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If you sold your car and took a $500 deposit off the purchaser and they phoned up a week later syaing they do not wish to purchase the vehicle anymore and want their deposit back would you....
A) Keep the deposit and tell them to shove it
B) Give it back to them
C) Go halves in the deposit
A unless she is a stunner and then maybe B
A deposit is just that ! Normally non-refundable. Depending on Reason for change of mind. 'Just because' is not a reason.
Hmmm ... in the immortal words of Mr Squiggle ... "that's a tough one Miss Jane"!! lmaoQuote:
Originally Posted by AB
Yards under their cooling off garbage etc would keep the money after that long ... not sure where you stand "legally" with respect to private sales and negotiations - I would suggest they're entitled to their money back unless you had implicitly (written) entered into an agreement to the contrary.
That said, are they going to take retribution (either taking you to court and/or burning your house down) over $500 ...
Let your heart tell you what is the right thing to do! lol (I'm dead set giggling to myself in my little office here in Sydney!!!!).
Happend to me last year they wanted to meet halfway about 2hr drive for us and we got a roadworthy for them too.
They came down on the train last one for the day after about one hour of looking at the car they decide not to buy it Grrrr I made them pay for our fuel and the roadworthy LOL
I still don't know how they got home lol
Andy it a depends if they have a genuine reason and there apologetic about it if not tell them to shove it and keep it.
Tough question.
When someone pays a deposit on a car they are asking you to hold the car so no one else buys it. If the purchaser then calls you a week later and says deals off then as far as I'm concerned the money is yours to keep, you may have lost a genuine sale in that week with one of the other people that enquired about the car and you turned them away.
If they get an inspection done on the car and it genuinely needs work and you can't come to an agreement regarding the repairs, then I probably would refund the full deposit.
I don't know what the legal requirements are regarding cooling off periods for private sales but without a signed contract stating there is a cooling off period I don't think the buyer has any come back on you.
My answer, (A) unless they have a very good reason.
Tony
Sorry guys option A for me unless they spin a real good hard luck yarn! And if you've told others it's already gone cause uve taken a deposit I'd ask for double!!!
You're a hard man Andrew!Quote:
Originally Posted by growlers71gq
Tony
Agree with Kat here,Quote:
Originally Posted by katwoman
As a seller, you may have turned away other potential buyers because someone "said" they would buy it, and left money to ensure you believe them.
If at any time either party can decide a deposit should get returned without condition, then what would be the point of even leaving/taking a deposit in the first place ?
Rook into your heart glass slipper ... your heeeaaart ... LMFAO!!!