deposit on car.. buyer pulled out.

carbon nanotube · 30-03-2012 09:55PM #1

Lads,

so, some time waster found out he cant get insurance on my mondeo and left a voice mail asking if he can get his deposit back.

I am usually of sound nature but I am a bit hasty on giving him anything back, he was adamant he was going to buy it and had no problem giving me 50quid deposit, he should have checked if he could get insurance BEFORE looking at it and not be a numpty.

I turned down 2 other callers in the last week about it too.

what to do..

L-M · 30-03-2012 09:58PM

How long had you it held?

CyberGhost · 30-03-2012 09:59PM

Nothing, tell him to get lost.

You don't ask a deposit back. You pay it to guarantee that the seller does not sell the car, if you cannot buy the car it's not the seller's fault, you wasted his time and potentially lost him several real sales meanwhile.

Marcusm · 30-03-2012 10:02PM

If you've been putting off potential sellers for a week, it's a bit unreasonable for him to ask for €50 back.

Ardennes1944 · 30-03-2012 10:05PM

I wouldnt dream of going looking at a car , unless it was a micra or along those lines, without at least getting an online quote. Thats his problem, and a silly mistake to make. Leave him learn

johnos1984 · 30-03-2012 10:07PM

€50 is a nice punishment.

If it was any higher I'd tell you to give half back

BTW don't relist the ad on DD with the line "re-advertised due to timewaster" as it always suggests to me someone looked at it and found a major fault

George Dalton · 30-03-2012 10:09PM

I would never take a deposit when selling a car privately. It is more hassle than it is worth.

carbon nanotube · 30-03-2012 10:10PM

Limerick man wrote: »

How long had you it held?

a week...

cant believe this!

jimmycrackcorm · 30-03-2012 10:11PM

It depends on whether or not you agreed when taking the deposit if it was refundable.

carbon nanotube · 30-03-2012 10:12PM

johnos1984 wrote: »

€50 is a nice punishment.

If it was any higher I'd tell you to give half back

BTW don't relist the ad on DD with the line "re-advertised due to timewaster" as it always suggests to me someone looked at it and found a major fault

its pounds sterling, i am relisting due to time wasters and saying

*** check you can get insurance BEFORE viewing..!***

johnos1984 · 30-03-2012 10:14PM

carbon nanotube wrote: »

its pounds sterling, i am relisting due to time wasters and saying

*** check you can get insurance BEFORE viewing..!***

I wouldn't, although I can see where you are coming from, it does still make the seller look like a crack pot

carbon nanotube · 30-03-2012 10:14PM

George Dalton wrote: »

I would never take a deposit when selling a car privately. It is more hassle than it is worth.

and why is that.? i told him last week if you give me a deposit now i will keep the car for you as i was not ready to sell so soon, just advertised it with photos 3 hours previously.

carbon nanotube · 30-03-2012 10:15PM

johnos1984 wrote: »

I wouldn't, although I can see where you are coming from, it does still make the seller look like a crack pot

??

Justin10 · 30-03-2012 10:15PM

Imo that you are asking the question means that you should give it back.

Its a small amount of money, if your car is a clean tidy one you will have no problem selling it as there a popular car.

Seems to me it be playing on your conscious and that aint worth 50 quid.

George Dalton · 30-03-2012 10:16PM

carbon nanotube wrote: »

and why is that.? i told him last week if you give me a deposit now i will keep the car for you as i was not ready to sell so soon, just advertised it with photos 3 hours previously.

I think this thread illustrates my reasoning perfectly to be honest.

carbon nanotube · 30-03-2012 10:16PM

jimmycrackcorm wrote: »

It depends on whether or not you agreed when taking the deposit if it was refundable.

no agreement, all i said was i will keep the car if you give me a deposit

i kept my end of the bargain, not my fault he scrwed up his side

TestTransmission · 30-03-2012 10:17PM

I would of asked for a bigger deposit.

carbon nanotube · 30-03-2012 10:18PM

Rochey18 wrote: »

Imo that you are asking the question means that you should give it back.

Its a small amount of money, if your car is a clean tidy one you will have no problem selling it as there a popular car.

Seems to me it be playing on your conscious and that aint worth 50 quid.

if it sells in a week i will give it back

carbon nanotube · 30-03-2012 10:18PM

TestTransmission wrote: »

I would of asked for a bigger deposit.

lol

Saab Ed · 30-03-2012 10:18PM

I'd just agree to refund the deposit when you actually get the car sold. Punishment enough for him and you're not outta pocket.

The Big Red Button · 30-03-2012 10:21PM

carbon nanotube wrote: »

its pounds sterling, i am relisting due to time wasters and saying

*** check you can get insurance BEFORE viewing..!***

But sure then you're putting off potential buyers by making it seem like it's difficult to get insured on the car, for some reason. They'll think there's something you're not telling them in the ad, that'll make it more difficult than usual to get insurance.

When there's lots of "*********"s in the ad, it will always put me off anyways. Just looks spammy!

Just advertise it as normal, as if it's your first time advertising. If you take a deposit:
1. Make it clear that it is non-refundable.
2. Set an absolutely totally clear date, in writing, on which the transaction is going to go through in full. Or otherwise you're keeping the deposit
3. Be happy with the amount of the deposit that you're willing to hold the car for. So that, if they change their minds for any reason (relating to insurance or otherwise), you don't feel that you've lost out. Just make sure that you're happy with the amount, or don't take it at all.

johnos1984 · 30-03-2012 10:24PM

carbon nanotube wrote: »

??

There are loads of ads in Donedeal with relisted due to timewaster, the usually have a description of the car being perfect, mint, like new...........followed by a crazy high price and pictures which show it unwashed, damaged and not serviced.

If selling just stick to the facts and forget about everything else.

Mentioning someone having issues getting car insurance would imply it is a high risk car to buyers

carbon nanotube · 30-03-2012 10:26PM

chatterpillar wrote: »

But sure then you're putting off potential buyers by making it seem like it's difficult to get insured on the car, for some reason. They'll think there's something you're not telling them in the ad, that'll make it more difficult than usual to get insurance.

When there's lots of "*********"s in the ad, it will always put me off anyways. Just looks spammy!

Just advertise it as normal, as if it's your first time advertising. If you take a deposit:
1. Make it clear that it is non-refundable.
2. Set an absolutely totally clear date, in writing, on which the transaction is going to go through in full. Or otherwise you're keeping the deposit
3. Be happy with the amount of the deposit that you're willing to hold the car for. So that, if they change their minds for any reason (relating to insurance or otherwise), you don't feel that you've lost out. Just make sure that you're happy with the amount, or don't take it at all.

IMO theres nothing wrong with that, people can be stupid (for not checking insurance) and that is not my fault.

there are photos up of the car and anyone can see its clean as a whittle, the guy last week said its cheap., said he saw more cars and this was by far the best.

It got a better service than the accord i got and it certainly doesnt need servicing to the tune of 700gbp

carbon nanotube · 30-03-2012 10:28PM

johnos1984 wrote: »

There are loads of ads in Donedeal with relisted due to timewaster, the usually have a description of the car being perfect, mint, like new...........followed by a crazy high price and pictures which show it unwashed, damaged and not serviced.

If selling just stick to the facts and forget about everything else.

Mentioning someone having issues getting car insurance would imply it is a high risk car to buyers

Its a standard mondeo ffs..

the photos are not taken in a lake or anything...:)

the only thing i am worrying about is i got 2 bloody cars and will move to scotland soon... ugh

johnos1984 · 30-03-2012 10:30PM

carbon nanotube wrote: »

Its a standard mondeo ffs..

the photos are not taken in a lake or anything...:)

the only thing i am worrying about is i got 2 bloody cars and will move to scotland soon... ugh

It doesn't matter what it is but seeing it listed in the ad will make people think there is an issue with the car

What part of Scotland?

carbon nanotube · 30-03-2012 10:33PM

what part of scotland got f**k all to do with this.

johnos1984 · 30-03-2012 10:34PM

carbon nanotube wrote: »

what part of scotland got f**k all to do with this.

Just being friendly, I spend a lot of time over there

L-M · 30-03-2012 10:34PM

Yeahh...

Can't really see this going anywhere!

Drummerboy08 · 30-03-2012 10:42PM

Limerick man wrote: »

Yeahh...

Can't really see this going anywhere!

Really?

TestTransmission · 30-03-2012 10:51PM

Drummerboy08 wrote: »

Really?

I think he forgot to click the button...

GarIT · 30-03-2012 10:52PM

My way of dealing with a deposit would be when its sold if you get the asking price pay the deposit back, if you don't get the asking keep the difference.

Keeping the deposit is the whole point of a deposit because then it proves the persons interest, if you didn't keep deposits they would be pointless. If deposits were always paid back the buyer might as well just come over to you and say I have €50 would you like to see it.

deposit on car.. buyer pulled out.

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