Dealer Question
Stellar HDF Member
Joined: Nov 2018
Posts: 2,611
Likes: 1,021
From: Michigan
Not to mention the bad publicity that would accompany such a move.
Last edited by highwayman50; Dec 6, 2019 at 12:53 PM.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
Road Captain
Joined: Aug 2018
Posts: 587
Likes: 312
From: here n there
It's the reputation really that's the only thing on the line if they made a play like this.
Stellar HDF Member
Joined: Jul 2018
Posts: 3,338
Likes: 1,823
From: VA
Yes, I read it.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
Last edited by Oakers3; Dec 6, 2019 at 03:03 PM.
Stellar HDF Member
Joined: Nov 2018
Posts: 2,611
Likes: 1,021
From: Michigan
Yes, I read it.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
Stellar HDF Member
Joined: Nov 2018
Posts: 2,611
Likes: 1,021
From: Michigan
Seasoned HDF Member
Joined: May 2019
Posts: 5,894
Likes: 11,322
From: NE Ohio
Rubber City?
if so, I'll be in that neighborhood today.
they only have a few pre-owned Heritages listed at their location .
Which one you looking at?
I could stop in and see if it's on the floor or not ...and see if they put new rubber on it
Don't know why any dealer at this time of year would be hesitant to move any unit riki-tic
and over a test ride out of the parking lot?? ...over a tire that costs them $100-$150(?) in total w/labor and tire??
..L.T.A.
if so, I'll be in that neighborhood today.
they only have a few pre-owned Heritages listed at their location .
Which one you looking at?
I could stop in and see if it's on the floor or not ...and see if they put new rubber on it
Don't know why any dealer at this time of year would be hesitant to move any unit riki-tic
and over a test ride out of the parking lot?? ...over a tire that costs them $100-$150(?) in total w/labor and tire??
..L.T.A.
Last edited by Cap77; Dec 7, 2019 at 05:40 AM.
What does the OP have that he didn't have before? Nothing.
It comes down to this from the OP: "So at that point we worked up a deal, and I said Ill put a deposit on the bike to hold it but Im not going to buy it until I get a chance to ride it. Then the finance guy wanted me to start signing the paperwork, and I said Im not signing anything that is going to make me the owner of the bike on any papers".
People like to talk about dealers ripping them off, and there's certainly more than enough bad behavior by dealers to go around, but I don't see how you can read that and not come away thinking that OP got so excited about this he was bound and determined to rip himself off.
He says they "worked up a deal". No they didn't. Until it's on paper with both signatures, there is no deal.
He says "Im not signing anything that is going to make me the owner". There you have it. There is no deal. And without a deal, the deposit means nothing. All the OP achieved by handing the dealer money was to give them all the power in the negotiation that has yet to take place.
And for what purpose? Against the possibility that someone else beats him to this bike? In December? In 2019?
I'm curious if the OP has any paperwork in his hands at all right now, and if so what does it say?
Anyway, none if this is likely to matter. The odds that someone else buys this bike in the next few days are all but zero. And if someone does, so what? It's not like there aren't a thousand other bikes just like it for sale.
Let the dealer get it ready. Take it out for a test ride. If OP decides then to buy it, don't be surprised if the price goes up. All he's done with this deposit is make it clear to the dealer that he has a total hard on for this particular bike.
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Grand HDF Member
Joined: Nov 2012
Posts: 3,515
Likes: 887
From: Upstate New York
Yes, I read it.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
I don't think your interpretation holds water. Why would a seller accept a deposit from a buyer who retains the ability to opt out? "I'll give you some money, and in exchange, you are forbidden from selling that thing you want to sell to anyone else. I might buy it later, but I also might not, so no promises. And if I decide not to, I expect my money back." ??
It makes no sense that the dealer would accept that deposit.
Of course, I don't understand a buyer handing over any amount of money to a seller for an item he isn't committed to buying, either.
Unless there is mutual consideration (ie, each side gives something of value to the other), there is no contract, and without a contract, no one is legally bound to anything.
I have my suspicions about what happened here. I won't go into all the details other than to say that I think the OP got played.
Fix the tire and let him test ride it.
