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

[TW]Fox;19835821 said:
Why ask for a deposit in the first place then?
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Exactly, it makes the whole concept of a deposit pointless :confused: I wonder what people think the idea of handing over a deposit is?!

Taking a personal example, when I went to buy my Octavia I meant to do an HPI check via text when I got there. A combination of me being 45 minutes late to view the car and my phone battery going dead meant that I didn't get the chance and went with my gut that the seller was a decent bloke.

I then subsequently got a check done on the car and it was all clear but even if it had come back that it was stolen and recovered and written off twice I'd have accepted the fact that it would have meant my deposit (£100 in my case) was now gone.

"I couldn't get insured on it" isn't a good enough excuse for me to rush to hand it back.

Whether you chose to do so for an easy life is another matter.

Robbo said:
You're right. We should all live in fear.
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Exactly, because some tool can't use confused.com the OP deserves to get rinsed by the local scum :confused:

As I've already mentioned, those that would expect to get a deposit back, don't try to buy a house until you realise what a deposit is for, you might find yourselves more than a few hundred out of pocket.
 
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Oh well, no repercussions will come of it at least. I hope you at least pointed out that you were doing it out of good will and had every right to tell him to bugger off.
 
Robbo said:
You're right. We should all live in fear.
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Not in fear so much but if it was me losing out £250, I wouldn't exactly just walk away. You can hardly expect the buyer to just put up and shut up? Bit of a pussy if he did.


Foxtrot26 said:
Update- ended up giving him the full whack back didn't want to be a **** about it.
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Probably for the best. The lad may have just walked away or may have caused you untold grief that you could probably do without. £250 probably isn't worth the hassle.

In future I wouldn't even bother with a deposit - either they've got the cash there and then or come back when they have.



Loving all the "keep it" comments. You're all so tough.
 
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Keep it. Everyone knows (or should know) what you're agreeing to when you place a deposit. If someone fails on that basis, it's their problem. If you hadn't done some work on the car and taken time off I'd say keep half - but you did miss work and make some adjustments, so keep the other half as well.
 
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EddScott said:
Not in fear so much but if it was me losing out £250, I wouldn't exactly just walk away. You can hardly expect the buyer to just put up and shut up? Bit of a pussy if he did.
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What would be the purpose of leaving a deposit if you can get it back for no reason?
 
[TW]Fox;19836461 said:
What would be the purpose of leaving a deposit if you can get it back for no reason?
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Ultimately, he should have lost it, but he may well have come back with stripper or taken your tyres out. I suppose the real question is: "What kind of idiot puts a deposit down on a car without looking at insurance costs?"

4MIT said:
To hold an item for an individual....
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Who doesn't then have to complete the sale? Pointless
 
lordrobs said:
Exactly, it makes the whole concept of a deposit pointless :confused: I wonder what people think the idea of handing over a deposit is?!

Taking a personal example, when I went to buy my Octavia I meant to do an HPI check via text when I got there. A combination of me being 45 minutes late to view the car and my phone battery going dead meant that I didn't get the chance and went with my gut that the seller was a decent bloke.

I then subsequently got a check done on the car and it was all clear but even if it had come back that it was stolen and recovered and written off twice I'd have accepted the fact that it would have meant my deposit (£100 in my case) was now gone.
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Why would accept that your deposit was gone if the HPI check returned any of those things?
I would demand my deposit back if I found out any of those things as i would have only put it down on the basis that the car hasn't been stolen/written off, as the seller should have stated those things. (Who the hell would put a deposit down on a car upon being informed that it was stolen and written off? Nobody, thats who)
 
[TW]Fox;19836461 said:
What would be the purpose of leaving a deposit if you can get it back for no reason?
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As a seller:

"You can place a non-refundable deposit on this car but if you can't complete the deposit will not be refunded"

Fine we know where we stand.

As the buyer: (you can bet the conversation was a little like this)

"Can you take £250 as a deposit whilst I sort out insurance and come get it later?"


The latter is basically leaving some money with the owner to hold the car for a bit.
 
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