Seller is probably wanting to sell them because he wants money now. If not, see if he will let you pay them out over x period of time, but that's a rare case unless he really likes you. If he's trying to sell 80 hd and you are only buying 5, he's also probably not going to let you come in and top them unless you are paying a lot more than someone else would that is buying the whole group (at least we wouldn't).
"Creative" financing usually causes a whole lot more trouble than its worth for many of the aforementioned reasons. Keep it on the straight and up. Banks ain't that tight on money if you've got the proper downpayment or collateral. If you don't, reconsider whether you need to be buying them. It's hard to make those high payments when you are also having to pay high feed bills, etc. to take care of them.
I see a bunch of cattle I'd love to buy at sales, some even from some SP members. But I think its a real bad idea to borrow money on show cattle - at least borrowing more than they are worth from a commercial standpoint. So if I can't pay cash, I wait.
"Creative" financing usually causes a whole lot more trouble than its worth for many of the aforementioned reasons. Keep it on the straight and up. Banks ain't that tight on money if you've got the proper downpayment or collateral. If you don't, reconsider whether you need to be buying them. It's hard to make those high payments when you are also having to pay high feed bills, etc. to take care of them.
I see a bunch of cattle I'd love to buy at sales, some even from some SP members. But I think its a real bad idea to borrow money on show cattle - at least borrowing more than they are worth from a commercial standpoint. So if I can't pay cash, I wait.
