buyer wants to back out of a car deal AFTER giving me the cash. #whatwouldbeyondo

[Buster]

So I sold my car, agreed price, the money was wired to my account in full. I was preparing the transport and sorting out the bill of sale, etc, and the guy emailed me asking to cancel the deal.

What would you do?

a) Tell him to stuff it - a deal is a deal

b) give him the money back

c) keep a portion as a deposit (if so how much?)

[yipb]

If you can easily sell the car then c. If not then a or c

[killramos]

Lie and tell him you already committed to transport and are on the hook for it so the car is coming his way. He is free to relist it.

What kind of bozo sends the full amount then renegs. Poor bastard must be in a Crunch.

[revelations]

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So I sold my car, agreed price, the money was wired to my account in full. I was preparing the transport and sorting out the bill of sale, etc, and the guy emailed me asking to cancel the deal.

What would you do?

a) Tell him to stuff it - a deal is a deal

b) give him the money back

c) keep a portion as a deposit (if so how much?)

That's a tough one - but if you decide to keep it, bill for your time etc.

I had something similar happen and the buyer ended up paying about 300$ (left a deposit) from a $15,000 sale.

[Buster]

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That's a tough one - but if you decide to keep it, bill for your time etc.

I had something similar happen and the buyer ended up paying about 300$ (left a deposit) from a $15,000 sale.

This is a $100k deal. It's going to be expensive for him.

[ThePenIsMightier]

Offer c) and I think minimum 5%. He's got to feel a sting and you've got to be confident you can sell it again without taking a loss compared to the as-sold price. You may still only get 95% from your next buyer.

Is there any tiny chance this is a scam? If you refund the full money, could he possibly make a claim that the car was sold to him and get a claim on the title?
I don't think so... But this behaviour is very odd.

[Clever]

Did he give you a reason for backing out? At the very least option C, I would be more pissed about wasting my time more than anything.

[adam c]

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This is a $100k deal. It's going to be expensive for him.

Keeping 2-5% on 100k deal seems reasonable

[03ozwhip]

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Did he give you a reason for backing out? At the very least option C, I would be more pissed about wasting my time more than anything.

And potential buyers in the meantime. Fucking hell I hate people.

[ExtraSlow]

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Is there any tiny chance this is a scam? If you refund the full money, could he possibly make a claim that the car was sold to him and get a claim on the title?
I don't think so... But this behaviour is very odd.

Yeah, don't send him money for like 10 business days minimum, there's probably nothing afoot, but there are ways to perpetuate fraud in this manner.

[D'z Nutz]

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If you can easily sell the car then c. If not then a or c

Yeah, this is what I'd do.

If it's hard to sell, tell him tough luck. If it's easy to sell and you're anxious to get rid of it, take a cut and deduct that from the sale price to make it more enticing for the next guy.

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renegs

heh heh heh

[ThePenIsMightier]

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Yeah, this is what I'd do.

If it's hard to sell, tell him tough luck. If it's easy to sell and you're anxious to get rid of it, take a cut and deduct that from the sale price to make it more enticing for the next guy....]

$100k private sales aren't easy to come by. Places like Weissach likely take at least 10% and Ferrari would take 20% if you consign there.

This sucks!

[ExtraSlow]

You have a signed bill of sale? That's a contract.

[killramos]

This is for the AMG GT?

I say keep 5-10k and drive it for another year for free.

[ThePenIsMightier]

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You have a signed bill of sale? That's a contract.

I think I'm smelling what you're stepping in.
Aaawwww FORWARD LOOKING COMPENSATORY MECHANISM, BITCHES!!!!!
LoL!

[rage2]

A. Ship the car. Tell him it’s a YP not a MP.

[Buster]

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Offer c) and I think minimum 5%. He's got to feel a sting and you've got to be confident you can sell it again without taking a loss compared to the as-sold price. You may still only get 95% from your next buyer.

Is there any tiny chance this is a scam? If you refund the full money, could he possibly make a claim that the car was sold to him and get a claim on the title?
I don't think so... But this behaviour is very odd.

I'm viewing it as a "time+damages" situation. I am going to confirm with the bank that the wire was non-reversible. It definitely came into my account labelled as a "wire" which are generally considered difficult or impossible to reverse.

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And potential buyers in the meantime. Fucking hell I hate people.

Yes, potential buyers. Some of the shit I've seen in my work life would make your eyes water.

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Yeah, don't send him money for like 10 business days minimum, there's probably nothing afoot, but there are ways to perpetuate fraud in this manner.

That's a good plan, and I want to ensure the bank is onboard with the funds being totally cleaer.

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You have a signed bill of sale? That's a contract.

No bill of sale, but enough communication to ensure that the deal is done. Possession is 9/10s of the law, and I have a car and a lot of cash, so I don't think he can ask for the money back on a verbal agreement.
Bill of sale is signed on my end, but I haven't sent it to him

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This is for the AMG GT?

I say keep 5-10k and drive it for another year for free.

Maybe. I think his damage will end up being in the $5k range.

I told him that I would "help if I could" and would see if some of the other buyers were still interested.

[ExtraSlow]

Either way, don't send him the money until you sell the car. Fuck him, maybe in three or four weeks he'll decide he wants the car.

[dirtsniffer]

I'd be hesitant in trying to assign damages if you haven't incurred them. Send him the bill of sale or cancel the deal. You could offer to buy it back from him for $95k if you so choose.

If he refuses to take delivery I would consult a lawyer. You could set up a deal where the money is put in trust and you work to sell the vehicle for a fair price in a reasonable time. You get the new offer and a top up to $100k, he gets returned the remainder

[revelations]

It sounds like if you threaten to shave enough off the top - 10-15% for eg - buyer might reconsider backing out.

I cant believe someone would just wire you 100k though - without any guarantees of possession - that amount takes weeks to clear usually.

I would have worked with some kind of escrow setup at that price range.