Re: Full of Envy
 

Sounds like I need to park my car at a used car lot. :D

Re: Full of Envy
 

I always do that if I find a car I like. On something as cheap as 5-6K they'll usually take $200-$300. More like a refundable deposit than ernest money though.

Re: Full of Envy
 

Exactly! Once I just put $100 down on a car and they saved it for me. Just telling them you're going to the bank to get a loan isn't good enough. They hear that story 50x a day. How are they to know who is serious and actually coming back.

Re: Full of Envy
 

The hell they are. I only refund deposits if something goes wrong on my end. I always end up losing money if the first buyer doesn't come through.

Steve

Re: Full of Envy
 

I'm in the banking business. Ernest money is usually only refunded if loan funding falls through or certain contingencies aren't meant.

Yes, usually ernest money is non-refundable otherwise. It's then considered a fee for the brokers/loan persons time and possible loss of a sale. For example, you put money down on something, somebody came by the next day was going to buy it but the dealer said he can't sell it because there is money down. Then you back out or can't get financing. He loses a possible sale because that 2nd person that was gonna buy it never comes back. Typically it's around $500. Some places might accept less.

Re: Full of Envy
 

No, only if they drive riced out hondas. The DSM asians are by themselves more of freelance with a high power rifle.

Re: Full of Envy
 

Basically I took me putting a deposit down as non refundable. That way if I don't go through, the seller at least gets my deposit for turning away potential buyers. I didnt know if the loan was gonna go through, so I didn want to end up losing what little money I had.

Re: Full of Envy
 

Hmm looks like RK just acquired a 94 Talon Tsi AWD..... big effing middle finger to you if thats the one I nutted over.