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.

If he can not get the money and he's paid the deposit, he'll forfeit the car. The deposit is a holding deposit pending his purchase. If he withdraws, he forfeits the deposit.

not as a deposit, if he left it as a non returnable deposit then well unforchanatly that's his loss.

unforchanatly

 

 

:wack:

I feel bad it feels like i`m ripping him off but at the end of the day who loses the 3 1/2 month value etc...he is trying to say that the 1500 was part payment now but it was not it was another deposit after the 2 weeks one went bye...well hopefully it will be sorted as i`m not taking the loss

no contract no proof, works both ways, did yougive him a reciept for the money, did he signa contract saying he would not want the deposit back if anything went wrong

i wrote him one at first for 250 and to be collected the weekend after. but i then siad to him after 3 weeks that i had an offer of 7800 for the car and was he still def wanting the car he said yes and dont worry about the 250 i could have that for messing me around and i said i wanted a propper deposit to show he meant it and said around £1000 he said the money is def comming and would leave £1500 deposit to show he wanted it..but it came to light he did not have the money at this stage just lied and kept me going....but he is now trying to say it was part payment but it was not as he new i had an other offer but gave the 1.5k to hold the car for him....this was by phone.