I took a deposit on my '96 Gibson LP Custom...

Discussion in 'Guitars' started by 67Mopar, May 20, 2019.

  1. 67Mopar

    67Mopar Well-Known Member

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    I had placed my '96 LP Custom up for sale last week on CL. I get an email response from a guy in Tampa who's interested in the guitar. He said that he really wanted it, and that he wanted to give me a deposit to hold the guitar. I don't normally take deposits, but since I was getting inquiries from others, I decided I'd accept a $1OO.OO deposit. The pickup date was set for today.

    The would-be buyer calls me this morning, and says; "We just discovered that our 2O year old daughter has type 1 diabetes, and that it wouldn't be a good idea for me to buy a guitar right now. If you want to keep the deposit, I can understand that, it's up to you..."

    As the buyer is successful businessman here in Central Florida. His reason for backing-out sounds like BS, and so I am inclined to keep the deposit. WTF? I'm not a music store!

    How would you handle this?
     
    Last edited: May 20, 2019
  2. BanditPanda

    BanditPanda Well-Known Member

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    No problem. Give him his money back. Safely and securely obviously.
    BP
     
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  3. Michael Roe

    Michael Roe Well-Known Member

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    Keep the deposit! That is what it was for. You could have potentially lost out to another buyer by waiting on him. Keep the money. He paid you $100 to not sell to another buyer. thanks bud!
     
  4. Georgiatec

    Georgiatec Well-Known Member VIP Member

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    Deposits are non-refundable, that's the nature of the beast. You hold the guitar (turning down any other offers) until he pays in full, if he backs out of the sale that's his $100 bucks gone.
     
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  5. MarshallDog

    MarshallDog Well-Known Member

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    Sounds like BS. How does one just find out something like that??? Tough call. If you told another buyer the guitar was sold then keep the money, if not refund 50.00
    and keep 50.00.
     
    Last edited: May 20, 2019
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  6. Mitchell Pearrow

    Mitchell Pearrow Well-Known Member

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    Keep it no bad karma here. Cheers Mitch
     
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  7. Mitchell Pearrow

    Mitchell Pearrow Well-Known Member

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    But my opinion is based off of the scam artist’s I tend to deal with. Cheers Mitch
     
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  8. anitoli

    anitoli Well-Known Member

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    When you buy a house you place a deposit ( up in maineit's $500) to show the seller in good faith that you will commit to buying the home, you back out he keeps it. That's that.
     
  9. BanditPanda

    BanditPanda Well-Known Member

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    Yeah Mitch ...you run with a rough crowd....:pirate:
    BP
     
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  10. Mitchell Pearrow

    Mitchell Pearrow Well-Known Member

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    There is a couple of back stories on this matter. Cheers
     
  11. SmokeyDopey

    SmokeyDopey Well-Known Member VIP Member

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    Enjoy your 100 bucks!
     
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  12. GIBSON67

    GIBSON67 Well-Known Member

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    Deposit = pay for holding

    You held it, he didn't buy it...yours now.

    I paid a deposit for my dog to stay at a certain hotel, well when I checked out I inquired how to get my deposit back. They said I couldn't
    and I argued that would be a fee and not a deposit. LSS - I didn't get it back, and they permanently lost a customer.
     
  13. axe4me

    axe4me Well-Known Member

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    I have type 2 diabetes.

    I'm compassionate.

    Keep the deposit.
     
  14. tallcoolone

    tallcoolone Well-Known Member

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    By definition you keep the deposit. He should be embarrassed to ask for it.
     
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  15. BanditPanda

    BanditPanda Well-Known Member

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    :ot: Hey Gibby. Cool pic. Townsend with a Tele ! WHO knew ! lol
    BP
     
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  16. BanditPanda

    BanditPanda Well-Known Member

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    Hey Mopar... I missed the part where he said...." If you want to keep the deposit, I can understand that, it's up to you..."
    Obviously he understands the dealio.
    Feel no remorse for keeping the C note. He knew going in.
    BP
     
  17. 67Mopar

    67Mopar Well-Known Member

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    If someone isn't planning on picking the item up by the next day, they end up changing their mind. That's been my experience with CL anyway. I'm keeping the deposit. Should he change his mind, of course, I will take the deposit off of the final price. I had three other guys who wanted it.

    [​IMG]
     
  18. BanditPanda

    BanditPanda Well-Known Member

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    Man, can't blame anybody for wanting that guitar. It is a beauty~!
    BP
     
  19. Lo-Tek

    Lo-Tek Well-Known Member

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    Hard to say. If the guy seems to be lying that changes things but I would be inclined to return it. But I live in a small town; it’s different.
     
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  20. ricksconnected

    ricksconnected Well-Known Member

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    in the off chance hes legit i would give him his cash back.
     
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