down payment, how long to hold it?

farmeroz

Member
I took a down payment on my 3300 combine back in late December. I talked to the fella once on Jan 8 and we discussed shipment. I got a figure for shipment and now I can't get him to return my calls. How much time must I give him? This in Pa.
 
Was payment in Cash or Check? What percentage was down payment?

If check make copy and deposit. Send certified letter to address on check with date final payment must be made.

If cash with no paperwork, leave message he has 7 days to contact or will be resold. Hold back deposit for what you consider appropriate.

JWalker
 
You would be better off asking an attorney this question. My dad sold a car years ago and got a down payment from the buyer and then he never returned. Seems my dad had to wait a year before he could sell the car to another buyer.
 
if you don't have another buyer chompin at the bit to buy the 3300,,relax ,, hale, it aint even been a month yet , ,,probably thefella is havin difficulties with logistics and maybe even havin 2nd thoughts and not sure how to tell his wife she i s ,,. besides that its been dam cold ,,people get sik,,.
 
I've been waiting over 11 months for a guy to come and pick up a tractor..He put half down..He has until March 15th to pay and get it off the place..
 
I never had this happen before so just looking to see where I stand. No great need on my part to move the combine right away. Thanks.
 
That is the reason I want paid in full. I had a plow set at my place for close to 4 years. Couple of tractors well over a year. If the item is paid completely, people are far more apt to make sure to get it home. If you let them pay for 1/2 or something, then they can spend the next few months trying to come up with the other half.
I make them pay in full, with the option of a refund if they are not satisfied.
But in your case, I would cash the check and then see what happens. Could be just tied up with the weather and such, and has not had time to get back to you. Bob
 

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