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Payments and Procedures
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Payments & Procedures
Our main goal is to make sure all parties involved are happy with their new purchase & our horses find a great home. Buying a horse, especially off the internet from someone you don't know, is a big deal, and we all want to be on the same page so we don't have misunderstandings & we both have a great experience.
These are general rules we have found that we follow when selling horses that make the sale the most comfortable for both us and for you. Unless a contract specifies otherwise, the following guidelines apply for all of our sales:
Any horse for sale requires full payment or else a non-refundable deposit to hold (generally 20% of the sale price or $500, whichever is higher) unless the amount of the deposit was agreed upon to be different by both 7-5 Ranch and the buyer.
We prefer to have a sale/purchase contract for all sales, but require it for any sale where the horse will remain longer than 15 days or the buyer is making payments on the horse. This is for both your protection and ours.
Death or Injury During Extended Board: If you request that we keep a horse longer than 15 days after its purchase, please be aware that if the horse dies or is injured, you are liable for vet bills.
--This is because we stop pursuing the sale of a horse once a reservation is made. Therefore, we are doing the favor of allowing the buyer to leave a horse at our property to give the buyer more time to pay for their new horse.
--The expense to us is that we are no longer able to sell the horse to a buyer that would immediately take their new horse home.
--Payments made may not be refunded.
--We highly recommend insuring any horse you can't transport home in a timely manner to protect yourself should a death of the horse occur.
Insurance: Mortality insurance coverage is strongly recommended for any sale where the horse will not be picked up within 2 weeks, unless otherwise agreed upon. This is a very inexpensive "peace of mind" action for both you and us!
Payment Due Date: Full payment is required & all checks must be cleared prior to releasing the horse unless the buyer is bringing cash or other prior arrangements have been made. We recommend paying in full if you are working on shipping arrangements as some companies may be available to book you immediately.