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I'm guessing the price of the horse being 500 is a factor of your reputation with the vendor according to this reddit post - https://www.reddit.com/r/kingdomcome/comments/9fwb3x/horse_prices_different/
You could haggle with the vendor one item at a time when selling and also give the vendor an extra tip per transaction to quickly increase reputation.
Another reddit post says that it is possible to lose the horse you bought and all the stuff on them if you complete the quest where you get pebbles or pebbles is unusable to you for the rest of your play through.
https://forum.kingdomcomerpg.com/t/pebbles-reward-bugging-out-if-you-own-a-horse-already/63011
https://www.reddit.com/r/kingdomcome/comments/815po4/do_not_buy_a_horse_before_getting_pebbles/ granted these are older posts and recent updates may have fixed this idk.
P.S. caution, possible spoiler having a horse before pebbles and doing at least one of the main quests may provide a few different cut scenes/scenarios, that's interesting.
They fixed most of Pebbles bugs. If you own a horse before Pebbles, Bernard still offers Pebbles to you, but Pebbles is never your horse (do not ride Pebbles). They fixed the primary bugs with cutscenes and such that were occuring when folks purchased a horse prior to Pebbles being offered, but they didn't clean up dialogues (i.e. a very lazy bug patch).
So, if you are really strapped for cash, you get Pebbles Very early in the main quest - and then you can pretty much do what you want. Some NPCs complain if you take off, but the quests still complete.
This is the Horse i buy and use throughout the game:
Tier 2 : Hatatitla : 1200 (1600) Groschen : 36 : 228 : 12 : 250 : Uzhitz
This horse is good enough for anything, although i did hack the weight limit in the game about 800 game hours ago (i hated having to run back to the Magical Storage Trunk)