cameronc08Reputation ****
Posts: 538Joined: Wed Feb 01, 2006 5:40 pmLocation: Westlake, CA
by cameronc08 » Thu Jun 26, 2008 12:32 am
The holder deposit is what a potential buyer gives to the seller to keep the car from being sold for X amount of time. He is GIVING you this money, in hopes of buying the car. This money is yours..I honestly don't see how he can even bring you to court. I think the money is yours, and if HE chooses to not buy the car he is at a 5k loss.