I live in NY and sold a car. Having problems with buyer decided not to sell it to him and refund money. Now he's threatening to sue.
Yes, the dealership sold the car after receiving a deposit.
Yes, you can. You violated the contract that was established by taking the deposit. Unless there was some restrictions on the deposit such as You have to confirm that you want to purchase within 5 days, or you have 10 days to present the rest of the money, otherwise I can sell to someone else.
Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.
a conditional offer
In most cases, a dealer can legally sell a car that you left a deposit on if you haven't signed a contract or completed the purchase agreement. It's important to clarify the terms of the deposit and any agreements with the dealer to understand your rights in this situation.
Yes, a car dealership can sell a vehicle even if you have placed a deposit on it, unless there is a specific agreement or contract stating otherwise. Placing a deposit does not always guarantee that the vehicle will be held exclusively for you. It is important to clarify the terms of the deposit with the dealership before making any payments.
You need to decide what features to put on the car. Then determine the prices and who you will sell it to.
Not legally unless the buyer agrees to it.
no i dont beleave so.
trading in the car is probably your best option or you can sell it :)
A deposit on a used car may or may not be refundable, depending on the terms agreed upon with the seller. Typically, if the deposit is non-refundable, it means the buyer forfeits it if they decide not to proceed with the purchase. However, if the seller agrees to a refundable deposit, the buyer can get their money back if they do not complete the transaction. Always clarify the terms before making a deposit to avoid misunderstandings.
That's a decision you need to think about and decide for yourself.