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Aug 12 08 7:35 AM
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Aug 12 08 7:42 AM
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Aug 12 08 8:13 AM
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Aug 12 08 8:38 AM
RabbitMage wrote: Maybe you can tell me if this is common. I have been ALL excited the last week, because the woman who owns my first Mini Horse offered him to me, and accepted my offer. We agreed on the amount over e-mail, then on the phone reached an agreement about a down payment (20-25% the total cost) and a payment plan. Things were looking good. Then today, I get an e-mail saying that she has thought about my offer of $XXX down (the amount she gave is more than we agreed on over the phone) and $XXX a month, and she needs me to either come up with 2/3rds down OR double my monthly payment. She needs to be able to buy hay to stock up for winter which I understand completely, but...I thought we agreed. I was really happy. Now the terms have changed and simply put I can't meet them. THEN, I read over the sales contract she sent along. Regardless of my down payment, he has to stay on her property until he is 2/3rds paid off. While he's there, I am responsible for any and all costs-routine care to catastrophic vet bills. Also, I'm being charged 10% interest on my payments. He is being sold as is, but if I'm unable to uphold my part of the contract he has to be returned 100% mentally and physically sound, or else. I haven't bought or sold a horse in a while. This is the most expensive horse I've ever bought on my own. Is this common? Is this normal? Does any of this sound unusual or excessive? Mostly, I'm just upset. I was so excited about having him back, but there's just no way I can meet her expectations now. THIS IS EXACTLY WHY YOU HAVE A WRITTEN CONTRACT ON ANY HORSE SALE. NEVER EVER GO INTO THE PURCHASE OF A HORSE WITHOUT A CONTRACT IN PLACE.
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Aug 12 08 8:41 AM
You bought the pony originally on a payment plan, sold him later, and are now buying him again on a payment plan. Is that correct? Having never done the payment plan thing I have no advice but, her contract changes at the "last minute" so to speak are concerning. I don't know why she feels she needs to add interest to your agreed upon monthly payment and it doesn't sound fair especially since you would also be responsible for his care and maintenance. Then also to change the terms to something she must know you can't afford is wrong. Take time to safely gather the money and buy him outright. I would be concerned that she might not honor your contract even after it was signed. Good luck! I hope it works out for you.
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Aug 12 08 11:37 AM
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