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Selling car myself, should I ask for deposit before test drive
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<blockquote data-quote="ICEMAN 68" data-source="post: 711227" data-attributes="member: 17"><p>ive done a few transactions before and usually it's very very hard when comes to a first timer wanting to buy a BMW. They seems to have read a lot and at times the questions thrown are out of the topic.. So at the first impression shows the creadibility of the buyer himself and you'll be able to justify your viewing.</p><p></p><p>As for deposit, you may take some proportion but always have a little note signed by both parties and the terms of the deposit stated clearly...for instance if loan not being approved 100% deposit is being returned back with providing proper sighting from the bank etc etc....deposit hold time , deposit for which car / colour / plate number etc etc ...deposit amount should be in a gesture of goodwill and usually serious buyers will come up with at least 3 percent up front.</p><p></p><p>there are also some bad sheeps that upon collecting deposit, don't honour their sale : reason is due to able to sell at a higher price etc etc ...so the fine line written on the little note should be clear between both parties.</p><p></p><p>deposit is taken upon test drive , QA , negotaition .... the final stage.</p></blockquote><p></p>
[QUOTE="ICEMAN 68, post: 711227, member: 17"] ive done a few transactions before and usually it's very very hard when comes to a first timer wanting to buy a BMW. They seems to have read a lot and at times the questions thrown are out of the topic.. So at the first impression shows the creadibility of the buyer himself and you'll be able to justify your viewing. As for deposit, you may take some proportion but always have a little note signed by both parties and the terms of the deposit stated clearly...for instance if loan not being approved 100% deposit is being returned back with providing proper sighting from the bank etc etc....deposit hold time , deposit for which car / colour / plate number etc etc ...deposit amount should be in a gesture of goodwill and usually serious buyers will come up with at least 3 percent up front. there are also some bad sheeps that upon collecting deposit, don't honour their sale : reason is due to able to sell at a higher price etc etc ...so the fine line written on the little note should be clear between both parties. deposit is taken upon test drive , QA , negotaition .... the final stage. [/QUOTE]
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