My 2 cents worth.....
As a businessman, I would never respond in a forum to a customer complaint and I find it interesting that the "victim's" only post is this one.

This first poster might have bought a non refundable electrical part that didn't fit and in turn trash Legion in more vicious manner, Until further notice I'll just read.

That's just BS..... a deposit is ALWAYS refundable.... the dealer has a choice to say no to a deposit if they feel it will inhibit other opportunities.... there can be only one excuse for not refunding a deposit.. that it to clearly state in writing it is NOT REFUNDABLE! end of storey!

I agree, refund the guy his 5k

not necessarily true. i received a deposit/ payment for the purchase of my fish boat, which is now sold to someone else. the guy sent the money via paypal claiming he was flying out the next week to come sea trial etc... he called several days later telling me his "wife" told him it was too much money for him to be spending at the time --- blah, blah, blah....

i told him he was clearly NOT entitled to his money back, as per paypal, my attny etc... but, regardless, i would send him a cashier's check back, minus the paypal fees. he did everything he could to get his money back and have me eat the paypal fees.

if i didn't believe in always trying to do the right thing... i would have told the guy to buzz off, sending further correspondence to my attny -- which is what my attny suggested - lol. paypal also agreed that there was no reason i had to return the deposit, and did so in writing.

here's the funny thing... i refunded the money, and literally, the next day i had two guys up-bidding my asking price to buy the boat. i swear this is true --- the boat up-sold for EXACTLY the amount of the deposit I refunded. amazing.... i swear!!!

ps: which is the reason i chose not to go after the boat dealer that sold me my gladiator claiming it had fresh motors, and blew up within 2 hrs of run time after purchasing it and would not stand behind it --- which i have sense heard he had done the exact same thing to someone else we all know around here. karma!!!!


joe

That's what it all comes down to. You have to do the right thing. But these guys saying deposits are always refundable,end of story are clueless. What is the purpose of a deposit. You give me a deposit, I must hold the boat for you. If you decide you don't want the boat afterall, I must return the deposit and that's ok. But if I sell the boat while you're makeing up your little mind, then I'm the bad guy. I would return the deposit if I didn't lose possible buyers while you're making up your mind, because that's the right thing to do. But if you are going to put a deposit on a boat, make sure you want it and can afford it, because that's also the right thing to do,

whenever i sold somethnig that was expensive enough to need / require a deposit i ALWAYS put in writing the deposit was a good faith deposit and was NOT refundable period

Clueless? Yes maybe if you didn't get a contract that says its refundable.
I bought a boat for $27,000 cash in December and had the contract written up that stated $ WAS refundable if sea trial in May didn't go as planned to MY expectations. Guess what... POS death trap.
Dealer hemed & hawed that they would make it right I said I expected it to be right THAT day. 10 days later check in the mail... Why? well written contract, end of story. Years before that $100 deposit on a Corvette was waiting for insurance check from my insurance co.
When check finally arrived I went to dealer and guess what, car was sold. They gave me my c-note back and I'm still bad mouthing that dealer and its been 12 years...but the contract I signed with them did not protect me, I only made that mistake once.

If you read my previous post eariler on this thread you would see that is exactly what I said. The only reason to expect your deposit back is if the boat didn't perform as advertised in the test ride. And it has to be in the contract. This thread is about a verbal agreement, nowhere is it written that the deposit will be returned if the buyer just changes his mind. End of story.

Bravo! I do the same. This thread would be different if these knuckleheads knew about pen and paper. A fool and his money is now parted...