Sell the car and move on.

Keep the deposite for now, but be prepaired to refund at a later date if it turned out to be legit.

Good Luck

 

Sell it but wait to send back the deposit until you're sure the money is good.

 

Like someone else posted, this is the newest scam. It's along the lines of "I'll send you 10k for you 8k car as I have a 10k insurance check. You send me the car and 2k, and we'll call it even."

He sends you $1k for a deposit, then just waits. One of 2 things will eventually happen.

You'll sell you car to another person, and send the original guy $1k as a deposit refund. Then, a few weeks later, even though the check cleared LONG ago, after bouncing around a few banks it comes back that the check was no good. You're out the 1k.

OR, you'll wait for him, assuming he's going to buy the car. Same amount of time passes, the check comes up bad, and he's out nothing.



IF you're going to sell to someone else (I would) BE ABSOLUTELY CERTAIN the deposit funds were good.

Hell, it used to be, if you went back on the deal, you LOST your deposit. That was the very point of a deposit. If you walked away, it was to compensate the other party for the effort wasted.

 

If its been two weeks and they still haven't gotten back to you then I would sell the car to the next person and send back his deposit.

 

there should have been a time limit on the deposit hold. but of course who would have known right?

 

Wow, thanks for all your advice! The buyer finally returned an email. Its a long story but basically he isn't buying the car anymore,and based on what his friends and fanily have said his reason for not buying doesn't sound legitimate. I will be moving on to another buyer, and pending the time and price I am able to sell it for i may return the deposit,but i do feel like a deposit should be taken seriously.

** Thanks for the heads up about the scams, I don't think that is the case but if i do send back a deposit i will def. wait to make sure my money isn't being stolen**

Its good to have to backing of the S2000 community, no houstooks but owell!

Thanks again guys,

Casas

 

The thing with scams is they don't always seem like a scam until it's too late.

I'd still proceed with caution.

Good luck.

 

Since they backed out and it was a deposit that deposit is usually lost with it. Since it also sounds fishy, I'd keep that deposit for a long time (provided you are planning on returning it) just to be sure.

 

definately DO NOT return that deposit

he backed out, and a deposit is ALWAYS non refundable, unless you were stupid and didnt notify him of this

GL on sale