Buck531 Posted February 2, 2005 Report Share Posted February 2, 2005 Guy sent me $50 as a deposit to hold the rims I have. He has to wait until after his taxes come back to give me the rest of the money. Question. If he backs out.. do I give him his money back? or tell him to fuck off? Quote Link to comment Share on other sites More sharing options...
old dirty bastard Posted February 2, 2005 Report Share Posted February 2, 2005 I wouldnt because if your holding them and someone was interested you wouldnt sell them because there on hold and if he(guy paid deposit) backed out you would have lost sure money.I would keep the $50 for your trouble nothing shady about it just buisness Quote Link to comment Share on other sites More sharing options...
Guest GSRchick714 Posted February 2, 2005 Report Share Posted February 2, 2005 I think you should keep it. If he's having you hold them for that long (depending how long it takes) and then doesn't even want them anymore, you coulda sold them to other people so keep his $50, thats his problem. You put a deposit on something to buy it, not to back out a month later!!! Quote Link to comment Share on other sites More sharing options...
The Man of Steele Posted February 2, 2005 Report Share Posted February 2, 2005 Originally posted by Old Dirty Bastard: I wouldnt because if your holding them and someone was interested you wouldnt sell them because there on hold and if he(guy paid deposit) backed out you would have lost sure money.I would keep the $50 for your trouble nothing shady about it just buisnessT.J hammered it down exactly... Also we could take the BMW and run people over Quote Link to comment Share on other sites More sharing options...
Skinner Posted February 2, 2005 Report Share Posted February 2, 2005 depends if it were a good friend and it fell through I would probably give the money back. but for anyone else i would let them know up front, that way they know what to except if they back out. Quote Link to comment Share on other sites More sharing options...
The Man of Steele Posted February 2, 2005 Report Share Posted February 2, 2005 Originally posted by GSRchick714: I think you should keep it. If he's having you hold them for that long (depending how long it takes) and then doesn't even want them anymore, you coulda sold them to other people so keep his $50, thats his problem. You put a deposit on something to buy it, not to back out a month later!!!I think you suck... Quote Link to comment Share on other sites More sharing options...
nathan Posted February 2, 2005 Report Share Posted February 2, 2005 I would agree, unless you told him that he could get his money back. He wants the rims, why else would he have given you money? Think of it more as layaway. Quote Link to comment Share on other sites More sharing options...
Bgbdbn Posted February 2, 2005 Report Share Posted February 2, 2005 The money is yours. Just like the above post say. He prevented you from selling them to another person that wanted to buy them right then and there. Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted February 2, 2005 Report Share Posted February 2, 2005 Yeah, I always assume when I put money down on something like that, that if I back out, it's gone. It's probably good to state it though up front with the person so there isn't any confusion, or possible hard feelings about the situation. It will just make everything go smoother. Quote Link to comment Share on other sites More sharing options...
GRN96WS6 Posted February 2, 2005 Report Share Posted February 2, 2005 You need to state it in the beginning what the terms are, if you don't then it can go either way. When I was selling my TA I took a deposit down of $200 I believe and I wrote up a word doc stating we agreed on a specified date and that if he backed out I would get the $200 for hassle and it basically missing sales because it was on hold for him. He bought it so it was a non issue but I'd always thought you should keep the deposit. Quote Link to comment Share on other sites More sharing options...
Total Sign Posted February 2, 2005 Report Share Posted February 2, 2005 Friend or not, business is business. A deposit is to hold parties to their agreements. Keep it. Quote Link to comment Share on other sites More sharing options...
TurboII7 Posted February 2, 2005 Report Share Posted February 2, 2005 Yeah I always thought that was the point of a deposit? If they give you the money to hold, then get it back when they pull out what is the point of the deposit? Quote Link to comment Share on other sites More sharing options...
Guest GSRchick714 Posted February 2, 2005 Report Share Posted February 2, 2005 When I bought my car, I gave the dude a $100 deposit, I called him THE NEXT DAY to see if he was going to give me back the check or if he was keeping it because I had to apply for my loan and I wanted to know how much to apply for. HE HAD ALREADY CASHED IT! I was kinda amazed by that graemlins/eek2.gif I thought I was going to get it back!! But oh well Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted February 2, 2005 Report Share Posted February 2, 2005 Just make sure to be CLEAR that it is a non-refundable deposit. If he buys the rims by x time frame, then the deposit goes towards the rims. If not, he gets no money back. My rooamte had a problem with this when he was selling a built 355 LT1 shortblock. A guy gave him a small deposit, then backed out, wanting some/all of the money back. My roomate didn't really know what to do, but I told him to tell the guy to eat shit, as he passed up other sales because of this. You don't get deposits back on things you have someone hold for you. So be VERY clear about it, and all should be good. Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted February 2, 2005 Report Share Posted February 2, 2005 Keep it. Quote Link to comment Share on other sites More sharing options...
BiG BeN Posted February 2, 2005 Report Share Posted February 2, 2005 i say keep it as well, but send him an e-mail stating that. ask for a time frame for when you can expect full payment,and after that you are free to sell to someone else and keep the deposit. Quote Link to comment Share on other sites More sharing options...
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