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-   -   Deposit for Used Car (https://www.askmehelpdesk.com/showthread.php?t=272133)

  • Oct 21, 2008, 06:57 PM
    maui mom 50
    Deposit for Used Car
    Do I need to return a deposit given on a car I am selling if the buyer backs out?
  • Oct 21, 2008, 07:12 PM
    Fr_Chuck

    What did the written agreement that you had them sign say ?

    Normally if the deposit was to hold the car, and they were to come back in... days and buy it, no you keep it, if they back out, that is why they give you a deposit.
  • Oct 22, 2008, 06:14 PM
    maui mom 50
    No written agreement at all! They just said they would have the balance the next week and would I "hold" the car and consider it sold.
  • Oct 22, 2008, 06:55 PM
    Fr_Chuck

    Nope I would keep the money any day of the week like that, and to be honest I have in the past.
  • Oct 23, 2008, 08:12 AM
    maui mom 50
    Thanks for your help!

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