What should i do?

[willy wonka]

Hi
3 weeks ago i had a chap come and view my Lexus he traveled a distance to see it and was happy with the car we agreed a price and he left me a deposit.
He told me he was due an insurance pay out which was iminent......
Guess what? thats right no pay out as yet.
I still have the car and deposit i spoke to him on Saturday and was told he would chase the insurance up and call me on Monday still not heard anything.
Do i chase my buyer again or just trade the Lexus in?
How long does an insurance pay out take?
Steve

[anonymous-user]

being fair to both of you, I think its OK for you to say something like 'look mate, if your insurance payout isn't here by the end of the week, I will return your deposit and sell the car to someone else.'

see where that gets you

[LuS1fer]

I agree but get the trade-in price FIRST as it may be far worse than you ever imagined and you may have to go back, cap in hand.