Safest way to leave a dopsit on a car?
Discussion
I'm traveling to Norwich over the weekend to look at a car advertised by a private seller.
If all goes according to plan I'd like to leave a deposit for him to hold the car for 8 weeks.
Is there any kind of official paper work, or similar, that I can get his and my signature on, in case something were to happen to the car in question and I need the deposit back?
Any hints tips and ideas? Much appreciated!
Jon
If all goes according to plan I'd like to leave a deposit for him to hold the car for 8 weeks.
Is there any kind of official paper work, or similar, that I can get his and my signature on, in case something were to happen to the car in question and I need the deposit back?
Any hints tips and ideas? Much appreciated!
Jon
Edited by JonVTR on Thursday 6th March 15:52
JonVTR said:
I'm traveling to Norwich over the weekend to look at a car advertised by a private seller.
If all goes according to plan I'd like to leave a deposit for him to hold the car for 8 weeks. Jon
All you need to do is set out on a piece of paper (2 copies),If all goes according to plan I'd like to leave a deposit for him to hold the car for 8 weeks. Jon
- The date
- Names and addresses
- Mr X
- has agreed to buy xyz car registration number KK77KKK
- from Mr Y
- for £?,000
- and paid a deposit of £?00
- which Mr Y acknowledges having received.
- Balance to be paid and car handed over to Mr X by (whatever date you agree)
- Balance to be paid by cash/bank transfer (whatever you agree) upon delivery.
- Both sign both copies and then keep one each.
Seriously then, I don't think anything you write makes a jot of difference. Make the deposit small enough so that you don't care if you lose it. If your circumstances change, and he keeps your deposit, irrespective of any 'agreement' - what are you going to do? Sue? Nah.
£150 would be what I would offer as a deposit.
£150 would be what I would offer as a deposit.
bqf said:
£150 would be what I would offer as a deposit.
Depends on the value of the sale. I've in a similar position from a seller viewpoint, we agreed 20% deposit. However- imho it's all about trust. Have you been open and honest with the other guy, has he been open and honest with you...JonVTR said:
It could be generous if I offer over the asking price, not trying mess anyone around.
It could be, but it would have to be a fair bit more to keep the car insured, taxed, garaged and all the other stuff you need for the next 2 months, then you turn up and say actually I have found one cheaper so can we talk about the price?The paper work you put together will me stuff all in the grand scheme of things.
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to the point please!