Congratulations! Hopefully, you have found this page
because you are thinking of buying that new partner, and are wondering what our
normal practice is for paying for horses.
Buying a horse (especially off the internet from someone you
don't know) is a big deal, and we definitely want to all be on the same page so
we don't have misunderstandings. From our experiences as buyers and also
as sellers, we have found that some practices make the buying/selling much
easier.
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 Cedar Ridge and the buyer). Click
here to find out why it is non-refundable.
We prefer to have a sale/purchase contract for all sales,
but require it for any sale where a deposit has been made to hold a horse
for more than 2 weeks, or any sale where the buyer is making payments on the
horse. This is for both your protection and ours. Sample sale
contract (which is changed to reflect each situation).
Whether a sales contract is in place or not, our procedures
are still the same. Some of these procedures include:
Horses may not be marked sold until fully paid for. Horses
with a deposit received may be marked with a sale pending.
Deposits will
hold horses for a period of time determined by Buyer and Cedar Ridge
jointly.
Deposits are
non-refundable. Click
here to find out why they are non-refundable.
Mortality insurance coverage is required for any sale where the
horse will not be picked up within 2 weeks, unless otherwise agreed
upon. Buyer will pay for insurance coverage, which is usually
3.5% of the value of the animal for a full year. When the
policy is cancelled, the unused/prorated portion of the premium is refunded by the
insurance company.
Foals will be dewormed prior to weaning (generally more than
once), and if foals are over 7 months of age, they will probably have their first EEWT and West
Nile
vaccinations. Specific vaccines can be given if requested and at
buyer's expense.
Foals will be accustomed to being led and having their hooves
picked up, but as with all foals, will require continued training at
their new home. :-) Buyer will be notified of any
deviation from this norm.
Horses are sold as is at the time of sale, and we are not
responsible for illnesses, injuries, or other health issues that
become apparent after we sell a horse. Please ask questions when
buying any horse (no matter who you buy from), so you feel
comfortable that the horse is what you are looking for.
Full payment is required at least 2 weeks prior to releasing the horse
unless the buyer is bringing cash.
Please notify us in advance if you are bringing more than
$2000 in cash.
A horse is not considered reserved
or sold until a deposit has been
made, or unless full price received by Cedar Ridge Quarter Horses.
accepted
via
for videos, but wire transfers, cash or cashier's checks and money
orders are required for horse purchases due to the cost of using credit
cards (exceptions exist...contact us for details).
We will keep the horse for a short period of time that the buyer
agrees upon at no charge, and will provide the horse the same care we give
our own (timely hoof care, good feed, etc.) until the horse can be picked
up/transported. See sample contract.
Beyond an agreed-upon short time (other than in cases of weaning a foal), a board fee may be established.
Foals should be picked up a couple weeks after weaning unless otherwise
agreed upon.
Pre-purchase exams are at the buyer's
expense.
Coggins and health papers are at our expense if you are out
of state.
Special health paperwork necessary for shipping out
of the country is at the buyer's expense.
We will try to adapt your new horse's feeding program, if
possible, to closely match your own prior to shipping. This reduces
stress on the horse.
Deposits
Non-refundable Deposits Deposits are non-refundable due
to experiences we and other breeders/sellers have had. When a deposit is
made on a horse, we tell other potential buyers that the horse is no
longer available. Those potential buyers then spend their money on
different horses or for
other uses. Often, at the time that a buyer backs out of the purchase of a horse,
those people who had previously wanted the
horse are no longer able to buy. The effects of this are at least
two-fold:
Those potential buyers are angry, because the horse they really wanted
is now for sale again, but they can't buy it because they've already
allocated their money elsewhere. This creates a negative
image of the seller in their minds.
We sellers now have to go through the entire process again of advertising,
sending videos, answering inquiries, etc. again in order to sell the horse. This can become time consuming,
and also causes expense. Potential buyers can be suspicious, wondering
why this horse is for sale again. Their first thought is that something
is wrong with it, when in reality it might just be that the buyer couldn't
finish paying or had to move or lost an income, etc. Often, the buyer
backs out on the horse at a time of year that the market is down (winter).
When this happens, especially, it is much more difficult to re-sell the horse
and expect the same price.
We really don't want you to make a deposit on a horse unless you are SURE you
want the horse.
Pleasedo not place a deposit unless you know you can pay
the remainder of the horse's price or unless you have already
established a contract with Cedar Ridge Quarter Horses.
Deposits
(non-refundable) can hold horses for a short period of time (based upon
agreement between buyer and seller) to allow you to arrange shipping and/or reach a contract with us. Contract is required
if we are expected to keep the horse for more than 2 weeks after receiving
a deposit...this is to protect both the buyer and us.
Because of this, we don't anticipate having any problems
with non-refundable deposits. To ensure you are happy with your decision,
we will make every effort to answer all of your questions about the horse(s) you
are interested in. Videos are usually available with a $10 deposit to help
you make your decision.
Insurance
Mortality insurance coverage is required for any sale where
the horse will not be picked up within 2 weeks, unless otherwise agreed
upon.
It is required for any situation where a buyer is buying on
payments.
If insurance coverage is not purchased for a horse being
sold on payments, and the horse dies, seller will not refund payments to the
buyer.
Buyer will pay for insurance coverage, which is usually 3.5%
of the value of the animal for a full year (generally, about ($100 to $300
per year for most of our horses, which works out to be about $10 to $25 per
month).
We have used
www.eqgroup.com for many insurance policies, and have been happy with
their service.
When the policy is cancelled, the unused portion of the
premium is refunded by the insurance company.
Buying on Payments
We can sometimes provide payment
plans, but generally try to reserve that option for foals prior to weaning
or for mares that have not yet weaned a foal which is not being purchased
with the mare.
Payment plans for other horses bring up
issues that are best prevented by selling or buying a horse outright.
For example:
Who is responsible if the horse gets sick,
injured, or dies in the middle of the payment plan?
Will there be a board cost, since the seller is incurring board
that there otherwise would not be if the horse sold outright?
Will the seller provide the training that the buyer would if the
buyer had possession?
Will the buyer be able to take possession of the horse before
full payment? (our answer here is "no.")
How long will payments be allowed, and how long before
shipping is the last payment due?
We could tell you stories that we've
heard, but it's just best to say that payment plans are scary for both buyer
and seller due to liability issues.
Videos
Sorry...we now charge for videos to cover our costs due to
abuses by
people who were just looking for free entertainment in the past.
Hey, we like free things too. :-)
Please do not order a video unless you have contacted us
first, to see if we have a video available for the horse you are interested
in or to see if we can make a new video.
$7.50 Order a video.
Click the PayPal button to add a video to your cart. Then choose
"checkout" or return to this page to continue looking around. At
any time, click the "view cart" button after this sentence to supply
your information and finish the transaction.
Then e-mail us to make sure we have
your postal address so we can send a video to you. Be sure to tell us
which horse you want to see on the video! International orders...there
will be a slightly higher fee for postage.
Miscellaneous Buttons
Multiple-item payments (use if you need to pay for more than one
item with one charge)
Single-item payments (use if you only need to make one payment
and for only one item)
Our graphics are all created as
original work, or else are from free image sites. If you know of a graphic
on one of our sites that you feel is in violation of copyright laws, please e-mail
us or call us, and we will happily replace it.
Under Iowa Law (and almost all states' laws),
a domesticated animal professional is not liable for damages suffered by, an
injury to, or the death of a participant resulting from the inherent risks of
domesticated animal activities, pursuant to Iowa Code Chapter 673. You are
assuming the inherent risks of participating in this domesticated animal
activity when you interact with, buy or ride any horse in the state of Iowa.
**Some of our pedigree information was
provided by American Quarter Horse Association from its Official Records. All
rights reserved. Join AQHA and receive 2 free pedigree searches each
month! Pedigree research also via
www.allbreedpedigree.com.
We are not professional pedigree researchers, and are not responsible for incorrect
pedigree research obtained from these sites and other sources.
The information provided is "as is" with all faults and without
warranty of any kind, expressed or implied. In no event shall Cedar Ridge
Quarter Horses/Todd or Toni Perdew be liable for any incidental or consequential
damages, lost profits, or any indirect damages caused by the information
presented.
accepted
via 
for videos, but wire transfers, cash or cashier's checks and money
orders are required for horse purchases due to the cost of using credit
cards (exceptions exist...contact us for details). 
