Dealer asking for a deposit

daveyjp

Did you miss this part of my story:

"It was the only one available locally"

funkycoldribena

daveyjp wrote: »

Did you miss this part of my story:

"It was the only one available locally"

Nope. Was it a Bugatti Veyron?.

s_b

daveyjp wrote: »

Did you miss this part of my story:

"It was the only one available locally"

i did and still wouldnt put a deposit on a washing machine with wheels without seeing the thing
so you did well done (gob shut)
we still say OP shouldnt
damm theres been enough freds this last millennium asking for deposit refund advices on here till the cows come home


also how do you know this company isnt going bust tomorrow?
you dont

daveyjp

funkycoldribena wrote: »

Nope. Was it a Bugatti Veyron?.

No.

I also paid a sensible deposit of just £100.

rabbitcrocker

My advice, do not do it. Only yesterday I put a deposit on a car & the guy said if I changed my mind he would refund me with no questions asked... I changed my mind & now he refused to pay back a penny. All I've got is my word against his. This is a main dealer & not a private seller. Can't trust them.

motorguy

bigmun wrote: »

Hi,

I'm after a second-hand car from this dealer. They called me just now saying that someone else is interested in the car as well and asked me to pay a deposit to secure it before seeing it. They said the deposit is refundable though "should I not be happy with the vehicle for any reason". Is this believable? If it's a refundable deposit, then it isn't a protection to the dealer at all. Is this a common practice?

The wording is also a bit strange, the email says: "We'd be happy to take the <Model> off sale at £<advertised price> with a £<price> deposit." Does that I'd have to take the car at that price and there's no room for discounts?

Thanks!

Psychologically this puts you in a weaker position. Effectively you've paid a deposit against the advertised price. Whilst you may well be able to negotiated away from that, its going to be harder to do.

Personally, i dont like that tactic. Its a bit underhanded IMHO

Hintza

Only put a deposit down if you are prepared to lose it.

A Deposit should left to conclude a transaction not to commence a transaction.

As has be said if you leave one at commencement of haggling you are always on the back foot.

unlocated

I have just bought a car leaving a deposit before actually seeing it! (yes I'm the fool/unexperienced).

It was supposed to be delivered within 1 week but took 10 days. Then they did some "work" meaning they drilled one bolt cause they didn't have the key to take it out so the alloy wheel is aesthetically damaged.

The problem came out when he (according to the selling agreement) stated I agreed on the price so was hard to negotiate the price and was actually threatening saying I'd lose the deposit as the car was in working condition - in the contract I signed when paying the deposit there was the voice "unless unsatisfied with the vehicle conditions".
I managed to put down the price or £100 and get the road tax done.



My suggestion:
- Leave a deposit if you really want the car (true there are other cars around). the smaller the better (the max you'd be willing to lose if it comes to worse) as I think it would put you in a better situation with the seller cause you've less to lose (?)
- Make sure you have the right fine prints: that the final price must be agreed after seeing the car and doing all the necessary inspections.


Best,
Unlocated

Ghostrider

I would never leave a deposit until I'd agreed to buy the vehicle.

Terrible dealer trick to reel you in. If someone else was interested he'd have no quarms about letting it go to them. He's desperate, so he's calling you back. I'd actually probably walk away personally, I don't buy if I don't trust.

fivetide

I think you'd find that if you pulled out then there would be 'costs' to the dealer who could have "sold the car several times over" and deliberately took it "off sale" for you.

I think you might find that those costs might just about equal the deposit, surprising that isn't it?

5t.