanted will be removed at the discretion of the moderators. Use of the private messaging feature or email addresses obtained through users’ profiles for unsolicited advertising is not permitted.

Company representatives may participate in discussions and answer questions about their products or services, or suggest their products on recent threads if they fulfill the criteria of a query. False "testimonials" provided by company affiliates posing as general consumers are not appropriate, and self-promotion of sales, ad campaigns, etc. through the discussion forums is not allowed.

Paid advertising is available on our classifieds site and through the purchase of banner ads. The tightly monitored Giveaways forum permits free listings of genuinely free horses and items available or wanted (on a limited basis). Items offered for trade are not allowed.

Advertising Policy Specifics
When in doubt of whether something you want to post constitutes advertising, please contact a moderator privately in advance for further clarification. Refer to the following points for general guidelines:

Horses – Only general discussion about the buying, leasing, selling and pricing of horses is permitted. If the post contains, or links to, the type of specific information typically found in a sales or wanted ad, and it’s related to a horse for sale, regardless of who’s selling it, it doesn’t belong in the discussion forums.

Stallions – Board members may ask for suggestions on breeding stallion recommendations. Stallion owners may reply to such queries by suggesting their own stallions, only if their horse fits the specific criteria of the original poster. Excessive promotion of a stallion by its owner or related parties is not permitted and will be addressed at the discretion of the moderators.

Services – Members may use the forums to ask for general recommendations of trainers, barns, shippers, farriers, etc., and other members may answer those requests by suggesting themselves or their company, if their services fulfill the specific criteria of the original post. Members may not solicit other members for business if it is not in response to a direct, genuine query.

Products – While members may ask for general opinions and suggestions on equipment, trailers, trucks, etc., they may not list the specific attributes for which they are in the market, as such posts serve as wanted ads.

Event Announcements – Members may post one notification of an upcoming event that may be of interest to fellow members, if the original poster does not benefit financially from the event. Such threads may not be “bumped” excessively. Premium members may post their own notices in the Event Announcements forum.

Charities/Rescues – Announcements for charitable or fundraising events can only be made for 501(c)(3) tax-exempt organizations. Special exceptions may be made, at the moderators’ discretion and direction, for board-related events or fundraising activities in extraordinary circumstances.

Occasional posts regarding horses available for adoption through IRS-registered horse rescue or placement programs are permitted in the appropriate forums, but these threads may be limited at the discretion of the moderators. Individuals may not advertise or make announcements for horses in need of rescue, placement or adoption unless the horse is available through a recognized rescue or placement agency or government-run entity or the thread fits the criteria for and is located in the Giveaways forum.

5. Do not post copyrighted photographs unless you have purchased that photo and have permission to do so.

6. Respect other members.
As members are often passionate about their beliefs and intentions can easily be misinterpreted in this type of environment, try to explore or resolve the inevitable disagreements that arise in the course of threads calmly and rationally.

If you see a post that you feel violates the rules of the board, please click the “alert” button (exclamation point inside of a triangle) in the bottom left corner of the post, which will alert ONLY the moderators to the post in question. They will then take whatever action, or no action, as deemed appropriate for the situation at their discretion. Do not air grievances regarding other posters or the moderators in the discussion forums.

Please be advised that adding another user to your “Ignore” list via your User Control Panel can be a useful tactic, which blocks posts and private messages by members whose commentary you’d rather avoid reading.

7. We have the right to reproduce statements made in the forums.
The Chronicle of the Horse may copy, quote, link to or otherwise reproduce posts, or portions of posts, in print or online for advertising or editorial purposes, if attributed to their original authors, and by posting in this forum, you hereby grant to The Chronicle of the Horse a perpetual, non-exclusive license under copyright and other rights, to do so.

8. We reserve the right to enforce and amend the rules.
The moderators may delete, edit, move or close any post or thread at any time, or refrain from doing any of the foregoing, in their discretion, and may suspend or revoke a user’s membership privileges at any time to maintain adherence to the rules and the general spirit of the forum. These rules may be amended at any time to address the current needs of the board.

Please see our full Terms of Service and Privacy Policy for more information.

Thanks for being a part of the COTH forums!

(Revised 1/26/16)
See more
See less

Purchasing a Horse w/Trial Period -- How to Do Payment

  • Filter
  • Time
  • Show
Clear All
new posts

  • Purchasing a Horse w/Trial Period -- How to Do Payment

    I am looking at a horse that I'm seriously interested in. Seller is willing to do a 30 day trial. Neither one of us has done much selling/buying and I was wondering what the "norm" might be when it comes to paying for this type of situation. Do I pay all the purchase price up front? Pay a certain percentage -- this makes the most sense to me? Or pay nothing till trial period is over -- that doesn't seem right.
    Susan B.

  • #2
    Depends on how much you are talking about, I would think. For example, for a horse under $10,000, I would probably elect to pay the entire price up front, with a well written contract that spelled out how the money was to be held (in an escrow account) and how long the seller had to return it if the horse was returned. For an amount over $10,000, I would probably try to negotiate, half now, half at end of trial period.

    "Avoid loud and aggressive persons, they are vexations to the spirit."
    - Desiderata, (c) Max Ehrman, 1926


    • #3
      it would be in the seller's best interest to have the horse paid in full up front. No sale horse leaves my farm until it is paid in full-- too much can happen. Cashier's check for full purchase price and if the horse is returned to me in identical or better condition than when it left, I will give a cashier's check back.

      I would not as a seller be OK with half now and half later, unless there was an absolutely bulletproof you-break-it-you-buy-it clause.
      Originally posted by PeanutButterPony
      you can shackle your pony to a lawn chair at the show...so long as its in a conservative color.


      • #4
        You pay the entire price up front. I would not expect a seller to let you take a horse off their property without the entire price paid in full. Have a written contract to serve as your receipt. Before the trial period is up you have the option to return the horse, however, only if the horse is in the same condition as when you took it. If the horse gets hurt, it is yours! For a more expensive horse, insurance would be a good idea.

        Do not take a horse on trial unless you are pretty darn sure you want to buy the horse. If you are uncertain about purchasing the horse, go back and try it again on another day or ask to try it at a location that would mimic what you want to actually do with the horse.

        Many sellers will not do trial periods because too much can go wrong--the horse can be ruined, blemished, or injured; other potential buyers will be turned away in the interim; the sale process is dragged out, etc.


        • #5
          Whatever you decide to do, have a written contract. You don't need a lawyer for this, but you do need to have a written agreement on what is going to happen, how the horse will be cared for/used during the trial period, how non-routine vet issues will be handled, how the money will be handled, how death or injuries will be handled and how the return of the horse will be handled. I want to stress the latter needs to be described in detail. Hopefully everything will go well and the horse will remain in his new home, but I've also know of trials where the horse is seriously injured in a new environment and one where the horse was killed.

          I would also strongly recommend getting an equine mortality/major medical policy for the horse. That limits the risk if something really awful happens.
          Where Fjeral Norwegian Fjords Rule


          • #6
            This is how I do these type of sales.

            Horse has to be fully vetted the day of the move. (I will take horse to vets and then I will trailer horse to new home or buyer will take horse from vets.) The vetting depends no what the horse will be used for. After a full vetting and blood being pulled (to be storied if something comes up later) The buyer pays for horse in full and the contract is signed. Horse is loaded and off to new home. Buyer has to let me know by day 28 if horse is not working and will be coming back. I require that they keep in contact with me every 4-5 days so if they are having any problems they can be addressed right away. If they are happy then they own the horse. if they are not then horse has to be vetted again before coming back at buyers expense. I try to have the 2nd vetting booked at the time of the first so that there is no problems getting it done on time.

            Seems like a lot but if they truly want the best for the horse they have no problems and both parties are covered if anything goes wrong.

            I have tried doing it other ways and it just doesn't work out.
            My life motto now is "You can't fix stupid!"

            Are you going to cowboy up, or lie there and bleed


            • #7
              Depends on the price and what you were both comfortable with.

              When I let my $4k mare go on trial, they left a $2k check with me. We agreed that in two weeks she would either be returned (money refunded) or they would send the rest of the money. I had a good feeling about the people, in my gut I knew it felt right. So this arrangement was fine with me. (They ended up keeping her and sending the rest of the $$).
              Originally posted by barka.lounger
              u get big old crop and bust that nags ass the next time it even slow down.

              we see u in gp ring in no time.


              • Original Poster

                Thanks all. As the buyer I feel very privileged to be allowed a trial period. I know how vulnerable this can leave the seller. I want to make sure that the seller is well protected even though we aren't talking about a great deal of money in the horse selling business. Will follow the advice given.
                Susan B.


                • #9
                  I have had trial periods with four horses. We purchased three of them and returned the fourth. With all of the transactions, I gave the seller two checks. The first check was an agreed-upon percentage of the purchase price, which was a "courtesy payment" to the seller for the trial period. It was agreed that if we did not keep the horse, the courtesy payment was not refundable to me. If I did keep the horse, the courtesy payment was part of the full payment for the horse. The second check was for the remainder of the purchase price.

                  For us, the courtesy payment was around 5-10% of the purchase price, usually in the neighborhood of $300-$500.

                  Both of us signed an agreement which specified all of the terms and conditions of the trial period. The agreement contained housing requirements, where we could take the horse, acceptable activities, etc. For example, for my horse, I included several lessons with my instructor (I listed her name and her ICP certification level, plus the address of her facility), trail riding locations, and the date, time and address of a Hunter Pace we attended. I agreed to contact the seller at least twice a week to let her know how things were going. I also took out insurance on the horse for the amount of the full purchase price, naming the seller as the sole beneficiary.



                  • #10
                    I like the 10-20% non-refundable deposit with insurance required (WITH YOU as the beneficiary- this way there is some kind of value assigned to the horse, you are listed as the owner for the length of the policy/trial, and in the case something goes awry- like buyer not paying- you have some kind of evidence other than a contract for civil proceedings). This ensures that the seller gets SOMETHING for the inconvenience, and keeps the buyer from simply taking advantage of the "free" trial period. Also, keep in mind that anyone can give you a check. Heck, I could write you a check for $100k. Doesn't mean it will clear. Have the seller pre-arrange verifiable funds for the full amount, and outline this in the contract.

                    Also, it's important to get the PPE done BEFORE the horse leaves your property. This documents his physical condition before the trial period begins. It is not unheard of for trials to go well, then have the buyer back out because of a "failed" PPE. Don't waste your time with something like this- the trial should depend ONLY on the performance of the horse during that time period. I think that in some way, it also indicates the serious intentions of the buyer- no one wants to pay for a PPE if they don't really want the horse.

                    I am of the opinion that trial periods are a totally reasonable expectation on behalf of buyers, particularly if the horse is expensive. I do not want to drop $50k on something that isn't going to fit MY needs or work well in MY program. When I purchased my current horse, I had him on a 30 day trial, during which time I paid a non-refunable "lease" fee that was then applied to his purchase price. Before he came to me, his PPE was completed, I paid for an insurance policy in the sellers name, and placed money into an escrow account to verify funds to the seller.
                    Here today, gone tomorrow...


                    • #11
                      What we did with the last gelding I sold for the owners.

                      Buyer gave us a check for the full amount.

                      Insurance MUST be taken out on the horse in the buyer's name with seller as loss payee.

                      We didn't do a PPE before he left the farm, but next time I think that would be a good idea.

                      We just held the check until the end of the trial period (the person ended up loving him and still has him) and we just got a call from the buyer who said "cash it" and we deposited the check!

                      Went seamlessly.
                      Friend of bar.ka!
                      Originally posted by MHM
                      GM quote of the day, regarding the correct way to do things:
                      "There's correct, and then there's correct. If you're almost correct, that means you're wrong."


                      • #12
                        My BM is selling one of her horses and doing a 30 day trial. PPE done before horse leaves property. Buyer gave her a check for full purchase price to be held until the end of the trial period. I'm not sure if they are insuring the horse before he leaves, but if it was me the horse would not leave until he was insured.