Car Purchase Contracts – Private Party
I’m trying to buy a used car, from a private party. We filled out a Pre Bill of Sale that reads like this:
”I, XXXXXXXXX, am accepting a non-refundable $1000 deposit from–name removed—name removed–to purchase my 2003 Mitsubishi Lancer Evolution. Final Sale and transfer over of the vehicle will occur after receiving a full payment of $13,000 for the purchase of the vehicle from the buyer.”
It was dated and signed by both parties and I gave him a Cashiers check for $1000. Then I went through hoops to get the financing completed a check Fed Ex’d by the weekend (per his request) and he just called me because he decided not to sell it. Since he made my deposit non-refundable…does that make his agreement to sell non-revokable?
I need to sort this out asap..thanks