Are deposits refundable? - HotUKDeals
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Are deposits refundable?

MANJ_007 Avatar
7y, 11m agoPosted 7 years, 11 months ago
I put down a £200 deposit on a Rover 25 for a cousin (2003, 52 reg, 23000 miles), she has now changed her mind and doesnt want a rover anymore! Where do i stand regarding the deposit? The total price for the car was agreed at £1900. Do i pay the £1700 and try and sell the car to get my money back or do i lose me £200 deposit. She hasnt got the money to pay me back as im loaning her the full amount for the purchase of the vehicle!

Any advice woould be helpful

Thanks
MANJ_007 Avatar
7y, 11m agoPosted 7 years, 11 months ago
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#1
let her get one for 1700 but pay you 1900.
#2
It depends !or private?

Who are you buying from - dealer

Did you get a receipt for the deposit? If so what does it say on teh receipt?

EliTom
#3
Add the £200 you'll lose on to the total she ends up borrowing from you.
#4
thats what deposits are for .....to make sure you are serious about buying otherwise you lose it

not worth the hassle just suck it up
#5
I don't think you will get it back ..
#6
you won't get it back. The more I think about it the more annoyed I'm getting lmao. Would she be so fickle if it was HER £200? I think not. Make sure she pays you it back as well as what you loan her for the car she finally does buy.
#7
Yes i got a receipt, but i dont know what it says on it as im at work, and she only just txt me! It was advertised in the auto trader but it is a trade purchase.

Doesnt look good, looks like £200 gone down the pan!
#8
ChipSticks
you won't get it back. The more I think about it the more annoyed I'm getting lmao. Would she be so fickle if it was HER £200? I think not. Make sure she pays you it back as well as what you loan her for the car she finally does buy.


She knows im annoyed with her, i made sure of it!
#9
MANJ_007
Yes i got a receipt, but i dont know what it says on it as im at work, and she only just txt me! It was advertised in the auto trader but it is a trade purchase.

Doesnt look good, looks like £200 gone down the pan!


If its a dealer try it on - use a sob story - its xmas they may let you off.

However as previously mentioned that's the purpose of a deposit - to show you are serious about buying somethin. Make sure you cousin realises that !

EliTom
#10
MANJ_007
She knows im annoyed with her, i made sure of it!


lol, good. :thumbsup:
#11
Deposits are generally non refundable. I once put a deposit on a car, before checking what insurance group it was, which turned out to be 17! Anyway, i phoned up and he wouldn't refund, so rather than lose a guaranteed £200 i took the whole car for £2400, figuring at least then i had a chance of getting it back. I then sold the car for £3000 :thumbsup:
#12
[COLOR="Red"]Anybody want to buy a rover 25?[/COLOR]

LOL
#13
I would make her have it, then tell her if she wants a different car she'll have to sell the rover herself. If she doesn't like the idea tell her to go xxxx Herself!!
#14
You could also try and go down the sympathy vote. Your cousin has just found out she is being made redundant, and with it being just before Christmas, now can't afford the car
#15
peodude
You could also try and go down the sympathy vote. Your cousin has just found out she is being made redundant, and with it being just before Christmas, now can't afford the car


And as the dealer i'd say that's fine. You're still not getting your £200 back though :lol:
#16
MANJ_007
[COLOR="Red"]Anybody want to buy a rover 25?[/COLOR]

LOL


Nobody wants to buy any Rovers, period.:whistling:
#17
I would go see the car and see if it is 'as advertised'. If there are any variances, you could possibly agree to not buy the car. Or, transfer the deposit to another car they are selling?
#18
Inactive
Nobody wants to buy any Rovers, period.:whistling:


I could be tempted by a cheap MG ZS......

http://i19.ebayimg.com/05/m/000/93/be/5998_27.JPG

How could you not like that. Would have to be met grey though.......
#19
bazzaric
Or, transfer the deposit to another car they are selling?


That's probably the best solution, or at least the one most likely to succeed :thumbsup:
#20
Shengis
..



How could you not like that. Would have to be met grey though.......


Poor cousin of a Honda Civic.:whistling:

Nothing wrong with a Honda Civic of course.
#21
Cheers guys, but does anyone have a deffinate answer or are we just assuming?
#22
MANJ_007
Cheers guys, but does anyone have a deffinate answer or are we just assuming?


No-one knows what garage you got it from, what their policies are, or what mood the guy is in when you go back and ask for it. None of us, unless the garage owner is on here, can clarify it one way or another, only you can get the definitive answer
#23
peodude
No-one knows what garage you got it from, what their policies are, or what mood the guy is in when you go back and ask for it. None of us, unless the garage owner is on here, can clarify it one way or another, only you can get the definitive answer


Nah mate i understand that, was just wandering where i stood legally. Probably not legally entitled to it back but im not 100% sure though
#24
I'm guessing you went to see the car and paid the deposit there and then in person? If not, and you paid over the phone, then you have some comeback under the Distance Selling Regulations and your deposit should be refunded
#25
you pay the deposit to hold the item - if you dont take the item you dont get the deposit back - if you buy from the same person they can let you use the deposit against another item - but they dont have to

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