What is a fair price for a horse?
What is a fair price for a horse?
In fact, listings can range from free horses to steeds costing upwards of $100,000 – and sometimes far more for an elite show. However, most pleasure riders can find a good-natured, healthy trail horse for less than $5,000.
Who pays horse sale commission?
Depending upon the price of the horse, the equine professional’s reputation in the industry and horse’s intended use, commissions are typically 10-25% of the sale price. However, a trainer and client can agree upon any level of commission.
Is there a horse lemon law?
Horse Lemon Laws: In most states, if you buy a motor vehicle that turns out to be a lemon, there is an Automobile Lemon Law to protect you and to help you recover from financial loss. Not so with horses unless you live in or bought your horse in Florida which is the only state that has an actual Equine Lemon Law.
What does SOLD AS SEEN mean when buying a horse?
Sellers often use “sold as seen” in an attempt to record that a buyer takes a horse in its existing condition with no guarantee of its performance. Sellers may believe it precludes liability if the horse is found to be not suitable.
How much is the cheapest horse?
Those looking for a first-time horse will probably need to have anywhere from $1,500 to $3,000 in their budget for the purchase. You may be able to find a gem for less than this, but having that amount will give you the greatest number of choices. The more you have to spend, the more choices you will have.
What’s the law on buying a horse privately?
Buying privately is a different matter. The law ‘caveat emptor’ (let the buyer beware) exists. If the horse has a problem, you must be able to prove the seller knew, or ought to have known, about it in order for you to get a refund. And suing for breach of contract can be difficult, lengthy and costly.
Can a seller of a horse not be a dealer?
However, if the seller of the horse is not a dealer, the Sale of Goods Act does not apply and the principle of ‘Caveat Emptor’ (‘buyer beware’) applies.
Who is a horse dealer in the UK?
In this context, a ‘dealer’ is anyone who buys and sells horses regularly (or at least from time to time and for the purposes of profit) or someone who is professionally involved in the riding or training of horses. For example, this would include a breeder or riding school proprietor.
What makes a cheap horse a good horse?
Understand that some low-cost horses will need extensive training or additional care and they may or may not come with registration papers, hence their cheap price. If you are willing to train a horse yourself and possibly ignore their lack of papers, then a low-cost horse may be perfect for you.