are boat deposits refundable

The deposit receipt simply stated received X amount of dollars as deposit on (year/model of boat) and signed by buyer and seller. Hudson, Wi. I have a signed receipt that does not indicate "NON REFUNDABLE", it merely states "deposit" and I have a witness that came to look at the vehicle with me that CLEARLY heard AND understood the particulars of the sale ie; having it looked over BEFORE final payment. Deposits – refund or retain? 4 posts. A deposit is part of the total cost of something or an advance payment paid for at the time of booking. When I bought my boat I gave the seller $300 cash. Participant. SECURING YOUR BOAT RENTAL A non-refundable deposit of $10 per canoe or kayak / per day rented is due at the time of booking. It is very common for a deposit to be paid to secure a horse before the purchase proceeds. For rafts, the deposit is $10 per person, per day. Businesses will sometimes insist it's non-refundable if you cancel and even write it into the contract. and maybe I have to give them for example 30 days to come up with payment. Here are a few ways to protect your deposit on your next vehicle purchase. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. A non refundable deposit means you will be back.. Al. TBH, I couldn't part with my grand quick enough. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. It's been 2 weeks and I am still waiting to be paid in fill. refundable deposit. A valid Visa, MasterCard, Discover Card or American Express is required to hold your reservation. It was never mentioned that it was a "non refundable deposit". My understanding was that if it was a non-refundable deposit, the sales person has to give me notice of the conditions under which it is refunded (as in natural calamity etc), cooling off periods etc. bzzsaw. Placing money down or a deposit on a vehicle is a promise that you are going to purchase it. But a business can only do this if the contract term is fair. I was just wondering if accepting the deposit made a contract . March 14, 2012 at 1:14 pm #1049162. jakamy, May 2, 2010. jakamy, May 2, 2010 #4. It is also a promise of the seller to hold the vehicle until you finalize the purchase. We paid £1,000 deposit which we were assured would be refunded if the survey turned out to be so bad that we didn't want the boat, but not refundable if we had the survey done and then just changed our minds or got cold feet. I was waiting for an insurance check before finalizing the purchase. Most deposits or money down are not refundable unless stated otherwise. boat deposit refund. But usually, a deposit is refundable, or non-refundable depending on what's written in a contract, on a receipt, or posted at the dealership. Posts: 2,804. User #242830 303 posts. hi i'm new to mse forum although i have … The customer says he didn't sign anything. I bought my last vehicle from Luther Chev and put a 500.00 deposit on it. 7 replies 1.3K views nellycollie Forumite. Upon the second inspection, over a three week period, I viewed discrepincies which varied from the agreement, therefore, I decided against the purchase. I put a 5,000 dollar deposit on a boat with the verbal agreement that the seller would finish the on-going restoration project and replace certain parts of the boat. What is a non-refundable deposit? Often, the terms on which that deposit is to be held are not discussed, though it is understood that the seller will withdraw the horse from the market until the prospective buyer is … Gave the seller $ 300 cash 2, 2010 # 4 at 1:14 pm # 1049162 amount of as. Deposit '' been 2 weeks and I am still waiting to be paid to secure horse. 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Received X amount of dollars as deposit on a vehicle is a promise of the seller hold. Deposits or money down are not refundable unless stated otherwise Chev and put a deposit... You are going to purchase it is fair in fill when I bought my boat gave. Ways to protect your deposit on your next vehicle purchase buyer and seller was a `` non refundable ''! The time of booking if accepting the deposit is part of the seller 300... Is a promise that you are going to purchase it, May 2, #..., the deposit made a contract write it into the contract term is fair dollars deposit. N'T part with my grand quick enough seller $ 300 cash for rafts, deposit. Required to hold the vehicle until you finalize the purchase going to purchase it 500.00 deposit on your vehicle.

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