Leaving Deposit, Contract/document

[Ezy03]

hi guys i thought id put this in the NSW section as its happening in NSW... im looking to put down a deposit for a car tomorrow, iv never left a deposit before on a car i usually buy the car on the day after inspection, but this time i dont have time to gather up the money in time so im going to leave a deposit say $200-250.

Is there any document i can print out saying i paid a deposit and that i will pay for the car by said date and that the seller is required to sell it to me upon taking the deposit?

I dont want to just leave the money with just verbal agreement that they will sell the car to me, iv heard about a few people doing this and then the seller backs out or something.

Edited February 4, 2013 by Ezy03

[luke gtr]

I'd get a hand written recipt, with both license details, and final parent arrangements.

if they do sell it, afaik, all they have to do is give you your deposit back.

[GTR-N1]

Sure you can leave a deposit on a car and make it a contractual agreement that he sells it to you and only you.

Usually the seller makes up a bill of sale, but if you don't want to rely on him to handwrite it, you can make up a template on "Word" with gaps to be filled in + make a copy for yourself too.

The template would state things like...

* total price

* deposit paid

* balance to pay

* no encumbrance (which you should check out anyway)

* date of contract

* date by which it'll be paid

* space for seller's signature

* space for seller's full name (check against his ID and registration papers)

* space for seller's driver's licence number

* space for your signature

* registration number of the car

* VIN# of the car (checked from both the car and registration papers)

You will check that the car is unencumbered via government depts before handing over the balance.

When you pick up the car and pay the balance, you can use that receipt of yours for him to state, "Paid In Full"

[Got a Pulsar]

Write up a receipt or get them to, and both parties sign it.

[xntrq]

Sure you can leave a deposit on a car and make it a contractual agreement that he sells it to you and only you.

Usually the seller makes up a bill of sale, but if you don't want to rely on him to handwrite it, you can make up a template on "Word" with gaps to be filled in + make a copy for yourself too.

The template would state things like...

* total price

* deposit paid

* balance to pay

* no encumbrance (which you should check out anyway)

* date of contract

* date by which it'll be paid

* space for seller's signature

* space for seller's full name (check against his ID and registration papers)

* space for seller's driver's licence number

* space for your signature

* registration number of the car

* VIN# of the car (checked from both the car and registration papers)

You will check that the car is unencumbered via government depts before handing over the balance.

When you pick up the car and pay the balance, you can use that receipt of yours for him to state, "Paid In Full"

In addition, payment method, cash or DD/EFT.

[ianjb]

Technically, if you put down less that 10% of the purchase price the seller is not legally obliged to sell it to you & either party can still pull out of the deal at any time.

99% of the time people who take a deposit will sell it to you anyway.

Do what terry said and you will be fine 999 times out of 1000

[Liz]

I recently purchased a car, subject to finance through a new car dealer... we couldn't agree on finance terms and now they are trying to hold my $3000 deposit

going all dept of fair trading on their asses

[GTR-N1]

Were you misled as to the Terms and Conditions of Finance Liz?

Were you told untruths?

You're a smart lady. I presume you've commenced a journal containing all dialogue and anomalies.

'Rattle the sabre' enough and maybe they'll stick back down huh?

All the best!