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      10-01-2012, 04:17 AM   #1
fongpi
Jedi Poltergeist
8

 
Drives: 2011 BMW M3 6MT ZCP
Join Date: Mar 2012
Location: Southern California


Posts: 166
iTrader: (0)

Standard contract for leaving a deposit?

I'm planning on engaging in a private party sale this week, and may be required to leave a deposit. If I leave a deposit what can I ask for in return that guarantees the seller won't run with my money? He's asking for a 10% deposit to be wired to him.

So is there a standard contract to stipulate that upon arrival, if the car was misrepresented, that I get my money back? Does something like this hold up in court? I'm flying across the state to go see it this week.