(Topic ID: 236431)

Refund deposit or not?


By Jaymach1

11 months ago



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  • 122 posts
  • 78 Pinsiders participating
  • Latest reply 11 months ago by Zavadoza
  • Topic is favorited by 2 Pinsiders

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    19
    #6 11 months ago

    He changed his mind. Deposit is yours now. He backed out of the deal.

    #95 11 months ago

    I had a similar experience a few years ago when I was going to buy someone’s used Honda Pilot. I showed up, drove the vehicle, signed an agreement to buy and left a $100 deposit to come pick up at a later date. Later that night, I felt uneasy about the decision and changed my mind. I called him back, told him I would not be buying and sorry to waste his time. I insisted he keep the deposit, since I did change my mind. I have always assumed a deposit to be non refundable. He changed his mind, he’s not entitled to a refund of his deposit.

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