Putting a deposit on a car

Ghisallo

RMS Regular
Messages
5,591
Location
Castle Anthrax
I've a question / scenario for you lovely folk in the motor trade.

Before I begin, I must say that you must have to deal with some messers in your businesses and for that you have my sympathy.

Anyway, I found this car that I am interested in 1990 ABSOLUTELY SUPERB RENAULT GTA For Sale | Car And Classic.
I've loved them since I first saw one in Majorette toy form when I was a kid
alpsnip.JPG
.

Up until now any ones I've seen for sale were lower end / project cars but I want one that's sorted and reliable, that I won't have to do any major engine, body, interior or structural work on beyond normal routine maintenance of a dodgy 1990s French car.

I've had a couple of 30 min telephone calls with the dealer, the car is a consignment sale and is located with the dealer. I told him I'd travel down to see the car next week, or as soon as possible thereafter should there be any changes in local COVID teiring.

To avoid missing out, he discussed putting a deposit down. My only experience with deposits up to now are with Arnold Clark where deposits are about £100 odd and fully refundable if you decide not to buy. However in this case he said a deposit would have to be £2000 paid directly to the owner by bank transfer, and would only be refunded if the car was "not as described" , and would not be refunded if I "just changed my mind". I have this confirmed in an email.

Now the ad linked above isn't particularly detailed, especially for a type of car that is renown as a potential Pandora's box ticking time bomb. But he assures me it's great (had £15k spent on it) and he thinks its the car that meets my requirements. So at that stage in the proceedings, the only description I have is a short written summary of the car's history, the advertisement and its photos. Realistically I will only know if want this particular car when I fully inspect every nook and cranny of it. So I've told him I won't be making any financial commitment until I inspect the car in person.

My question is are his deposit conditions usual in these circumstances??



(In the meantime I have found a thread on the owner's forum covering a lot of the car's history. It's super informative but an eye opener on the grief of restoring these things to road-worthiness. All the more reason for me to see it before paying anything)
 

Nazor

RMS Regular
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13,037
Location
Henderson, NV
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306 Dimma
The guy is having a laugh - im not in the trade and honestly haven't bought a car in years if im honest but a non-refundable 2000 quid deposit just to go look at it potentially?? hilarious

Surely a deposit is taken when you have decided your buying the car.
 

Dave..

RMS Regular
Messages
10,037
Another question is could you afford to loose the deposit if it all doesn’t turn out the way you hope? I wouldn’t do it.
 

FM155

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8,712
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Alfa 155
Looking on google maps, the premises that they are based in have had 3 different garages / bodyshops / Stag Specialists in the last few years.
South Yorkshire, proceed with caution. Car may well be dead on but I'd be wanting to see it on a lift before handing over any money at all.
 

Eamo_vxr

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3,977
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Wherever I lay my hat...
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Slow and low!
I’d hold fire and see the car in person, if it sells in the mean time, it wasn’t for you.

Failing that, I’d want a comprehensive written detailed description and walk around video then contemplate paying the deposit if your 110% happy.

I was let down before and I’d never buy a car unseen again, EVER. Your standards could be completely different to someone else’s. Unfortunately a lot of people will lie through their teeth for a sale.
 

Coog

Admin
Messages
47,593
Drives
GTI
He's asking you to put a lot of trust in him.

The only way I would agree to that sort of deposit on those terms is if he was willing to have the car inspected by an independent party of your choosing, which would paid by you along with the deposit if/when the report matches his description (it prob won't).

Otherwise try to get down there quicker if you can.

How long has it been for sale?
 

cormac81

RMS Regular
Messages
7,944
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Lurgan/ish
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GTI, VRS, Superb
No way I would be putting 2k down on anything I haven't seen before. Any seller I dealt with were more than satisfied that I was messing them around when flight and boat details were discussed.
 

111gsi

RMS Regular
Messages
253
No way I would be putting 2k down on anything I haven't seen before. Any seller I dealt with were more than satisfied that I was messing them around when flight and boat details were discussed.
Same here, I'd be iffy enough paying a big deposit to a business, but if it's to a private seller, you've very little chance of getting it back if it goes wrong.

The only deposit I've used in these circumstances is a PDF of an EasyJet boarding pass and a ferry ticket home. It's easier to get a "gut feeling" if talking to the car vendor directly, builds up trust both ways.

If buying locally I normally give a £200 deposit after having viewed and driven the car, so the seller knows I'm going to come back the next day with insurance organised and pay the rest.
 

scub

Banned
Messages
21,816
Location
up north
I've a question / scenario for you lovely folk in the motor trade.

Before I begin, I must say that you must have to deal with some messers in your businesses and for that you have my sympathy.

Anyway, I found this car that I am interested in 1990 ABSOLUTELY SUPERB RENAULT GTA For Sale | Car And Classic.
I've loved them since I first saw one in Majorette toy form when I was a kid View attachment 305626.

Up until now any ones I've seen for sale were lower end / project cars but I want one that's sorted and reliable, that I won't have to do any major engine, body, interior or structural work on beyond normal routine maintenance of a dodgy 1990s French car.

I've had a couple of 30 min telephone calls with the dealer, the car is a consignment sale and is located with the dealer. I told him I'd travel down to see the car next week, or as soon as possible thereafter should there be any changes in local COVID teiring.

To avoid missing out, he discussed putting a deposit down. My only experience with deposits up to now are with Arnold Clark where deposits are about £100 odd and fully refundable if you decide not to buy. However in this case he said a deposit would have to be £2000 paid directly to the owner by bank transfer, and would only be refunded if the car was "not as described" , and would not be refunded if I "just changed my mind". I have this confirmed in an email.

Now the ad linked above isn't particularly detailed, especially for a type of car that is renown as a potential Pandora's box ticking time bomb. But he assures me it's great (had £15k spent on it) and he thinks its the car that meets my requirements. So at that stage in the proceedings, the only description I have is a short written summary of the car's history, the advertisement and its photos. Realistically I will only know if want this particular car when I fully inspect every nook and cranny of it. So I've told him I won't be making any financial commitment until I inspect the car in person.

My question is are his deposit conditions usual in these circumstances??



(In the meantime I have found a thread on the owner's forum covering a lot of the car's history. It's super informative but an eye opener on the grief of restoring these things to road-worthiness. All the more reason for me to see it before paying anything)
walk away. in fact. stick your Nikes on & do a Usain Bolt.
but you already know this don't you lad??
 

Nazor

RMS Regular
Messages
13,037
Location
Henderson, NV
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306 Dimma
Misdescribed - I mean its a bit too subjective. What you think is one way he can subjectively argue that you are wrong - simply a matter of opinion.

Im glad youre going to give it a miss - the terms of the deposit are OTT in my opinion. A deposit of almost 20% of the value of the car that may or may not be refundable. Joke.
 
Last edited:

FM155

RMS Regular
Messages
8,712
Drives
Alfa 155
Yeah, sounds like hes giving himself too many opportunities to keep it. I was trying to look up some history of them as a dealership but there is none because they have just been created.
It could well be legit but theres too much that's screaming noooooooooo. Worth a no deposit viewing after lockdown. A cool off period might help his attitude a bit and maybe the car is a peach.
This is my positive post for today.
Enjoy.
 

KevM

RMS Regular
Messages
7,276
Location
Banbridge
Where on one hand, I wouldn't get too spooked at what he's suggesting, I wouldn't be paying a deposit of that amount unseen. Especially to a third party. Go, have a look at both cars, take your time, make a decision and if you are happy, pay your money.
 

RevT

RMS Regular
Messages
5,894
I wouldn’t take that thing if he offered be 2K plus the car for free. 🤣

Nah, in all seriousness, you’d be crazy to pay that sort of deposit. I wouldn’t be handing anything over before you’ve seen it.
 

scub

Banned
Messages
21,816
Location
up north
it's like buying a bride.
she looks good on paper but you just know it won't be sale or return & she's gonna cost more than expected & the upkeep & maintainance will be mad.
so I've heard 😆
 

Father Stack

RMS Regular
Messages
12,044
Location
Lurgan
Drives
VRS
Not a hope would I be paying £2k deposit for a car, especially before viewing it. The guy is mental. I reckon he's had (or thinks he'll have) a hard time shifting it, and if someone has put down a £2k deposit they'll be more likely to take it once viewing it as there's a good whack already paid.
 

FM155

RMS Regular
Messages
8,712
Drives
Alfa 155
It seems to be policy in a lot of the big car supermarkets in England. Motorpoint in Derby wanted a non refundable deposit before you could have a test drive... 🤦‍♂️
 

gary1365

RMS Regular
Messages
10,233
Location
limavady
Drives
Great news
It seems to be policy in a lot of the big car supermarkets in England. Motorpoint in Derby wanted a non refundable deposit before you could have a test drive... 🤦‍♂️
That sounds more like a test drive fee.
 
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