Go Back   AnandTech Forums > Social > The Garage

Forums
· Hardware and Technology
· CPUs and Overclocking
· Motherboards
· Video Cards and Graphics
· Memory and Storage
· Power Supplies
· Cases & Cooling
· SFF, Notebooks, Pre-Built/Barebones PCs
· Networking
· Peripherals
· General Hardware
· Highly Technical
· Computer Help
· Home Theater PCs
· Consumer Electronics
· Digital and Video Cameras
· Mobile Devices & Gadgets
· Audio/Video & Home Theater
· Software
· Software for Windows
· All Things Apple
· *nix Software
· Operating Systems
· Programming
· PC Gaming
· Console Gaming
· Distributed Computing
· Security
· Social
· Off Topic
· Politics and News
· Discussion Club
· Love and Relationships
· The Garage
· Health and Fitness
· Home and Garden
· Merchandise and Shopping
· For Sale/Trade
· Hot Deals with Free Stuff/Contests
· Black Friday 2014
· Forum Issues
· Technical Forum Issues
· Personal Forum Issues
· Suggestion Box
· Moderator Resources
· Moderator Discussions
   

Reply
 
Thread Tools
Old 11-01-2010, 12:16 PM   #1
hoorah
Senior Member
 
Join Date: Dec 2005
Posts: 631
Default Selling a car - what to do if someone puts a deposit and backs out?

So I have a car I got to fix up and flip, a cheapie 1996 infiniti G20. Put it on craigslist for $1500 and the calls came flooding in. The first people that saw it offered 1250 and I accepted (the wife has wanted this thing out of the driveway for awhile now). They gave me a 250 deposit to hold the car until monday morning.

Monday morning comes and they're no shows (after making me late for work). I call them and they say they'll be by in the afternoon. I'm suspecting by the tone of their voice they don't have the rest of the money.

I've turned down a TON of people calling about the car. If they don't come by tuesday, I'm ready to call it quits with them and move on. My question - what is legal to do with the deposit, and what is ethical?

I don't really think $250 is fair for keeping the car off the market for 1 weekend. I'd probably offer to give them back $150 and keep $100. No paperwork was signed, no contracts written. They agreed to come purchase the rest of the car on a set day for a set price verbally, thats it.

The people I agreed to sell it to are caribbean islanders - they do business differently than you'd expect. Everything with them is based on trust ( 'legal' means nothing to them) so its unlikely they'd ever sue me in small claims court. Of course, I don't mean to be a d**k and take money that doesn't belong to me, but knowing these type of people they'd expect it all back and would be the most loud and obnoxious people you'd ever seen if they didn't. I really hate selling/showing cars to them

WWYD?
__________________
Main: CyberpowerPC i7-3770K / 16GB / ATI7850 / Win 8.1
HTPC x 6: HDHRprime + ASTC tuners, WMC + Mediabrowser
Server: i5-2300 / 8GB / WS2012 R2 Essentials
NAS: Dlink DNS 323 NAS - 2x1TB
Portable: HP DV7 - T6600 / 8GB
hoorah is offline   Reply With Quote
Old 11-01-2010, 12:22 PM   #2
CurseTheSky
Diamond Member
 
CurseTheSky's Avatar
 
Join Date: Oct 2006
Posts: 5,356
Default

If you had calls flooding in before, you can relist it and have calls flooding back in again.

I'd give them their money back, but charge $50-75 for the inconvenience. Talk it over with them before any money changes hands. If they threaten to take you to court, remind them that you lost time at work due to their promise to show up.
__________________
We're all going to die someday, regardless of race, gender, beliefs, or any other differences.

The where, when, and how are things that we can try to control, but in the end, it's the mark that we leave on this world that we truly have power over.
CurseTheSky is offline   Reply With Quote
Old 11-01-2010, 01:40 PM   #3
KeithP
Diamond Member
 
KeithP's Avatar
 
Join Date: Jun 2000
Location: Sacramento
Posts: 4,497
Default

Quote:
Originally Posted by hoorah View Post
...The people I agreed to sell it to are caribbean islanders - they do business differently than you'd expect. Everything with them is based on trust...
And if they repeatedly tell you they are going to pay you by a certain date and don't, they have violated that trust.

Personally, I would keep the deposit and sell the car to someone else. If you wanted to be nice, you could return all or part of the money if you successfully sell the car to someone else.

-KeithP
__________________
Heat 64-0-0

Hoodies don't have zippers, chili doesn't have beans, the plane won't take off...deal with it.
KeithP is offline   Reply With Quote
Old 11-01-2010, 02:16 PM   #4
Marlin1975
Lifer
 
Marlin1975's Avatar
 
Join Date: Jul 2000
Location: aaaaa
Posts: 21,503
Default

Relist for $1900 and give them their money back. Not worth the headache to keep it.

Also add the line I always use...


"$XXXXdollars and first with cash gets it. No holding"
__________________
Quote:
Originally posted by: JS80
Even I will admit if it were under Bush I would find an excuse to support it even if I thought it was a waste of money.
Quote:
Originally posted by: spidey07
No muslims, no athiests, no gays.
Quote:
Originally Posted by spidey07 View Post
I'm proud to be a racist now. VERY proud.
Marlin1975 is offline   Reply With Quote
Old 11-01-2010, 02:29 PM   #5
FDF12389
Diamond Member
 
FDF12389's Avatar
 
Join Date: Sep 2005
Location: WI
Posts: 5,214
Default

Quote:
Originally Posted by Marlin1975 View Post
Relist for $1900 and give them their money back. Not worth the headache to keep it.

Also add the line I always use...


"$XXXXdollars and first with cash gets it. No holding"
This
__________________
My Heat
FDF12389 is offline   Reply With Quote
Old 11-01-2010, 03:56 PM   #6
kornphlake
Golden Member
 
Join Date: Dec 2003
Posts: 1,548
Default

Give them their money back, obviously the potential buyer is having financial trouble, taking $250 from them isn't going to help them improve their situation. If you were selling a $10,000 vehicle I might not be so kind, but really what has it cost you to hold the car a couple days? It sounds like you'll have no problem selling the car if this deal falls through.
kornphlake is offline   Reply With Quote
Old 11-01-2010, 06:00 PM   #7
MiataNC
Platinum Member
 
Join Date: Dec 2007
Posts: 2,203
Default

Give them their money back. Why pick a fight you don't need?

The car will sell.

If you feel like you need to be compensated for time lost, hold out for more from the next buyer.
__________________
Treat every relationship as a medium of growth not an excuse to get lazy.

A confident man doesn’t waste time lamenting his failures. He drives forward to the next success.
MiataNC is offline   Reply With Quote
Old 11-01-2010, 06:48 PM   #8
twinrider1
Platinum Member
 
Join Date: Sep 2003
Location: Columbus, OH
Posts: 2,863
Default

I think you are within your rights, legally and ethically, to keep the deposit. But ultimately it's probably just not with the hassle. I'd re-list and this time make it First Person With Cash.
twinrider1 is offline   Reply With Quote
Old 11-02-2010, 05:23 AM   #9
MustangSVT
Lifer
 
MustangSVT's Avatar
 
Join Date: Oct 2000
Posts: 11,530
Default

talk to them.
ask what happened and also tell them what happened on your side.

reach an agreement on what is fair.
I dont think you have to be mean , but I also don't think you should help them out.

damn I sound like a jerk.
__________________
The universe is indifferent.
MustangSVT is offline   Reply With Quote
Old 11-02-2010, 09:04 AM   #10
NutBucket
Lifer
 
NutBucket's Avatar
 
Join Date: Aug 2000
Location: West SFV
Posts: 22,744
Default

This happened to me about 5 years ago.

Long story short, after I got a deposit I never heard from the guy again (he was in AZ). I attempted to contact him multiple times and got nothing. I had my then-gf contact him over AIM so I knew he wasn't dead at least. Anyway, being that he was completely non-responsive to me I kept the money and don't feel the least bit guilty about it.
NutBucket is offline   Reply With Quote
Old 11-02-2010, 09:26 AM   #11
Gillbot
Lifer
 
Gillbot's Avatar
 
Join Date: Jan 2001
Location: Probably still at work
Posts: 28,717
Default

Quote:
Originally Posted by Marlin1975 View Post
Relist for $1900 and give them their money back. Not worth the headache to keep it.

Also add the line I always use...


"$XXXXdollars and first with cash gets it. No holding"
Quote:
Originally Posted by FDF12389 View Post
This
yep
__________________
My Heatware
Gillbot is offline   Reply With Quote
Old 11-02-2010, 09:46 AM   #12
alkemyst
No Lifer
 
Join Date: Feb 2001
Location: Corner of EPIC and ĹWESOME ST.
Posts: 83,994
Default

I'd keep the deposit, but I only take a deposit letting the person know it's mine if they back out.
__________________
The Masamune blade would repel the leaves and let them flow safely down the stream, while the Murasame blade would attract and cut them up.
alkemyst is offline   Reply With Quote
Old 11-02-2010, 09:50 AM   #13
HarryLui
Golden Member
 
Join Date: Aug 2001
Location: Mesa, AZ
Posts: 1,254
Default

If you have a LOT of calls, you don't have to short sale yourself by cutting your price, and definitely do NOT take payment or deposit non-sense.
__________________
85 GLH
94 855

My Heatware
HarryLui is offline   Reply With Quote
Old 11-02-2010, 01:50 PM   #14
HardcoreRobot
Lifer
 
HardcoreRobot's Avatar
 
Join Date: Nov 2000
Location: NoVA
Posts: 16,401
Default

why take a deposit at all if you just give it back no matter what?
HardcoreRobot is offline   Reply With Quote
Old 11-02-2010, 02:42 PM   #15
Sukhoi
Elite Member
 
Sukhoi's Avatar
 
Join Date: Dec 1999
Posts: 14,978
Default

Quote:
Originally Posted by HardcoreRobot View Post
why take a deposit at all if you just give it back no matter what?
yeah lol what's the point of the deposit? Personally I hate unreliable people so I'd keep the deposit. They should have called you in the morning when they weren't coming.
__________________
0.5/0.707106781187... = 0.707106781187...
Sukhoi is offline   Reply With Quote
Old 11-02-2010, 05:31 PM   #16
dud
Diamond Member
 
dud's Avatar
 
Join Date: Feb 2001
Location: The edge of tomorrow
Posts: 6,825
Default

Come on ... the answer is obvious. Keep the deposit! That's what a deposit is for.
__________________
Very few of us are actually content with what we have - no matter what we have. Our joy is maximized as we learn to enjoy the limitations with which we are saddled.

Last edited by dud; 11-03-2010 at 10:29 AM.
dud is offline   Reply With Quote
Old 11-02-2010, 09:59 PM   #17
Spicedaddy
Platinum Member
 
Spicedaddy's Avatar
 
Join Date: Apr 2002
Posts: 2,156
Default

Relist car and sell to someone else. If you got a bunch of calls, you know you can get more than 1250$.

Keep 100$ from the deposit, and next time make sure to tell the people leaving a deposit that you're keeping all of it if they don't end up buying the car.
Spicedaddy is offline   Reply With Quote
Old 11-02-2010, 11:39 PM   #18
dirtboy
Diamond Member
 
Join Date: Oct 1999
Posts: 6,730
Default

You don't have a contract that states you get to keep the money. Sell the car to someone else and return their deposit.
dirtboy is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 06:03 AM.


Powered by vBulletin® Version 3.8.8 Alpha 1
Copyright ©2000 - 2015, vBulletin Solutions, Inc.