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WPN_16T
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Location:
Sydney
Registered:
March 2005

Re: Corolla SX Seca Turbo $6500**** PRICE DROP

Wed, 27 July 2005 12:44

thu187 wrote on Tue, 26 July 2005 23:42

carsanactra wrote on Tue, 26 July 2005 14:27

well now u keep his deposit correct? otherwise what the hell is the point of a deposit?

Aren't you meant to give the deposit back? The deposit is there so that if Mr A says 'I want to buy your car', he can prove he's serious by forking over a deposit. I mean why would you go through the trouble of getting cash into someone else's account if you're not interested in their car?
It's basically a way of showing genuine interest and asking the seller to sell it to you and not to anyone else.

My theory: The guy was probably genuinely interested but was also genuinely lazy. So he throws money at Omar for the deposit and tries to arrange finance but then he can't get a loan so he got fux0red.

No a deposit is to confirm you are buying the car. It is security for the seller that the car is sold. It is also for the buyer so he/she knows the car is there's while they arrange the payment. What really annoyed me is that I turned quite a few other people away who may have brought it and now I am stuck with 2 cars at home.

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