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06-07-2007, 10:19

On 6/7/07, truitt44@... wrote:
>
> What happened to Tom is a good reason to require a non refundable, minumun
$1000.00
> dollar or 5% of the cost of the coach deposit, within 24 hrs. of close of
auction and
> balance and pickup due within 7 days. They would think long and hard before
walking
> away if they have something to loose. Just sounds like he got cold feet.
> Howard Truitt
> Camilla, Ga.
> 86 PT40

Agreed, Howard.

That said: If I were selling a coach or car on eBay, I'd add that the
"non-refundable" deposit would be refunded if the buyer finds the
vehicle significantly misrepresented. That gives buyers warm, fuzzy
feelings and is how I sold a custom sports car on the Internet a few
years ago. The biggest worry with a long distance transaction like
this is flying in on a one way ticket to pick it up and, oh, sorry,
forget to mention the significant frame rust, the brakes that don't
work and the paint that's falling off in the areas the seller
strategically avoided photographing.

So, a non-refundable deposit unless buyer finds significant
misrepresentation. Protects the seller from idiot buyers while not
limiting the market. Blanket non-refundable deposits will limit your
market; I'm an honest buyer with money to spend and I don't send such
deposits. I want assurances that when I uncover all of the problems
the seller "forgot" to mention in his ad, I can walk away with only my
transportation out of pocket. Of course if a seller is up front and
honest about everything, then I'll be driving it home and he has
nothing to worry about.

-Ryan
'86 PT-40 8V92, didn't send a deposit, our verbal agreement was as
good as a hand shake was as binding as a legal contract as far as this
man is concerned. Let your word be your word and your reputation will
speak for itself.
Tri-Cities, WA