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Vehicle Sale & Dispute as I want to cancel the sale now


08-Nov-2023 (In Recovery Law)

Hi, I, sole owner of a vehicle was planning to sell a vehicle. As part of that, I had a verbal/whatsapp agreement of sale with a buyer. Now due to lack of some agreement, I wish to call the deal off. The problem is the buyer has transferred 25% of the agreed amount through NEFT. When I am asking to now cancel the deal, he wants extra money back apart from the 25% that I am willing to return immediately . he is not even providing me his ac/c number and threatening legal action if I dont pay extra. ANy suggestions how to deal with this. All comms have been in WhatsApp and Verbal. Regards

Answers (1)

Answer #1
753 votes
I suggest you to issue a written notice to the buyer, if you have his residential address, to receive back the amount or else you are not responsible for the said amount. Just check with your agreement for the breach/cancellation clause for more clarity.

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