Would you keep a $500 deposit for a car

[RustyNails]

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".

Spot on, this is the fairest thing for all

[Yendor]

My understanding is that you did enter into a legal contract with the buyer.

They agreed to purchase the vehicle, in it's stated or current condition at the agreed price.

Then you shook on the deal?

The deposit was paid to confirm the contract.

So I think it comes down to who broke the contract.

Is the vehicle condition now not as was stated or has changed from when the buyer inspected it?

Or did the buyer just change his mind?

If the buyer just changed his mind, I would keep the money

[Woof]

Me, I would go for option C as well, you got $250 and they got $250 back and everyone feels good.
I would say to them that by rights I am entitled to keep the deposit but I would not feel right about it so here is $250.

[nowoolies]

sorry id keep the money
if you took it off the market because they said yes ill take it here`s $500.00 deposit
to hold the vehicle for ..ME ..untill ...I ...get back with the rest of ...YOUR... money
and now ...I`VE ...changed my mind , how many other potential buyer`s have you lost ?????

sorry buddy you just lost your deposit !!!!

keep it Andy it`s not your problem if ...THEY... changed ...THEIR ...mind

you had sold the vehicle for all want`s and purpose...

[YNOT]

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".

Why would you sell the car to someone else after you have taken a deposit? You would need to have made it very clear when you took the deposit that the deal is null and void if you get a higher offer before they pay the full amount.

Tony

[Finly Owner]

I agree as above, although I am soft and bend myself sometimes. If he said i'll be back next week with balance and canned it at last moment, keep deposit and tell him you could have sold it to legitimate buyer. If you cancel lay-buy, do you get deposit back?


Tim

[GUte]

I would definatly keep it, If I poayed a deposit to someone and changed my mind, I wouldnt expect it back.

A mate has been trying to sell his R32 GTR for ages, had someone pay a $400 deposit on a saturday, to only call back on the sunday afternoon saying he didnt want it anymore, he asked for his deposit back and my mate kindly refused.

[snicko]

I would give the deposit back.

[damianovdd]

In our legal system, the deposit (deposit, earnest money - not sure if i use the right term) serves to guarantee that this product will be purchased. It promises to be bought. In case that the buyer cancel the deal, he can not search for a deposit. In case that the seller cancel the deal, then he owes the double size of a deposit. So no give back.

Looking beyond the law would say that every sale is different and is determined by many factors. Therefore, for any sale i will think about whether to retain or to give back the deposit.

[timbar]

Sorry what Deposit ????????

Dont know what your talking about ?????????????

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