Buying Options Offered by The Stables at South Molton

South Molton offers several buying options:

1. Most of our customers pay with certified check. Additionally, we can process credit card payments.
2. Fractional ownership is available in quarter and half shares
3. For the young, we offer a unique plan design to help you get your first horse
4. Financing options are available

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For the occasional rider who desires to have access to a high quality horse, we offer some horses on a fractional ownership basis. Here is how it works:

• You can buy quarter or half shares in a horse (horse version of a timeshare).
• South Molton administers the owner agreement including maintaining usage schedule, date swapping, facilitating owner agreements, etc.
• Owners decide on the South Molton boarding and horse care options on an annual basis and share these costs based on their shares.
• Not all horses are available for fractional ownership.
• Contact us for horse availability, selection and full details of the program.

We remember when we were just starting out how hard it was to get our first horse and all the issues of where to keep it, how to train it and where to find the money to pay for it.

• To qualify, you must be between 12 and 22.
• You can take up to 4 years, interest free to pay for the horse as long as you make regular monthly payments or work for South Molton on reliable, satisfactory basis.
• While paying off the horse, the horse remains property of South Molton.
• You can ride and train your horse on-premise but the horse is not permitted off-premise unless on a South Molton trail ride or event, until you have paid 80% of the horse and you have no other outstanding bills with us.
• We will make untrained horses available for purchase to save you money by training the horse yourself.
• We will make some tack available for you to use.
• We will allow you to work in lieu of payments for boarding cost of the horse.

If you cease to work for The Stables at South Molton and/or cease to make agreed upon payments for the purchase, board or coaching of your horse for a period of 60 days, South Molton reserves the right to terminate their agreement with you. You will be given the option to pay in full money owed for the remainder of the contract and remove the horse from our premises or forfeit all equity in the horse.

We offer fully secured financing plans to qualified buyers.

• Terms of 12, 24 and 36 months available.
• Zero percent financing provided with on time payments.
• A minimum of a 20% down payment required.
• While paying off the horse, the horse remains property of South Molton and must be boarded at South Molton (see horse boarding section for boarding rates) until paid off. Boarding discounts are not available while financing the horse.
• You can ride and train your horse on premise but the horse is not permitted off-premise without security deposit until you have paid 90% of the horse; unless being transported by South Molton for a South Molton event.