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Author Topic: Standard practise for deposit?  (Read 1680 times)

Offline maxp

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Standard practise for deposit?
« on: 20 June 2011, 20:32 »
Hi all!

Have just bought a mk5 gti, that hasnt got an MOT and has been sat in the garage for 3 years.

It was agreed that I would pay the deposit (£300), he would then get it mot'd out of his own pocket, and when that was complete I would pay him the rest.

A paper contract can be drawn up to say the above at least, but should I 'hold' anything else for my £300?
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Offline Ant1981

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Re: Standard practise for deposit?
« Reply #1 on: 20 June 2011, 20:36 »
How do you mean by holding?
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Quote from: Lewy on 14 September 2011, 23:39
80% of your posts are total tripe, as they are mostly replies to sh1te posts created by the morons that, unfortunately this forum attracts.

'02 VW Golf 1.8 GTi Turbo - 186,000 miles
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1990 VW Golf GTi 16V - Gone but not forgotten
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Offline Phil1980

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Re: Standard practise for deposit?
« Reply #2 on: 20 June 2011, 20:37 »
Sounds fair enough to me, he has more to lose than you if he doesn't come through with the goods.
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MK5 2005 GTI, BLACK, 3 DR, 18" MONZA II, XENONS

Offline maxp

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Re: Standard practise for deposit?
« Reply #3 on: 20 June 2011, 20:43 »
Quote from: Ant1981 on 20 June 2011, 20:36
How do you mean by holding?

Like a V5 or a spare set of keys or something?
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Offline Phil1980

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Re: Standard practise for deposit?
« Reply #4 on: 20 June 2011, 20:46 »
No way would i give any more security to someone who had paid a deposit, he obviously wants to make sure he is not selling to a timewaster, I would only become concerned if he starts to drag his feet about getting an MOT sorted.
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MK5 2005 GTI, BLACK, 3 DR, 18" MONZA II, XENONS

Offline Ant1981

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Re: Standard practise for deposit?
« Reply #5 on: 20 June 2011, 21:05 »
Quote from: maxp on 20 June 2011, 20:43
Quote from: Ant1981 on 20 June 2011, 20:36
How do you mean by holding?

Like a V5 or a spare set of keys or something?

No, it's usual practise to just leave a deposit, you'll hold a reciept but that's about it.
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Quote from: Lewy on 14 September 2011, 23:39
80% of your posts are total tripe, as they are mostly replies to sh1te posts created by the morons that, unfortunately this forum attracts.

'02 VW Golf 1.8 GTi Turbo - 186,000 miles
'09 Kawasaki Ninja ZX-6R
1990 VW Golf GTi 16V - Gone but not forgotten
Currently considering next car

Offline Thom89

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Re: Standard practise for deposit?
« Reply #6 on: 20 June 2011, 22:50 »
Just a handshake...

Thom
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Offline Guy

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Re: Standard practise for deposit?
« Reply #7 on: 21 June 2011, 01:00 »
Quote from: thom89 on 20 June 2011, 22:50
Just a handshake...

Thom


and a bit of common sense.. you obviously went to the sellers house etc and asked to use the loo if you were just talking about the car outside...
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Offline mcgee9t2

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Re: Standard practise for deposit?
« Reply #8 on: 21 June 2011, 08:42 »
If your that concerned why not just ask if he will knok the price of the mot off and you drive it away and get it mot'd yourself.

Personally I wouldn't be botherd though, you know were he lives/were the garage is.
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Offline Mr_F

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Re: Standard practise for deposit?
« Reply #9 on: 21 June 2011, 09:51 »
Probably not the cost of the MOT it's the cost of fixing anything that needs to get it through.

Sounds fair, I like the point about dragging, so maybe put a clause that if you haven't got it in two weeks, you get your deposit back.

Quote from: mcgee9t2 on 21 June 2011, 08:42
If your that concerned why not just ask if he will knok the price of the mot off and you drive it away and get it mot'd yourself.

Personally I wouldn't be botherd though, you know were he lives/were the garage is.
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61 Plate GTD 5dr, Shadow Blue, 18" Charleston's, Flat Tyre Indicator, Cruise Control, Bi-xenon (With Dynamic Curve), Storage Pack, Winter Pack and RCD 510.
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