Hey just want to see peoples opinions on this issue as ive never been in this situation before. We were discussing this at work just before and had mixed opinons.

if someone leaves you a deposit on car you are selling, while they get their finance/cheque sorted etc, during this time you get calls for the car but tell people its had a deposit received and being sold, an issue comes up with the car that makes the buyer want to walk away, not an issue with the car itself but like a third party issue. The third party issue would be resolved within the next day or so but buyer wont wait, Buyer wants deposit back, do you think its fair to refund it?? or should the seller keep it?

from what ive heard from people and people ive spoke to is that deposits are not usually refunded? unless subjected to an agreement when its handed over, i guess maybe it depends on the situation.