Quoted from Mcphilld:Just some clarification, he came and looked at the machine twice before providing the deposit so it’s not an issue of condition not matching expectations. I did continually ask him if he was still interested in the machine after the initial month past and he ensured me that yes he still intended to buy it and even offered to start paying me weekly, which of course never happened. I’m not necessarily out anything directly, but I did purchase another machine with the knowledge that I had this one sold. Seems from a karma perspective I should return the deposit, but possibly not until after I resell the machine as some have mentioned.
Your buyer never had the money to buy your machine. He was trying to buy time to raise funds, and then when he realized it was never going to happen, he wanted the little bit of money he had, back.
If it were me, I would refund his deposit, only because I am positive he doesn’t have the money. Not that keeping his deposit is wrong (it isn’t), but teaching someone a financial lesson that doesn’t have any finances, probably isn’t going to happen.