- Moral dilemma – Deposits & second hand sales?
I’m not really sure where I stand on this, pretty annoyed to be honest.
I have a bike for sale (elsewhere) which I sold last week, or so I thought. It was a fair advert & an accurate description of the overall condition. Ultimately it was a used bike so had some scuffs & scrapes, but that’s all.
The price was fair, and I had someone interested who pushed me hard to place a deposit on the bike to take it off sale, to which I agreed. Now nearly a week later, he has decided the bike isn’t in good enough condition, and expects something ‘as new’. Thus he would like to back out of the sale.
Now he wants his deposit back. To which in my mind he isn’t due. I took the bike off sale, and the other people I had (3 very interested people) have rightly so, gone cold and moved on.
Am I being harsh not to refund? To my mind the whole point of a deposit is an intention to buy. Otherwise what’s the point. We’re not talking a huge amount of money here, £75 on a £2k sale.
Opinions?Posted 5 years agobutterbeanMember
The item was as described in my first post, with freshly serviced forks and shock (with receipts). What I would consider to be normal used condition. It’s not had a hard life at all, as I look after my bikes, but equally it’s not been ridden once a month along a canal towpath.
I don’t think i’m being unreasonable, otherwise what is the point of a deposit…Posted 5 years agojarvoMember
I suspect that he’s been looking at a few bikes, and put a deposit on yours in case the other one fell through. A safety net.
Realistically he put you at a disadvantage, so that he didn’t miss out on a deal.
Now, ideally you should have ensured that it was a “non refundable deposit”, and possibly issued a receipt to confirm that.
However out of bloody mindedness, I’d still hold firm. It’s not like you’re going to lose out on future sales with him! What’s the worst that could happen?Posted 5 years agostumpy01Member
I’d explain the situation to him; that you effectively ended the sale of the bike as a result of his interest & deposit. In doing this you have lost other potential buyers.
Seems like he wants to have his cake and eat it. What was the point of the deposit, if it was refundable should he change his mind.
Depending on his attitude I’d tell him that he could have it back once/if the bike sells for the price he was going to pay before he pulled out of the deal, or if he wasn’t being very reasonable just tell him to get bent.Posted 5 years ago
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