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Deposit on Bike

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  • 14-05-2011 1:09pm
    #1
    KilOit
    Registered Users Posts: 2,983 ✭✭✭


    Hi
    On Thursday i visited a man selling a bike, bike was in good nick and i decided i'd like to take it, so put a deposit down and both signed paper to say i'll pay the final amount and put a signature on it,
    he just rang me now and told me he sold it to someone else for a higher price.

    Can he do this and do have any case for it, i really wanted the bike.
    or should i just walk away and forget about it?


Comments

  • Options
    #2
    234
    Registered Users Posts: 1,529 ✭✭✭234


    Look at it this way- irrespective of whether he was or was not entitled to do what he did, is it worth getting a solicitor to write a few letters to this guy in order for you to get your bike? Is the bike worth more than your potential costs?
    Once he gave the deposit back I would just leave it.


  • Options
    #3
    KilOit
    Registered Users Posts: 2,983 ✭✭✭KilOit


    When i say bike i meant motorbike, sorry. but you are probably right, i'm sure another one will come by again, just like this one. it cost 3k, put down a 200€ deposit.

    Whats the point of a deposit if it isn't really honored, is it only for screwing the buyer out of it?


  • Options
    #4
    MagicSean
    Closed Accounts Posts: 9,897 ✭✭✭MagicSean


    Deposits are more for the seller than anything. They give them reasons to keep the bike for you and show you are serious.


  • Options
    #5
    234
    Registered Users Posts: 1,529 ✭✭✭234


    In contractual terms you might be able to make a claim for specific performance (make him fulfill his end of the bargain), but in the end you could use that money to buy an even better bike.


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