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.