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You should go ahead with the sale. You can ask the buyer if he will let you out of the deal and even offer to pay him a good faith amount for the privilege, but in the end if he refuses and wants the car you need to keep your word and sell it to him. Otherwise you may end up in a lawsuit and besides you made a verbal contract and it is only right you keep your word. This is what I would do.

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Q: If you accepted a deposit to sell your car but then want to keep the car can you return the deposit or do you have to go ahead with the sale?
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