sale fell through on the LCR- would you give the deposit back?
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Why should it be, the only reason that it would be mentioned is if it is refundable.
A refundable deposit is a USP that businesses use, you always work on the assumption that it isn't.
Why do you keep flogging a dead horse? You are incorrect.
Caporegime
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Nobody can be this thick.
The owner has no reason to hold the car for the person who paid the 'refundable deposit'. If someone paid you a deposit of £250 that they stated they wanted back if they changed their minds, you agreed, and then a third party rings you up offering 'asking price and I'll collect it tomorrow', you'd seriously turn them down on the gamble that the original idiot did actually follow through with the purchase?
So once again: what exactly is the point in a refundable deposit, for either party?
Bloody hell !
It's so simple, the deposit works in 2 ways, it "guarantees" the buyer will pay up for the car and it guarantees the seller will not sell the car to someone else.
It's so simple.
If the buyer doesn't pay up the seller keeps the deposit, if the seller sells it on to someone else the buyer gets the deposit back.
Nothing more nothing less.
It's so simple, the deposit works in 2 ways, it "guarantees" the buyer will pay up for the car and it guarantees the seller will not sell the car to someone else.
It's so simple.
If the buyer doesn't pay up the seller keeps the deposit, if the seller sells it on to someone else the buyer gets the deposit back.
Nothing more nothing less.
Goes without saying really though doesn't it, always assume a deposit is non-refundable, that's in life lessons Chapter 1.
Why should it be, the only reason that it would be mentioned is if it is refundable.
A refundable deposit is a USP that businesses use, you always work on the assumption that it isn't.
Why do you keep flogging a dead horse? You are incorrect.
How am i incorrect? I said that Foxtrox26 did the right thing and gave it back. He has no idea what the person is like and what grief he would have had if he had not given the money back.
I just found it amusing that most jumped on the OP for handing the money back and i wondered what they would do in the same position.
Actually no. It needs saying as this clearly demonstrates.
If it was made crystal clear the deposit was not refundable Foxtrot26 would have been more confident to keep the money. It would then be up to Foxtro26 to decide if keeping the money was worth any potential reprisals.
Totally this.
It's not exactly a difficult thing to do is it, getting a few quotes before wasting much of the sellers time? I spent 30 minutes today trying to get a quote on a slightly modded Dutch import Cupra to find it was double the cost of a UK car.
nope nothing untoward like that, the buyer is a member of the vag forum/club i'm a member of i dont need the hassle or indeed the bad name that could arise from not handing his deposit back. as it stands i've retained my reputation as a decent bloke and i'll make it known within the community the guys a timewaster
How aren't you getting this?! Maybe capitals will help:
THE VERY NATURE OF A DEPOSIT IS THAT IT IS UNREFUNDABLE. IT'S PURPOSE IN LIFE IS TO BE UNREFUNDABLE - THAT'S IT.
I wouldn't have given it back. He shouldn't have put the money down if he wasn't 100% sure on the purchase. Just like other people have said, what is the point of a deposit if you're just going to give it back?
If I went to a dealer crying for my deposit back because I couldn't actually insure the car they would tell me to bog off and rightfully so
Also who puts a deposit down on a car without knowing if they can get insured on it or not
If I went to a dealer crying for my deposit back because I couldn't actually insure the car they would tell me to bog off and rightfully so
Also who puts a deposit down on a car without knowing if they can get insured on it or not
Advice.org says a deposit can be refundable if agreed so beforehand under certain circumstances.
You are also ignoring the issue that the buyer expected the deposit back - right or wrong. Foxtrot26 decided to give it back. For all we know the buyer could have turned nasty on him and caused trouble for Foxtrot26.
What is said in a forum and what happens in real life is quite different. Not so easy to tell someone to do one when they are on your doorstep. Foxtrot26 goes to car next morning and its scratched to heck. What then?
You are also ignoring the issue that the buyer expected the deposit back - right or wrong. Foxtrot26 decided to give it back. For all we know the buyer could have turned nasty on him and caused trouble for Foxtrot26.
What is said in a forum and what happens in real life is quite different. Not so easy to tell someone to do one when they are on your doorstep. Foxtrot26 goes to car next morning and its scratched to heck. What then?
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Which is of no relevance here given that it wasn't agreed to beforehand.
You seem to live in mortal fear that if someone doesn't get what they want, they're going to turn into some rampaging thug. Try standing up for yourself a bit?
Get the police involved, advise everyone on the forum/club that this guy is from of what's happened and what kind of character he really is, and in the meantime use the £250 to fix the scratch. But reality, it's not going to get to that is it?
What peace of mind? He's got an unsold car and no deposit, so it hasn't acheived anything.