SupaMiniCupa

Morning NSR,

A friend of mine is going through some hassle selling her car. She's taken a deposit (£300) on her car (roughly 10% i'd say, although I could be wrong). Buyer has pulled out after a month of umming and arring. In short, the buyer has had trouble getting the funds to my friend's car.

Now, she's decided she doesn't want to buy the car at all. Is my friend within her rights to keep her deposit? I think so, although I've told her to get onto Citizens Advice to double check.

Any thoughts?

PS 'my friend does not = me

TopBanana

Yes of course, that's the point of a deposit. If she didn't actually miss out on selling it to anyone else she might decide to give it back out of the goodness of her heart - you know what women are like. Personally, it sounds like the puller-outer needs a hard lesson in money management, so I'd keep the money as a favour - cruel to be kind and all that.

davegtt

Keep the money, as said thats the point of a deposit. otherwise what they want to do is agree a sale but if someone else comes with the money first its theirs. the deposit is to hold a car for them and make sure you dont lose out if/when the buyer changes their mind.

BlkKnight

I'd be inclined to give her back the money less "re-advertizing & admin costs".

But it depends how much grief she's given you.

SupaMiniCupa

Great!

Cheers folks - problem solved

ScoobyJawa

Keep it!