termpaymentplans

We have been offering term payment plans for almost 16 years now and have offered them as long as we have been in operation. Following are some basic guidelines to how they operate, for more detailed information please contact us directly.

*****We have personally written and developed these guidelines over the last 15 years, if you are considering offering Term Payment Plans yourself please do not copy and paste this page to your own website as you will be infringing on copyright laws.

BASIC GUIDELINES

Our 'Term Payment Plans' are subject to an agreement which incorporates the following basic points:-

	A part-payment of 20% of the horses purchase price is payable upon agreement of sale. A smaller deposit may be acceptable in special cases, please contact us to discuss options. The horse remains on the open market until we receive this part-payment.
	The horse in question stays in the possession of Ky-ean Stud until full payment has been received, no exceptions. Full payment includes the purchase price plus gst, agistment, drenching, farrier, vet fees and any applicable gst charges.
	Payment periods range from 4-16 weeks depending on the purchase price of the horse, our basic payment term period is 3 months. These payment periods can be extended, conditions apply. The payment period varies depending on the purchase price of each horse. The payment period can be extended but once the basic payment period has elapsed the purchaser will be responsible for the feeding costs associated with such horse.
	A minimum monthly payment amount is calculated.
	Should the purchaser default on the sale in any way no money is refundable in any way, by placing a deposit on a horse you are expressly agreeing to this. If a buyer does default on the sale of a horse, we may at our discretion offer a horse credit to the purchaser, this credit is to be used on a horse of equal or more value then the amount already paid and must be used within 12 months of defaulting on such sale. If a horse is purchased of lesser value using a credit then the balance of the credit is non-refundable, all other costs are the responsibility of the purchaser. This credit is completely at our discretion and may or may not be granted to individual buyers.
	No interest charges apply during the payment period until the agreed 'payment due date' has elapsed, however the purchaser is responsible for the cost of drenching, dentistry, veterinary and farriery fees if applicable during this payment period.
	We strongly recommend that purchasers discuss with us insurance for the horse in question during the payment period and transport of such horse to its destination. We can arrange this on their behalf.
	A full breakdown of payments is available by contacting us.
	Horses purchased using our payment plans my be at a higher purchase price due to the increased costs for us to maintain such horse during the payment period.

These are the basic points that our 'Term Payment Plans' are structured around, if you would like any further information or would like to discuss options please feel free to contact us. We can be contacted by email at kyean@bigpond.com or by phoning 0267 856515

Potential buyers please be aware that there are allot of imitators out there offering Term Payment Plans. None of them have permission from us to model their agreements off ours or this web site, so please thoroughly investigate any agreement before you agree to such. Our 'Term Payment Agreement' and guidelines have been personally written and developed by ourselves and are copyrighted to such, no exceptions. These payment plans can become mine fields if you become involved with sellers who neither fully understand nor have investigated their responsibilities or those of the purchaser regarding such payment plans. BUYER BEWARE!

INSURANCE FOR HORSES. We strongly recommend to all purchasers that they take out insurance for any horse during the term payment period and/or transport to their destination. We are able to organise insurance on behalf of purchasers.

HOLDING DEPOSITS are available and calculated on 10% of the particular horses purchase price and are non-refundable. A holding deposit will hold a horse from being sold for a 2 week period. If you place a holding deposit and then go through with the purchase the amount of the holding deposit will be deducted off the horses purchase price. Term payment plans are still available in conjunction with a holding deposit being placed.

TERM PAYMENT PLANS are available on all of the horses that we offer for sale. These payment plans are based on a 20% deposit on agreement of sale and an approximate 3 month payment period. The payment period can be extended, conditions apply. The purchaser is not charged any agistment or interest during the payment period but is responsible for any drenching, farriery and/or vet fees during such time.