What would you do? Non-refundable deposit situation
#1
What would you do? Non-refundable deposit situation
I have for sale an S5 TII chassis listed for $750. I have been in correspondence with several individuals about the car. The one member in particular, which I won't name, was the first to contact me. He and I went back a forth for a few weeks. Initially, I was slow on taking pictures and sending them to him. Northern California has been storming a lot recently and it was difficult to take reasonable pictures displaying all the details of the car.
After pictures were sent, he agreed to purchase the car but needed time to find a car transport service and hire a shop to build an engine and do labor. He told me he really wanted the car and asked me to hold the car for him. He offered $375, 50% down to hold the car.
Before any money was transferred, I told him that I would take a non-refundable deposit of $375 to hold the car for 30 days for him to pick up the car or decide he no longer wants the car.
He asked for my availability to help load the car with the car transport service and the following day, he sent a $375 deposit via PayPal for the car.
Not one hour goes by, and he says his wife is angry at him and that they are having a baby in 3 weeks. So, he asked me to return his "non-refundable" deposit.
Now, this is where I'm sort of stuck on a moral issue. On one end, I'd like to refund his money and congratulate him on his upcoming baby. On the other end, I feel it was a VERY poor decision to purchase a car without your wife's consent and if you're having a baby in 3 weeks. So, I'd stick with the deal we agreed on and not return his non-refundable deposit.
Not to say you can't buy a car while expecting a baby, but if it was something that would cause your wife to be angry at you, then I feel it would be something to discuss before making that decision.
I'm leaning on keeping the deposit. Not because I need the money, but based on principle and I believe individuals should be responsible for their decisions and actions.
On a side note, prior to his wife being angry at him (and possible deposit made), I found out that this individual was already trying to sell the wheels on my TII chassis to another member local to his area. I know this because that member contacted me for pictures of the wheels.
What would you do?
After pictures were sent, he agreed to purchase the car but needed time to find a car transport service and hire a shop to build an engine and do labor. He told me he really wanted the car and asked me to hold the car for him. He offered $375, 50% down to hold the car.
Before any money was transferred, I told him that I would take a non-refundable deposit of $375 to hold the car for 30 days for him to pick up the car or decide he no longer wants the car.
He asked for my availability to help load the car with the car transport service and the following day, he sent a $375 deposit via PayPal for the car.
Not one hour goes by, and he says his wife is angry at him and that they are having a baby in 3 weeks. So, he asked me to return his "non-refundable" deposit.
Now, this is where I'm sort of stuck on a moral issue. On one end, I'd like to refund his money and congratulate him on his upcoming baby. On the other end, I feel it was a VERY poor decision to purchase a car without your wife's consent and if you're having a baby in 3 weeks. So, I'd stick with the deal we agreed on and not return his non-refundable deposit.
Not to say you can't buy a car while expecting a baby, but if it was something that would cause your wife to be angry at you, then I feel it would be something to discuss before making that decision.
I'm leaning on keeping the deposit. Not because I need the money, but based on principle and I believe individuals should be responsible for their decisions and actions.
On a side note, prior to his wife being angry at him (and possible deposit made), I found out that this individual was already trying to sell the wheels on my TII chassis to another member local to his area. I know this because that member contacted me for pictures of the wheels.
What would you do?
#2
Eats, Sleeps, Dreams Rotary
iTrader: (1)
Did he sign a non-refundable deposit agreement?
If he signed one, then legally you can keep the deposit if you aren't able to sell the shell, but you
must make a concerted effort to resell, and if you get the $750, then you must return his deposit.
You can't be in a better position because of the said deposit.
If no contract was signed, then theoretically there isn't a contract because he sure isn't going to
agree that he entered into an oral agreement about the deposit.
If he signed one, then legally you can keep the deposit if you aren't able to sell the shell, but you
must make a concerted effort to resell, and if you get the $750, then you must return his deposit.
You can't be in a better position because of the said deposit.
If no contract was signed, then theoretically there isn't a contract because he sure isn't going to
agree that he entered into an oral agreement about the deposit.
#3
Rotary Freak
iTrader: (10)
If it was near the 30 day mark, or even a week, I could understand you keeping the deposit due to turning away other interested parties. But an hour later, I think you're just trying to stick it to him on principle, like you alluded to...It's not your job to be the moral police, you shouldn't be trying to teach any lessons to someone.
We're a community here, and although he did make a dumb choice knowing full well about the upcoming expense of a baby, I think you should do the member the service of being a decent business conductor. If this was a stranger off Craigslist I personally would still say the same, but even more so when it's one of our own.
That's my 2 cents.
We're a community here, and although he did make a dumb choice knowing full well about the upcoming expense of a baby, I think you should do the member the service of being a decent business conductor. If this was a stranger off Craigslist I personally would still say the same, but even more so when it's one of our own.
That's my 2 cents.
Last edited by DC5Daniel; 01-22-17 at 07:51 AM.
#4
Did he sign a non-refundable deposit agreement?
If he signed one, then legally you can keep the deposit if you aren't able to sell the shell, but you
must make a concerted effort to resell, and if you get the $750, then you must return his deposit.
You can't be in a better position because of the said deposit.
If no contract was signed, then theoretically there isn't a contract because he sure isn't going to
agree that he entered into an oral agreement about the deposit.
If he signed one, then legally you can keep the deposit if you aren't able to sell the shell, but you
must make a concerted effort to resell, and if you get the $750, then you must return his deposit.
You can't be in a better position because of the said deposit.
If no contract was signed, then theoretically there isn't a contract because he sure isn't going to
agree that he entered into an oral agreement about the deposit.
In terms of legally, a "signed" contract isn't needed in a court of law. The general contracting company I work for was recently in a small claims court battle of a measly amount of $1100. The client sued our company based on work being "unfinished" and done below industry standards. My boss made a stupid mistake of getting a written contract, however, emails were exchanged between him and the client about expected work and the quoted price. The court used the emails as evidence and dates/times between the correspondence to win the decision in our favor.
#5
If it was near the 30 day mark, or even a week, I could understand you keeping the deposit due to turning away other interested parties. But an hour later, I think you're just trying to stick it to him on principle, like you alluded to...It's not your job to be the moral police, you shouldn't be trying to teach any lessons to someone.
We're a community here, and although he did make a dumb choice knowing full well about the upcoming expense of a baby, I think you should do the member the service of being a decent business conductor. If this was a stranger off Craigslist I personally would still say the same, but even more so when it's one of our own.
That's my 2 cents.
We're a community here, and although he did make a dumb choice knowing full well about the upcoming expense of a baby, I think you should do the member the service of being a decent business conductor. If this was a stranger off Craigslist I personally would still say the same, but even more so when it's one of our own.
That's my 2 cents.
Now on being a business conductor, that would actually steer me more on staying with the deal or said "contract".
I get I'm not his parent and I'm not purposely trying to teach him a lesson. What I'm getting at is the idea of being responsible for his actions. The minute I did something, I was responsible for that decision no matter how much time had passed. Maybe I grew up very differently from everyone else.
#6
Rotary Freak
iTrader: (10)
Originally Posted by Jaiyurai
DC5, if 2 or 3 weeks had went by, then I wouldn't have made this thread and kept the deposit.
Now on being a business conductor, that would actually steer me more on staying with the deal or said "contract".
I get I'm not his parent and I'm not purposely trying to teach him a lesson. What I'm getting at is the idea of being responsible for his actions. The minute I did something, I was responsible for that decision no matter how much time had passed. Maybe I grew up very differently from everyone else.
Now on being a business conductor, that would actually steer me more on staying with the deal or said "contract".
I get I'm not his parent and I'm not purposely trying to teach him a lesson. What I'm getting at is the idea of being responsible for his actions. The minute I did something, I was responsible for that decision no matter how much time had passed. Maybe I grew up very differently from everyone else.
For the record, I would like to say this guy needs to make better choices in regards to his finances. Especially if he's in hot water over over a sub-$1000 purchase.
I think you were brought up very well, being taught responsibility and accountability. However, most people are also taught understanding and compassion. Just because you may be entitled to keep the deposit, doesn't mean you necessarily should. We're talking $375 here...not a lot of money, but it probably means a lot more to him right now with the baby coming than it does to you.
If that doesn't sway you, then I'd say you've already made up your mind about what to do, and were hoping everyone would agree. It is your transaction and your right to do as you see fit.
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#8
Eats, Sleeps, Dreams Rotary
iTrader: (1)
No, we did not sign anything on paper because we are not close to each other and knowing full well that I was talking to multiple parties, he wanted to guarantee his chance at having the car by sending a deposit quickly.
In terms of legally, a "signed" contract isn't needed in a court of law. The general contracting company I work for was recently in a small claims court battle of a measly amount of $1100. The client sued our company based on work being "unfinished" and done below industry standards. My boss made a stupid mistake of getting a written contract, however, emails were exchanged between him and the client about expected work and the quoted price. The court used the emails as evidence and dates/times between the correspondence to win the decision in our favor.
In terms of legally, a "signed" contract isn't needed in a court of law. The general contracting company I work for was recently in a small claims court battle of a measly amount of $1100. The client sued our company based on work being "unfinished" and done below industry standards. My boss made a stupid mistake of getting a written contract, however, emails were exchanged between him and the client about expected work and the quoted price. The court used the emails as evidence and dates/times between the correspondence to win the decision in our favor.
Personally, I'm a pretty easy going guy and would return the money.
Many years ago I put a $100 deposit on a car I saw for sale on the side of the road, but later, after thinking about the deal, didn't want another project, so called, told them I changed my mind, but told them to keep the deposit. The young couple wouldn't hear of that and returned my money. I sent them a gift certificate for dinner at a local restaurant.
#9
Retired Moderator, RIP
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Take half ...give back Half...easy ..done..lesson learned.
If you are gonna buy a car then you shouldn't need the permission of anyone,and Ya that includes your wife.If it is a Marriage then all things are equal..that includes making good and bad decisions..He made a bad one.
If you are gonna buy a car then you shouldn't need the permission of anyone,and Ya that includes your wife.If it is a Marriage then all things are equal..that includes making good and bad decisions..He made a bad one.
#11
Take half ...give back Half...easy ..done..lesson learned.
If you are gonna buy a car then you shouldn't need the permission of anyone,and Ya that includes your wife.If it is a Marriage then all things are equal..that includes making good and bad decisions..He made a bad one.
If you are gonna buy a car then you shouldn't need the permission of anyone,and Ya that includes your wife.If it is a Marriage then all things are equal..that includes making good and bad decisions..He made a bad one.
Now, making decisions, then yes, he made a bad decision.
Well, I responded to the member and told him that I would refund his money pending another member picking up the car in the next two weeks. Everyone gets their money and all we lost is time.
#12
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Ya..it is a fine line..and you are a gentleman to do what you are doing.
But then again I am single so I don't have to listen to any of the "female persuasions"..they only want Half of my ****...and I like my ****!..it's good ****..I worked for my ****...stay away from my ****!
I guess in the end you gotta keep the other half happy..I mean if he wants MORE kids...heh,heh.!..he won't be doing this again!..any time soon!
But then again I am single so I don't have to listen to any of the "female persuasions"..they only want Half of my ****...and I like my ****!..it's good ****..I worked for my ****...stay away from my ****!
I guess in the end you gotta keep the other half happy..I mean if he wants MORE kids...heh,heh.!..he won't be doing this again!..any time soon!
#15
If even a day or two had passed, then I likely would have kept the deposit because it would be in my legal right to do so and would've lost other potential buyers.
Bottom line, I'm not responsible for the actions of others. He knew the terms of the deal and moved foreward, therefore agreed to them. While I'm within my legal right to keep the deposit, such miniscule amount is not worth getting into a fight for.
Last edited by Jaiyurai; 01-26-17 at 02:10 PM.
#16
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That's a little much. Internet thug, are ya?
If even a day or two had passed, then I likely would have kept the deposit because it would be in my legal right to do so and would've lost other potential buyers.
Bottom line, I'm not responsible for the actions of others. He knew the terms of the deal and moved foreward, therefore agreed to them. While I'm within my legal right to keep the deposit, such miniscule amount is worth getting in a fight for.
If even a day or two had passed, then I likely would have kept the deposit because it would be in my legal right to do so and would've lost other potential buyers.
Bottom line, I'm not responsible for the actions of others. He knew the terms of the deal and moved foreward, therefore agreed to them. While I'm within my legal right to keep the deposit, such miniscule amount is worth getting in a fight for.
#17
No, you return the money no questions asked. How is this even a thought that runs through your head? Dude is having a baby, his wife is pissed - IT WAS AN HOUR LATER!
How many buyers passed on the car in that HOUR?
Honestly, I think it's a little scummy to even tie the refund to someone else buying the car.
...and to everyone saying you have such high character and your moral compass is on point.
I think that speaks louder then agreeing to a refund based on terms. You are scum. If it's such a minuscule amount, then why are we talking about it? You want a trophy for doing the right thing? Just give the money back, no questions, no strings.
Originally Posted by Jaiyurai
Everyone gets their money and all we lost is time.
Honestly, I think it's a little scummy to even tie the refund to someone else buying the car.
...and to everyone saying you have such high character and your moral compass is on point.
Originally Posted by Jaiyurai
Bottom line, I'm not responsible for the actions of others. He knew the terms of the deal and moved foreward, therefore agreed to them. While I'm within my legal right to keep the deposit, such miniscule amount is worth getting in a fight for.
#18
UnderPSI, not going to bother debating with you because you seemed to already made your mind and no rational argument can change that.
Moderators please close this thread.
Matter is settled. Too many trolls/internet thugs whom aren't able to see the whole situation rationally and quick to pass judgement.
Moderators please close this thread.
Matter is settled. Too many trolls/internet thugs whom aren't able to see the whole situation rationally and quick to pass judgement.
#19
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No, you return the money no questions asked. How is this even a thought that runs through your head? Dude is having a baby, his wife is pissed - IT WAS AN HOUR LATER!
How many buyers passed on the car in that HOUR?
Honestly, I think it's a little scummy to even tie the refund to someone else buying the car.
...and to everyone saying you have such high character and your moral compass is on point.
I think that speaks louder then agreeing to a refund based on terms. You are scum. If it's such a minuscule amount, then why are we talking about it? You want a trophy for doing the right thing? Just give the money back, no questions, no strings.
How many buyers passed on the car in that HOUR?
Honestly, I think it's a little scummy to even tie the refund to someone else buying the car.
...and to everyone saying you have such high character and your moral compass is on point.
I think that speaks louder then agreeing to a refund based on terms. You are scum. If it's such a minuscule amount, then why are we talking about it? You want a trophy for doing the right thing? Just give the money back, no questions, no strings.
#20
Original Gangster/Rotary!
iTrader: (213)
Aren't we all part of the same community guys? At the end of of the day, he's doing the right thing, no need to be jerkoffs about it. And that's my opinion...... thread closed, anyone wanting to 'get the last word' feel free to PM me