Sold my truck or so i thought

[GREEDY GENIUS]

Send him back a IOU....it's as good as money.

 

[SINister]

send it back in unrolled pennies,

That I could live with:lmao:

 

[bob1961]

A deal is a deal.
Doing anything else would not be cool in my book.
Deposits are non refundable in my book if they back out & I am up front with that.
Good luck

yes as long as you STATED IT WAS NON REFUNDABLE up front....

 

[bob1961]

Deposits are non refundable. Do not send anything back it is now your money.

not unless stated first and should be backed by a signed contract stating so as said before....

 

[bob1961]

I've sold several cars where the buyer gave me an up-front payment, with the balance due when they picked it up. Every time the deal was done in writing (doesn't matter on what, just as long as you each get a copy and is signed by both of you) and with an agreement that $X amount of that initial payment was non-refundable should they back out. I also kept the title and the car until it was all paid for.

A couple times the initial buyer backed out, they were refunded everything minus what was agreed upon. No room for complaints, no threats, no bad feelings on my part.

Doing it all verbally is stupid on both of your parts.

now that is the way to do a deal "thumbsup" ....

 

[bob1961]

I build picnic tables for 150.00 bucks with a 75.00 non refundable deposit to cover cost of wood, STATED before money has changed hands "thumbsup" ....

 

[Natedog]

send it all back and make sure the next guy doesnt waste your time.

thats what i would do...

that and sell it local with money in hand "thumbsup" ....

I agree no doubt he intended to buy it sending that much money but nothing was said about refunding the deposit or how much that refund would be. I've never dealt with a business with a non refundable deposit that it wasn't stated upfront and clearly. I couldn't in good conscious keep the money but that's just me.

Whether a deposit is refundable or not is dependant on the contract between buyer and purchaser..could go either way in court but i would send the $$ back and consider it lesson learned if you didnt state at the time of the deal you would keep the deposit in the event of him not coming up with the rest..shitty deal but you still have your truck.

I've sold several cars where the buyer gave me an up-front payment, with the balance due when they picked it up. Every time the deal was done in writing (doesn't matter on what, just as long as you each get a copy and is signed by both of you) and with an agreement that $X amount of that initial payment was non-refundable should they back out. I also kept the title and the car until it was all paid for.

A couple times the initial buyer backed out, they were refunded everything minus what was agreed upon. No room for complaints, no threats, no bad feelings on my part.

Doing it all verbally is stupid on both of your parts.

What they all said, give it all back, learn your lesson, and don't sell that way again. And I put it in writing, both sign and both get a copy.

 

[m1009cucv]

Well this sure turned into a pain in the ass. This is what I get for rushing. Trying to get money together for my trip. I refunded him all his money except transfer fee. Lesson learned. This sucked. I am lucky it worked out though. The one guy turned away. Came back at 8:00 this morning and handed me $3600 in cash For the truck and set a 37" Hummer tires. Looks like I'm getting paid to put on a lift kit as well. I got lucky this worked out. Forget this deposit crap. Cash and carry next time.

 

[bob1961]

Forget this deposit crap. Cash and carry next time.

see your not to old to learn the proper way of selling "thumbsup" ....

 

[THX_138]

Wait a full 21 days and then double check with your bank before you draw a penny.
And even then, make him come in person and photo copy his ID before you refund him.

My Dad got burnt a few years back on the same scam for $5,600

Guy did the same thing. Wired him
Partial payment, waited about a week and said he changed his mind.
Told my dad to keep $500 for his troubles and wire the rest back.

About 10 days later bank calls my dad and said the original wire was bogus.


I always thought 7-10 days once something runs through a bank you are safe.

I guess those days are long gone.

Double, triple check your bank before you give anything back.




.

 

[Mega Fattie]

Screw that guy. Keep the deposit, tell him he has 30 days to pay the remaining balance on the truck, or it will be going back up for sale.

Dont let idiots walk all over you.

 

[wings_of_fire]

Wait a full 21 days and then double check with your bank before you draw a penny.
And even then, make him come in person and photo copy his ID before you refund him.

My Dad got burnt a few years back on the same scam for $5,600

Guy did the same thing. Wired him
Partial payment, waited about a week and said he changed his mind.
Told my dad to keep $500 for his troubles and wire the rest back.

About 10 days later bank calls my dad and said the original wire was bogus.


I always thought 7-10 days once something runs through a bank you are safe.

I guess those days are long gone.

Double, triple check your bank before you give anything back.

Good eye opener!"thumbsup" "thumbsup"

 

[THX_138]

Good eye opener!"thumbsup" "thumbsup"

Sad thing is....

I don't think that there is ever an actual interest in the item at all. It's all just a ploy to find a victim to convert their bogus wire transfer in to cash in their hands.

My poor Dad was blinded by the thought of a free couple hundred bucks



.

 

[bob1961]

Screw that guy. Keep the deposit, tell him he has 30 days to pay the remaining balance on the truck, or it will be going back up for sale.

Dont let idiots walk all over you.

that is the dumbest shit yet said here, if not agreed to before money sent that it is a NON REFUNDABLE deposit ! ! !....OP did not say what was agreed to up front before he got the money....

now we all know not to deal with you "thumbsup" ....

 

[wings_of_fire]

Sad thing is....

I don't think that there is ever an actual interest in the item at all. It's all just a ploy to find a victim to convert their bogus wire transfer in to cash in their hands.

My poor Dad was blinded by the thought of a free couple hundred bucks



.

Banking loopholes are hard to understand. In fact the whole banking system is kind of a scam.
Is there any guarantee that the banks don't create online thieves? I mean they create rules and they are well aware of its weaknesses. And the upper bosses in a bank are well aware of how the system works. Its these minds that have the power to create a mess and since they are humans they obviously have greed.

In India a person running a business is less likely to get a credit card without keeping a collateral deposit with the bank. When I was offered a credit card, I got a cal from my banks credit card department that I can avail a facility of credit card insurance and that they will charge me so and so amount for it. I denied it immediately. They kept pursuing me with several calls for the next couple of days. They kept telling me what could go wrong and how much loss I could incur. I told them, if the banks are running an electronic system of payments, then it is their duty to run it right. I need not have to shell out money because their system lacks the capability to be full proof. Its only numbers that fly from one computer to another. If I am getting scammed from other side then these banks are well aware of who is doing so, because they don't close their eyes while opening a banking account for the scammer on the other side. The whole banking system is interlinked.

I also told them that if my cc gets scammed without my mistake and they debit my account I will be their nightmare. I threatened them in a legal way. I never got a call back from them. I can go to great lengths against injustice.

Your dads situation was an eye opener for me since I was not aware that such a loophole existed.

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These same banks need a hefty collateral while giving out a loan. They want to invest their money in all safe and assured places!! They want to imply all kind of charges on to the customers and make piles and piles of money. They are prompt for asking money, but are deaf and dumb while giving out a loan. One can deposit a big ass amount in the bank in a single go, but one cannot remove more than a certain amount from the bank in a single day unless an earlier application is given!! Every banker should be made to work in a coal mine and an iron foundry for couple of years before they are allowed positions in the banking system!:evil: