What happens if the dealer paid me a deposit but backed out of the deal last minute? Is there any recourse for me as the seller?

Question

What happens if the dealer paid me a deposit but backed out of the deal last minute? Is there any recourse for me as the seller?

Kanthan

Admin

Sell Car • 07/11/2016 • 107 View

add a comment

1 Answer

Huimin · Accepted Answer · almost 3 years ago

0

Huimin

Admin

If a dealer backs out after giving a deposit, you may forfeit the deposit given. However, this is based on the sales agreement which includes such clauses.

0 Upvote • Downvote • Reply • almost 3 years ago

Ask Motorists

What happens if the dealer paid me a deposit but backed out of the deal last minute? Is there any recourse for me as the seller?

1 Answer

Smart. Secure. Simplifying Vehicle Ownership