Would you keep a $500 deposit for a car

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Originally Posted by Bigrig

Rook into your heart glass slipper ... your heeeaaart ... LMFAO!!!

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Someone's been raiding the mini bar!!!

Tony

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Originally Posted by YNOT

Someone's been raiding the mini bar!!!

Tony

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lol ... maybe ...

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Originally Posted by growlers71gq

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!!!

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agree here and with the others go for A

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Originally Posted by Bigrig

Rook into your heart glass slipper ... your heeeaaart ... LMFAO!!!

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If ya don't no wot u want don't put a deposit down an buy a toymota instead hahahahahaha

Nah guys no mini bar I go sewen elewen hahahaha

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Originally Posted by YNOT

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

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100% Agree

B for me.

Karma is a b!tch.

guess it all depends on if you've had to knock other people back or not. If it was me, if I hadn't knocked anyone back coz I was holding a deposit, I'd give it back..................... but if I'd had offers from other, I would contact the person who left the deposit and told them if they don't come and collect and pay the rest, I seliing the car to someone else and keping the deposit...... soon get's thm moving.

I would have to say 'A' Andy, unless they have a damn good reason.. When someone hands over a deposit it is well known you normally don't get it back if you back out

I would go with option C, if you sell it for the full amount to someone else give them the deposit back (life is too short) and $500 is not changing your life. If you sell it for less then they were paying and the gap is bigger then $500 then they lose the $500 and such is life. But if you took it off the market and they paid a deposit, its a little like my kids say "too bad, how sad".

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Originally Posted by Bigrig

Hmmm ... in the immortal words of Mr Squiggle ... "that's a tough one Miss Jane"!! lmao

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!!!!).

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Quote:

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Originally Posted by YNOT

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

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No point in writing my opinion up cos im in full agreement with both these posts

Your not a silly man AB.....You'll do whats right either way...