sale fell through on the LCR- would you give the deposit back?

scott212 said:
A decent human being would show some compassion and just give it back.

£250 is a huge amount of money to some people and the simple fact is it hasn't cost you £250 for being messed around for the sake of one night. If it has cost you anything then deduct it and explain why. Do the right thing and don't follow the money grabbing nature of some of the people in here.
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A decent human being would have some clue why he was handing over £250. Also if £250 was a huge amount of money to them they wouldn't or shouldn't be buying an LCR. The insurance thing sounds like a load of bull. Who looks at a performance car without at least some idea of the insurance costs?!

The OP mentioned that he knows the guy off of some forum, I'll put a fiver on him posting about his new *insert expensive to insure* car within a few months.

It isn't about money grabbing or doing the decent thing. Handing over a deposit is effectively your agreement to the sale, the reason it isn't the full amount is that you can, if you wish, change your mind BUT it comes at the expense of what you've already handed over.

Those that expect money to just go back and forth without any consequence really shouldn't look at buying a house in the near future :eek:
 
keep it, as a lesson for time wasting. Why the buyer didn't check the insurance quote before putting down a deposit? Not really a good excuse tbh
 
Robbie G said:
Can you imagine if businesses applied this rule to every customer that took the complete pee?
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I didn't realise he was a business...

We were discussing the moral nature of this situation, which is all that is really left to discuss considering he doesn't have to give the money back. I think you understand that my comment was not literal, and rather a device to highlight your less than endearing preference.
 
I think you understand that my business example was just a device to highlight your less than relevant pay-it-forward hippy stance on the whole thing.
 
+1 to the "it's a deposit; it's his tough if he doesn't understand" crowd.

He should have checked he could get insurance before he put the deposit down.
 
Robbie G said:
I think you understand that my business example was just a device to highlight your less than relevant pay-it-forward hippy stance on the whole thing.
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:p Kids do that, when they can't formulate their own argument, they reiterate and restructure what has been provided.

I forgive you though, because you've clearly misunderstood my stance by labelling it "pay it foward hippy". I don't think it is "hippyish" to offer some of the money back.

I agree completely with the earlier comments that this has not cost him £250. If he had other offers lined up then fine, but I don't believe this is the case.
 
gord said:
:p Kids do that, when they can't formulate their own argument, they reiterate and restructure what has been provided.

I forgive you though, because you've clearly misunderstood my stance by labelling it "pay it foward hippy". I don't think it is "hippyish" to offer some of the money back.

I agree completely with the earlier comments that this has not cost him £250. If he had other offers lined up then fine, but I don't believe this is the case.
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Why leave or request a deposit if you'll just give it all back?

What is the purpose of a deposit if not to provide some sort of certainty to the buyer and seller?
 
I would probably offer half back, hopefully that way he'd feel like he's not lost completely in the situation and won't vandalise the car or something.
 
[TW]Fox;19834629 said:
Why leave or request a deposit if you'll just give it all back?

What is the purpose of a deposit if not to provide some sort of certainty to the buyer and seller?
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I certainly wouldn't give it all back. If I had lost the opportunity of another sale I would explain that to the buyer who has pulled out, when letting them know they won't get anything back.
 
gord said:
I certainly wouldn't give it all back.
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gord said:
I'd cover the time off I'd taken and car preparation and advertising costs and give him the rest back.
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Ok, you're right. I'll take off what it cost me to prepare the car for sale as well as any listings on Autotrader etc...

Deposit £250
Less:
Listing fees £(10)
Cleaning materials £(40)
Labour - 5 hours at £40 p.h. = £(200)

Balance: £0.

:)
 
His fault really.

He left a deposit for the car without doing his own checks first. Insurance is always one of the first things i check before i even think about viewing a car.

You'll probably feel harsh not giving it him back but at the end of the day he gave you the deposit to hold the car, he now can not buy the car for his own reasons so wants his deposit back?

Sounds to me like he knows he's cocked up but he's trying to wing it and get some of his cash back.

Keep it (or at least some of it!)
 
I'd personaly keep it. Why else accept a deposit? The guy could always view it as a £250 contribution towards his insurance as he's lost it anyway.
 
You have no reason at all to give back the money, but i know that i would probably deduct £75 for my time and having to re-list it and give the rest back. But it'd be a one time offer - any bitching or moaning from him and i'd keep the whole amount.

You're being gracious by giving him back £1 of it - he should be snapping your hand off if you're giving him £175 back.

Still - i wouldn't be keeping the £250 for the following reasons:

a) I think it is a large amount to keep for not a great reason. People make mistakes and are sometimes silly when putting deposits down.

b) The possibility of conflict down the line for the sake £250 (solicitors/brick through your window/disrupting your online community)
 
His fault, it's a deposit it's what it's there for.

I'd be swinging between keeping it all, or keeping £150 of it depending on how he was as a person, how much time of mine he's wasted and how confident I was of selling the car 'again' for the same value in a decent amount of time.

Keeping the £250 could allow me to knock £250 off the asking price to get a quick sale. Still end up with the same money but it'll hopefully get rid of the car quicker.
 
scott212 said:
A decent human being would show some compassion and just give it back.
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+1

Be interesting to see if those here who are calling for the £250 to be retained actually would in the face of confrontation.

Be highly amusing if the £250 was kept and it turns out the lad is part of the local nutcase family (every town has it's fair share)

Would be an expensive £250.
 
EddScott said:
+1

Be interesting to see if those here who are calling for the £250 to be retained actually would in the face of confrontation.

Be highly amusing if the £250 was kept and it turns out the lad is part of the local nutcase family (every town has it's fair share)

Would be an expensive £250.
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You're right. We should all live in fear.
 
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