The husband recently tried a potential move up horse for sale that seems like it could be a good fit. We’re going back for another look with our trainer. If he passes that then we’ll negotiate a price and do a PPE.
A few people have suggested that we request a trial. In theory it sounds like a good idea, but I’m wary of all the potential things that could go wrong and wonder if it’s worth it.
The main reason we’d consider it in this situation is that the horse did throw in a few bucks over some jumps. Husband was able to stick the first couple times but the third one ended with him on a pile of poles. It didn’t happen over all the jumps and the horse settled back quickly but obviously it’s a concern (they were only jumping 2’3"/2’6").
The horse has been in a full-time lease for ~1.5 years and the leasee hasn’t experienced any bucking but a couple times he’s dropped his shoulders after a jump and she fell. Her trainer feels it’s more of a confidence issue and him still being a little green and not liking when the rider gets too forward. If that’s the case I wonder if the buck is just a stronger reaction to having a heavier rider.
We’ll definitely discuss with our vet for the PPE, but according to seller, leasee and trainer he’s been a really easy keeper and not had any major medical issues. I spoke to his current vet and he said they haven’t seen anything that raised a red flag, though they also haven’t done thorough lameness or neuro exams.
The horse is priced in the upper 4 figures. Not huge stakes but still a chunk of change so we’d want some confidence he’s going to be safe to ride. Also it would be nice to try him outdoors which is hard in the middle of winter. He’s not close enough to be convenient for us to trial on their property.
Another option is to potentially do a short-term lease. Since he’s already being leased this might sound less intimidating than a trial, but basically accomplishes the same thing. Of course in this situation the seller could still be showing the horse to other prospective buyers. That being said, it sounds like she hasn’t fielded a lot of inquiries to date.
Doubtful the owner would be interested in a buy-back option if we were to outright purchase as she’s moving out of state.
Would love any advice from people who’ve been on either side of any of these situations. My main questions:
- How concerned should we be about occasional bucking (assuming nothing comes up in PPE)?
- What's an appropriate time period to trial/lease? Our friend/trainer recommended 30 days.
- How to best handle exchange of money? I know for trials it's standard to pay a nonrefundable deposit that's part of the purchase price. How is the rest of the purchase amount handled? Do we pay full or partial upfront? Should someone hold the check in escrow? If we pay the full amount but end up returning the horse, how does one time the drop off/return of funds?
- Any other things we should take into consideration?