Am I entitled to my deposit back?

SilverSaloon

redscarf88 wrote: »

Ok guys no need to be so horrible to me! I had a budget of £12500 which included a loan from my brother of £3000. How on earth was I to know that my brother would suddenly back out when he knows I put a deposit down and I even asked him if he was sure he could lend it to me.

If that was the case you should only have committed to the deal once you had the £3000. its not the seller's fault and he has no interest in the circumstances; he probably hears similar stuff every day.

Suggest if your brother has let you down, you take it up with him if he has left you in a pickle, but that wouldnt be fair either.

In the end, it all comes down to the person who instructed the work and paid the depost. ie you.

macman

A deposit isn't an 'option to purchase', it confirms a binding legal contract to buy-which you made.

Nessun_Dorma

burlington6 wrote: »

I went to look at a Toyota van at a dealership just outside Blackburn last year.

Over 100 vehicles in stock and a massive sign above the desk stating they only accept payments in cash.

I'll let you draw your own conclusions as to the cultural backgrounds of the owners.

Erm, Northern types? :huh:

Nessun_Dorma

macman wrote: »

A deposit isn't an 'option to purchase', it confirms a binding legal contract to buy-which you made.

But it is still refundable if it has not cost the seller any money for the buyer to withdraw.

All the seller is entitled to keep, is any losses he has incurred, due to the buyer withdrawing from the sale.

bigjl

Which could have been more than £500.

I think the seller was generous not to ask for more.

Perhaps the OP will think twice before putting a deposit down and asking for hundreds of pounds of work to be done before collection.

harveybobbles

Nessun_Dorma wrote: »

No it couldn't.

Course it can!

Nessun_Dorma

harveybobbles wrote: »

Course it can!

Okay.....how would that be? It is impossible to establish what profit earned would have been. The car might have been sold with no profit at all, to anything above its purchase price.

Georga0001

Hi there
With respect to your question and the part where you say you had previously got your money back as you hadn't stepped onto the premises because it was all done on Internet and no contract had been received or signed… can you give me a breakdown of what happened? I'm in a similar position with having to pull out from a car purchase that I paid a deposit on but it was via the Internet, text messages and phone calls.
Thank you for your time

foxy-stoat

Georga0001 wrote: »

Hi there
With respect to your question and the part where you say you had previously got your money back as you hadn't stepped onto the premises because it was all done on Internet and no contract had been received or signed… can you give me a breakdown of what happened? I'm in a similar position with having to pull out from a car purchase that I paid a deposit on but it was via the Internet, text messages and phone calls.
Thank you for your time

I think you should start your own thread, this one is a bit old.