A non refundable deposit means you will be back.. Al. But a business can only do this if the contract term is fair. 7 replies 1.3K views nellycollie Forumite. I was just wondering if accepting the deposit made a contract . Hudson, Wi. 4 posts. It was never mentioned that it was a "non refundable deposit". For rafts, the deposit is $10 per person, per day. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. Posts: 2,804. and maybe I have to give them for example 30 days to come up with payment. The customer says he didn't sign anything. I bought my last vehicle from Luther Chev and put a 500.00 deposit on it. Upon the second inspection, over a three week period, I viewed discrepincies which varied from the agreement, therefore, I decided against the purchase. What is a non-refundable deposit? It is very common for a deposit to be paid to secure a horse before the purchase proceeds. I have a signed receipt that does not indicate "NON REFUNDABLE", it merely states "deposit" and I have a witness that came to look at the vehicle with me that CLEARLY heard AND understood the particulars of the sale ie; having it looked over BEFORE final payment. It is also a promise of the seller to hold the vehicle until you finalize the purchase. hi i'm new to mse forum although i have … SECURING YOUR BOAT RENTAL A non-refundable deposit of $10 per canoe or kayak / per day rented is due at the time of booking. My understanding was that if it was a non-refundable deposit, the sales person has to give me notice of the conditions under which it is refunded (as in natural calamity etc), cooling off periods etc. When I bought my boat I gave the seller $300 cash. bzzsaw. A valid Visa, MasterCard, Discover Card or American Express is required to hold your reservation. Businesses will sometimes insist it's non-refundable if you cancel and even write it into the contract. March 14, 2012 at 1:14 pm #1049162. But usually, a deposit is refundable, or non-refundable depending on what's written in a contract, on a receipt, or posted at the dealership. 9 June 2010 at 12:44PM edited 30 November -1 at 12:00AM in Motoring. boat deposit refund. A deposit is part of the total cost of something or an advance payment paid for at the time of booking. Often, the terms on which that deposit is to be held are not discussed, though it is understood that the seller will withdraw the horse from the market until the prospective buyer is … jakamy, May 2, 2010. jakamy, May 2, 2010 #4. Most deposits or money down are not refundable unless stated otherwise. refundable deposit. Deposits – refund or retain? I put a 5,000 dollar deposit on a boat with the verbal agreement that the seller would finish the on-going restoration project and replace certain parts of the boat. Here are a few ways to protect your deposit on your next vehicle purchase. Placing money down or a deposit on a vehicle is a promise that you are going to purchase it. We paid £1,000 deposit which we were assured would be refunded if the survey turned out to be so bad that we didn't want the boat, but not refundable if we had the survey done and then just changed our minds or got cold feet. User #242830 303 posts. It's been 2 weeks and I am still waiting to be paid in fill. The deposit receipt simply stated received X amount of dollars as deposit on (year/model of boat) and signed by buyer and seller. Participant. I was waiting for an insurance check before finalizing the purchase. TBH, I couldn't part with my grand quick enough. A non refundable deposit means you will be back.. Al example 30 days to come with. The time of booking for a deposit on a vehicle is a promise the. You cancel and even write it into the contract term is fair waiting for an check... Wondering if accepting the deposit made a contract something or an advance payment paid for the... 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