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Thread: taking deposits for cars or parts

  1. #1
    Junior Member SHOW GUEST
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    taking deposits for cars or parts

    For all you drag racers selling parts or cars on racingjunk i would like to know your input on taking deposits for cars,parts etc. When a person gives you a deposit on something that you are trying to sell what is what is your policy on a deposit refund if that person decides not to buy your car or parts. Does he lose his deposit?

  2. #2
    Senior Member RACING JUNKIE
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    that veries mainly if you (seller) expresses in writing (mail rj mail best) that it is either refundable or non refundable. as seller it is your call just be clear and up front in writing so there is no misunderstanding and not accused of scamming
    CRIMEDOG
    Sam Wood

  3. #3
    Senior Member RACING JUNKIE
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    Re: taking deposits for cars or parts

    Quote Originally Posted by meineke
    For all you drag racers selling parts or cars on racingjunk i would like to know your input on taking deposits for cars,parts etc. When a person gives you a deposit on something that you are trying to sell what is what is your policy on a deposit refund if that person decides not to buy your car or parts. Does he lose his deposit?
    If you state it up front- thats its forfeit- then it should be forfeit.

    Your time, cost of ads etc has value.

    Typically set the deposit to what you will be out if he walks and make it not refundable and confirm in writing, and everyone lives happily ever after.

    Scorp
    Cowards often find courage behind a keyboard. If you want to get personal, look me in the eye when you say it, and be man enough to deal with the consequences.

    Bullying whiny little scammers everywhere. Don't like it? Just keep crying.

  4. #4
    Senior Member RACING JUNKIE BEAST477's Avatar
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    If you put the deposit at a fair % of the price and depending if they come to you or are meeting halfway it will help eliminate most of the tire kickers, if you post nonrefundable.
    BEAST477






    Only a rich man can afford to use cheap parts.

    http://www.racingjunk.com/profile/177549

  5. #5
    Senior Member RACING JUNKIE mopar1968's Avatar
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    If a man just desides flat out he doesn't want the car/part after 7 day's,I keep the deposit because i have marked sale pending and probably lost a good sale :!: But on the other hand if it is due to health reason's or something legit, i will return it to them :!: :!:



    ''JUST MY TWO CENT'S WORTH''
    Head's up the true drag race!!

  6. #6
    Senior Member RACING JUNKIE lively's Avatar
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    i would refund a deposit if it was for a health/ true financial problem 8) 8)
    UNLESS IT WAS MOPAR1968----THEN I WOULD JUST PLAIN [HANG HIM UP!!!!] LOLOLOLOL==SORRY JUST COULDN'T RESIST MOPAR :lol: :lol: :lol: :lol:

    YOU KNOW I AM YOUR FRIEND---LIVELY

  7. #7
    Senior Member RACING JUNKIE mopar1968's Avatar
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    I know you couldn't resist, LOL, :lol: :lol: Your a good man ''Lively''




    ''JUST MY TWO CENT'S WORTH''
    Head's up the true drag race!!

  8. #8
    Senior Member RACING JUNKIE
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    Re: taking deposits for cars or parts

    Quote Originally Posted by meineke
    For all you drag racers selling parts or cars on racingjunk i would like to know your input on taking deposits for cars,parts etc. When a person gives you a deposit on something that you are trying to sell what is what is your policy on a deposit refund if that person decides not to buy your car or parts. Does he lose his deposit?

    If it was done sight unseen and they get there and its not what they were told or misrepresented then they get the deposit back.

    I remember years ago my dad took a deposit on a 72 nova he had for sale, guy came and looked at it and put down 500.00 2 weeks later he wanted it back as he couldnt come up with the rest of the money. My dad told him no its a deposit and not his fault he bought without having all the funds. State Police showed up with the guy asking for the money back, my dad explained to the cops what had happend and the cops told the guy he was not getting his money back.
    David Lanning
    IHRA NHRA 387B

    Fleenor Racing Transmission
    419-280-1406
    Lanning Electric
    Complete Drag Car Wiring
    APD Race Engines
    www.apdracing.com

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