Well here goes i was selling one of my cars 3 1/2 month ago the chap came and left a £250 deposit and said he had the money sorted and would pay the rest on the next weekend and so was agreed to be done within 2 weeks. He then contacted me after the 2 weeks said the loan had been aproved and was just taking its time, i siad that i have other offers of 7800 for the car and he would have to leave another deposit to assure me he def wanted the car i said £1000 if he was def having it as might lose it, he said def havinging it and will give another £1500 not 1000 to show he def wanted as thefirst agreement had run out(ie the £250)

so all was fine i used this on a deposit for the new car he then said well its taking a bit longer i said well you will lose the deposit as i will lose it on mine but he give me another 1100 to get the new car which i said no matter what he would get back as it was not part of the deposit. it looks like he can not get the money at all i have now sold the car today but at a loss of around £1500 to 2k after this taking 3 1/2 months extra adverts value loss of the car ..the question is do i have any remit to pay the £1500 back or not.

Depends if you had a receipt stating the deposit was non refundable or not really. Legally, if the guy wanted the money back he'd have to take it through a small claims court I'd imagine.

 

Crappy situation to be in.

 

:(

at first i give him a a note saying for the 250 and the car to be collected the weekend after 3 weeks after nothing i contacted him to say i had another offer of 7800 he said def still want and money on its way, i said i wanted another deposit of 1k he said keep the 250 for messing me around and he would give me another 1500 to hold the car...

i think you have been more than patient and you are quite within your right to keep a deposit, which is by definition a deposit on goods that you will complete the transaction but they clearly have not and clearly will not. its always a hard one and is down to you but if you have turned down sales and lost money then keep it.

 

Mike

you should keep the money if it was a deposit but £1500 is alot of money for him to loose for nothing. Its a very hard choice. Why dont you give him back half !

Has he contacted you and does he now know the car has gone ?

I am paying for a car in a similar way to the guy who paid you a deposit at the moment,

 

If i fail to meet the agreed date i do not expect my deposit back,thats the whole point of a deposit,he cant expect you to keep the car forever.

 

tell him to get stuffed,you were more than patient,you kept up your end of the deal so i fail to see why you should lose.

 

Paul.

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bloody women is still logged in so have been posting under her name BOO HOO

deja vu