We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Deposit To set a fitting Date?

Hello Out there, I am a new to the forum experience but have been following Martin's advice for years. Now I am wondering if you could help me? I am a small business owner in the yorkshire area, I manufacture & install kitchens and bedrooms. Firstly I would be happy to help anyone with a quotation and work questions but my question is this. What is the general feeling about paying a deposit of say £250 to book a fitting date on say a £8000 bespoke kitchen? at the moment I don't take any money until I actually start building the customers kitchen about 4 weeks before the fitting date but reciently I have had people change there mind at last minuite and with no deposit there is no commitment? But I am a big believer in trust between me and the customer and do not want to change this. What is the feelling amongst fellow money savers?

Comments

  • I would always take a deposit,Customers in this day and age have no hesitation in cancelling for whatever reason they choose to say,Leaving the tradesmen out of pocket!! You need to state on all of your related paperwork "deposits are non refundable" I have now done this after a run in with the local trading standards.
    I would advise only a small deposit needs to be taken as you are not meant to make money on cancellations just cover your costs,For the record Our company never used to take money upfront-But it is the few "rouge customers" who spoil it for the rest.
    OH THE JOYS OF BEING SELF-EMPLOYED!! Can Travel,Will Work For Free!
  • Get a deposit matey.
    I know what you mean by trusting each other, but in this day and age some people/punters can't be trusted.

    Your time must be covered up front, if they change their minds then you haven't been running about for nowt!
    In wood we trust.
  • andyhop
    andyhop Posts: 1,996 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Since i had my website done i included terms and conditions which clearly state the deposit

    I too have had a few too many customers with little respect for my time
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure
  • DCS
    DCS Posts: 2 Newbie
    I run a building and carpentry firm in worcestershire and take a 30% deposit on all jobs above £500. Never even had a customer bat an eye to this!
    The way I look at: If a deposit is a problem then the final bill will be a bigger one!
  • Meepster
    Meepster Posts: 5,955 Forumite
    I used to use this arrangement:

    10% paid up front
    80% when commencing installation
    10% paid when everythings complete
    If it looks like a duck, and quacks like a duck, we have at least to consider the possibility that we have a small aquatic bird of the family anatidae on our hands

  • thechippy
    thechippy Posts: 1,938 Forumite
    DCS wrote: »
    I run a building and carpentry firm in worcestershire and take a 30% deposit on all jobs above £500. Never even had a customer bat an eye to this!
    The way I look at: If a deposit is a problem then the final bill will be a bigger one!

    Absolutely....;)
    Happiness, is a Kebab called Doner.....:heart2::heart2:
  • SomeBozo
    SomeBozo Posts: 1,195 Forumite
    Hmm

    I have never made any payment up front to anyone at all! Even when I had my house built!

    Bozo
  • CKdesigner
    CKdesigner Posts: 1,234 Forumite
    Part of the Furniture Combo Breaker
    Always take a deposit with no exception. I have never heard of a kitchen retailer not taking a deposit. I would say 25% to confirm the order then 65% cleared funds prior to any delivery then 10% on completion. Customers should understand that you are making something especially for them if a deposit puts them off purchasing from you then you are better off without them!
  • mmm this is interesting, i have only ever taken 1 deposit before & i only did due to the size of the job & some products needed paying pro forma & i didnt want to be stuck with them if the customer had a change of heart.

    I have always worked on the trust side of things but this has got me thinking
  • If taking money is what is worrying you, get them to sign some form of agreement/contract, then you can always take legal preceedings to recover any losses.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.