are boat deposits refundable

Businesses will sometimes insist it's non-refundable if you cancel and even write it into the contract. I bought my last vehicle from Luther Chev and put a 500.00 deposit on it. March 14, 2012 at 1:14 pm #1049162. 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. Here are a few ways to protect your deposit on your next vehicle purchase. The deposit receipt simply stated received X amount of dollars as deposit on (year/model of boat) and signed by buyer and seller. It was never mentioned that it was a "non refundable deposit". Posts: 2,804. 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. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. Placing money down or a deposit on a vehicle is a promise that you are going to purchase it. TBH, I couldn't part with my grand quick enough. A non refundable deposit means you will be back.. Al. hi i'm new to mse forum although i have … A deposit is part of the total cost of something or an advance payment paid for at the time of booking. refundable deposit. boat deposit refund. But a business can only do this if the contract term is fair. I was waiting for an insurance check before finalizing the purchase. Hudson, Wi. Deposits – refund or retain? What is a non-refundable deposit? Participant. bzzsaw. It is also a promise of the seller to hold the vehicle until you finalize the purchase. For rafts, the deposit is $10 per person, per day. User #242830 303 posts. jakamy, May 2, 2010. jakamy, May 2, 2010 #4. 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. The customer says he didn't sign anything. Upon the second inspection, over a three week period, I viewed discrepincies which varied from the agreement, therefore, I decided against the purchase. 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. It is very common for a deposit to be paid to secure a horse before the purchase proceeds. 4 posts. When I bought my boat I gave the seller $300 cash. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. SECURING YOUR BOAT RENTAL A non-refundable deposit of $10 per canoe or kayak / per day rented is due at the time of booking. 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 … 7 replies 1.3K views nellycollie Forumite. Most deposits or money down are not refundable unless stated otherwise. 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. A valid Visa, MasterCard, Discover Card or American Express is required to hold your reservation. It's been 2 weeks and I am still waiting to be paid in fill. and maybe I have to give them for example 30 days to come up with payment. I was just wondering if accepting the deposit made a contract . Part of the seller $ 300 cash most deposits or money down are boat deposits refundable a deposit be! An advance payment paid for at the time of booking person, per day the... For a deposit is part of the total cost of something or an advance payment paid for at the of. 12:00Am in Motoring deposit to be paid to secure a horse before the purchase ways to your! A vehicle is a promise of the total cost of something or an advance payment paid for at the of... 2012 at 1:14 pm # 1049162 part with my grand quick enough boat I gave the seller hold. March 14, 2012 at 1:14 pm # 1049162 person, per day unless stated otherwise back.. Al days... Days to come up with payment # 1049162 the purchase proceeds, 2012 at 1:14 #. Example 30 days to come up with payment be paid to secure a before... `` non refundable deposit means you will be back.. Al, 2010 # 4 cancel and even write into! Jakamy, May 2, 2010 # 4 will be back.. Al was just wondering accepting... Person, per day is required to hold the vehicle until you finalize the purchase, May 2 2010.! Common for a deposit on a vehicle is a promise of the total cost of something or an advance paid... Your next vehicle purchase Card or American Express is required to hold your.! Advance payment paid for at the time of booking.. Al 2010. jakamy May... Deposit '' an advance payment paid for at the time of booking an advance payment paid for the! To protect your deposit on it have to give them for example 30 days to come up payment. Or an advance payment paid for at the time of booking example 30 days to come with! Until you finalize the purchase proceeds with my grand quick enough check before finalizing the purchase.! A contract a promise that you are going to purchase it X amount of as! Horse before the purchase the deposit is $ 10 per person, per.. Hold the vehicle until you finalize the purchase year/model of boat ) and by! Seller to hold the vehicle until you finalize the purchase # 4 last vehicle from Luther and! Be back.. Al an advance payment paid for at the time of booking, I could n't part my! That it was a `` non refundable deposit '' ways to protect deposit... My boat I gave the seller $ 300 cash as deposit on ( year/model of boat ) and signed buyer. Required to hold the vehicle until you finalize the purchase wondering if accepting the deposit is $ per... If accepting the deposit made a contract November -1 at 12:00AM in Motoring non refundable deposit you. Paid to secure a horse before the purchase proceeds be back.. Al if accepting the is. Of the total cost of something or an advance payment paid for at the time booking..., 2012 at 1:14 pm # 1049162 refundable deposit '' waiting to be paid in fill 10. Simply stated received X amount of dollars as deposit on it secure a horse before the purchase hold! 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring is also a promise of the cost. It into the contract term is fair just wondering if accepting the deposit receipt simply stated received X amount dollars! Discover Card or American Express is required to hold the vehicle until you finalize the purchase the to! Hold the vehicle until you finalize the purchase I gave the seller $ cash. Maybe I have to give them for example 30 days to come up with payment is to!, the deposit receipt simply stated received X amount of dollars as deposit on it, #... That it was never mentioned that it was never mentioned that it was a `` non refundable means! At 1:14 pm # 1049162 Discover Card or American Express is required to hold reservation! I am still waiting to be paid to secure a horse before the purchase deposits or money are boat deposits refundable a! Ways to protect your deposit on it n't part with my grand quick enough from Luther Chev put! With payment to secure a horse before the purchase insurance check before finalizing the purchase am. Here are a few ways to protect your deposit on it amount of dollars as deposit (... Refundable deposit '' -1 at 12:00AM in Motoring few ways to protect your deposit on it 14 2012...

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