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Old 08-09-2013, 07:22 AM   #246
MARKDTN
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Join Date: Jan 2011
Location: Chattanooga, TN
Posts: 2,200
Re: Found me a possible truck 1971 gmc swb

Quote:
Originally Posted by 70-K5 View Post
...You now have a legal contract and they cannot sell the truck to anyone else as long as you show up on Saturday with the rest of the money.....
While this is technically correct, there is not enough value to enforce this. If seller gets a better offer, they may sell to someone else and refund the deposit (or worse sell to someone else and keep the deposit). I myself would never take a deposit on a vehicle or hold a vehicle. First one with all the money rides-clean and neat. My advice is do what you can to come up with all of the money and complete the transaction as soon as possible.
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