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    Thread: Guy buys car. Guy leaves deposit...then backs out.

    1. Member MRVW00's Avatar
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      05-01-2012 03:50 PM #1
      I'm selling a car and this guy wires deposit money for the car, then decides to back out claiming he wants a nicer version than mine, AFTER he's seen a ton of pictures, and consummated the deal.

      Would you feel obligated to send the deposit back?
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      05-01-2012 03:51 PM #2
      Did you tell the guy his deposit was non-refundable?

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      05-01-2012 03:51 PM #3
      it would seem he gave you money to hold the vehicle as a form of pre-payment.

      i don't think i would refund the money. to me a deposit means i have made a verbal or written contract to purchase that specific vehicle. did you write him a receipt for his deposit or have written correspondence about the deposit beforehand?
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      05-01-2012 03:52 PM #4
      Quote Originally Posted by MRVW00 View Post
      I'm selling a car and this guy wires deposit money for the car, then decides to back out claiming he wants a nicer version than mine, AFTER he's seen a ton of pictures, and consummated the deal.

      Would you feel obligated to send the deposit back?
      Personal or business transaction?

      Any discussion or posted statement of the deposit being non-refundable?

    5. Member SoCalDubber's Avatar
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      05-01-2012 03:52 PM #5
      Did he ask for the money back? How much was it?
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    6. Senior Member Hostile's Avatar
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      05-01-2012 03:53 PM #6
      Quote Originally Posted by compy222 View Post
      it would seem he gave you money to hold the vehicle as a form of pre-payment.

      i don't think i would refund the money. to me a deposit means i have made a verbal or written contract to purchase that specific vehicle. did you write him a receipt for his deposit or have written correspondence about the deposit beforehand?
      I made a $500 deposit when we were buying our Outback to secure the dealer transfer. It was still 100% refundable in the event we changed our mind once we saw it.

    7. Member Art Vandelay's Avatar
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      05-01-2012 03:53 PM #7
      Depends; does he know where you live? Sometimes it's not worth the trouble if you're worried about getting vandalized or something.
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    8. Member Klim18's Avatar
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      05-01-2012 03:54 PM #8
      Just be like "What money?"

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      05-01-2012 03:54 PM #9
      why wouldnt you give the money back?
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      05-01-2012 03:54 PM #10
      A deposit is assurance to the seller that your time has not been or will not be wasted. Backing out of the deal at this point in the sale certainly seems like a waste of your time to me. Retaining the deposit would seem like payment for your wasted time, depending on how much he gave you up front. Enjoy your paycheck!
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      05-01-2012 03:55 PM #11
      contract = offer, acceptance, consideration

      all 3 were met. I'd say you are good.
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      05-01-2012 03:55 PM #12
      I had a deposit down for a UrS4 a couple years ago before my parents realized it would be a poor first car for a 17 year old. The guy gave me half my deposit back, which I thought was fair.

    13. Member Art Vandelay's Avatar
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      05-01-2012 03:57 PM #13
      I forgot to ask if the guy was a Nigerian prince.
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    14. Member MRVW00's Avatar
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      05-01-2012 03:58 PM #14
      Quote Originally Posted by Hostile View Post
      Did you tell the guy his deposit was non-refundable?
      YES.

      Quote Originally Posted by OOOO-A3 View Post
      Personal or business transaction?

      Any discussion or posted statement of the deposit being non-refundable?
      Personal. one of my own cars.
      Discussion when I sent the wire info. He's from NY and I'm in the midwest. My words were "It's not refundable. If you decide you want a blue car tomorrow, it's not my problem."

      Quote Originally Posted by SoCalDubber View Post
      Did he ask for the money back? How much was it?
      He did.
      $500.00.
      Since the car has been "off the market" I've received calls that I've had to refuse.
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      05-01-2012 03:58 PM #15
      nevermind.

      F him. Keep the money
      Last edited by MAC; 05-01-2012 at 03:59 PM. Reason: questions answered
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    16. 05-01-2012 04:00 PM #16
      Quote Originally Posted by MRVW00 View Post
      He did.
      $500.00.
      Since the car has been "off the market" I've received calls that I've had to refuse.
      Those leads do still exist, unless you told them to F off or something.
      call it potatography

    17. Member SoCalDubber's Avatar
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      05-01-2012 04:00 PM #17
      How much are you asking for the car?
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      05-01-2012 04:00 PM #18
      Quote Originally Posted by MRVW00 View Post
      YES.



      Personal. one of my own cars.
      Discussion when I sent the wire info. He's from NY and I'm in the midwest. My words were "It's not refundable. If you decide you want a blue car tomorrow, it's not my problem."



      He did.
      $500.00.
      Since the car has been "off the market" I've received calls that I've had to refuse.
      Then you just made $500 for him wasting your time. No question about it.

    19. Senior Member Hostile's Avatar
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      05-01-2012 04:01 PM #19
      Quote Originally Posted by MRVW00 View Post
      Quote Originally Posted by Hostile View Post
      Did you tell the guy his deposit was non-refundable?
      YES.
      Then what is the purpose of this thread?

    20. 05-01-2012 04:01 PM #20
      I would be dissapointed, but ultimately the correct decision is to give him his money back.

    21. Senior Member You'reDrunk's Avatar
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      05-01-2012 04:01 PM #21
      Quote Originally Posted by turbo_nine View Post
      Those leads do still exist, unless you told them to F off or something.
      except that he hasn't sold the car...the deposit was to hold it for a specific seller, and others were turned away.....and the depositor was told the deposit was non-refundable.

      time to tell him to pound sand.
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      Quote Originally Posted by atomicalex View Post
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    22. Member Kylen721's Avatar
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      05-01-2012 04:02 PM #22
      Quote Originally Posted by MRVW00 View Post
      YES.



      Personal. one of my own cars.
      Discussion when I sent the wire info. He's from NY and I'm in the midwest. My words were "It's not refundable. If you decide you want a blue car tomorrow, it's not my problem."



      He did.
      $500.00.
      Since the car has been "off the market" I've received calls that I've had to refuse.
      Wow based on that I am guessing it is more of a "can't hurt to ask" type deal.

      Under those circumstances no way would I return the money.

    23. Member SoCalDubber's Avatar
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      05-01-2012 04:03 PM #23
      What color hair does he have?
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    24. Member cryption's Avatar
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      05-01-2012 04:04 PM #24
      Typically it's about the wording

      A "deposit" is inherently refundable

      A "fee" is not. As in a holding fee, pre-purchase fee etc
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    25. Member slomofo.'s Avatar
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      05-01-2012 04:04 PM #25
      Quote Originally Posted by x_GTI_x View Post
      why wouldnt you give the money back?
      because when you take a car off the market with the intent of selling it, you make it unavailable for purchase to anyone else. if you are going to waste the seller's time and possibly take away any opportunities for a different potential buyer, you need to be serious when giving a deposit, not just tire kicking. with that said, if you said it was refundable, you need to honor your word.
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