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10 Tips you Should Know Before You Buy a Horse

January 24, 2010
When purchasing a pony, there are certain things you need to consider. You must be really sure of what type of horse to buy and you need to have a prepared home for it. Keep in mind that owning and taking care of a horse involves a long-term commitment. You need to know everything about it.

Before you purchase a pony, you may want to understand about the following guidelines.

1. Sellers have a tendency to present lots of horses, but if you know the right horse for you, you won't be confused. Never allow your seller to pressure you to purchase a horse that's not best for you. Stick to what you want and don't be influenced or lured by your seller.

If you aren't actually sure about the pony, then do not buy it. Wait until you find the right one. Buying a wrong horse mean purchasing yourself a headache. The most effective way to get the right horse is to lease it first.

2. Keep the option for negotiation open. Don't let the vendor know of your budget. Never show that you like the horse so much. This could make your seller think he/she can sell the horse even at an unfairly high price.

3. If you are purchasing a horse for your kid, talk to him or her first. Explain how important it is not not to demonstrate the seller their excitement.

4. To scale back the level of pressure exerted to you, tell your seller that you may ask your instructor first about the horse and you value your instructor's opinion.

5. To help you with your decision, ask your instructor to check the horse before you buy it. The only person who can say what you need and what suits you when it comes to horses is your instructor. Your instructor might ask you to pay for his or her professional recommendation and educated opinion.

6. Before you make an offer, estimate first the sales price your seller will be offering. Base your price guesstimate on the current conditions, conditions, the time the horse has been for sale and the vendor's private financial circumstances. If you can not guesstimate the price, ask your instructor what he thinks is a fair offer.

7. If you are unable to bargain, ask your seller for concessions like free tack. Or you can ask your seller free delivery of the horse. These are examples of industry standard practices, so you won't insult your seller.

8. Sales commissions are very typical in this type of transaction, so be prepared. Ask up front if there's someone asking for a sales commission and for how much. Sales commissions run from 10-20% of the acquisition price.

9. One significant thing that most buyers overlook is that they do not subject the horse for check up before buying. You need to know if the horse you are purchasing is healthy. Have an independent third party vet check the horse first. Then ask for the result and include it in your decision.

10. When purchasing a pony, have the exchange drafted in a form of a contract that may obviously state all the terms and the warranties of your purchase.


Article Source: ArticlesBase.com - Buying a Horse: 10 Tips you Should Know Before You Buy a Horse

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