Responsibility to sell advertised vehicle after accepting deposit

Posted in NEED TO KNOW over 2 years ago, 1 reply

We are in Canada and advertised a vehicle for sale. We were offered a sum less than we were asking to sell it "as is" and said no, so they increased their offer to full asking price with safety certificate and e-tested. We accepted a $1000 deposit on the $4500. We took it to be safety'd and found it needed in excess of $1500 to do the brakes and so we called and asked the buyer if they were willing to pay $700 towards the safety and they offered $400 which we refused as we decided we would keep the vehicle and told them so and they agreed to pick up the $1000. One week later they still have not picked up their $1000 and the bill for the work was $1950.00.
I had givene them a receiept for the $1000 stating they would owe $3500 upon pick up and the receipt stated safety'd mand e-tested for $4500. Where do we stand legally. Must we sell it to the buyer, we would like to keep it.
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Walinkg in the presence of giants here. Cool thinking all around!
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