Hey Ratman, I have a purchase agreement that they emailed to me today for a boat I'm interested in.
There are some Really nasty conditions in there.
I don't think I will end up making the deal with them.... just depends.
They want a 3 grand holding deposit on a boat.
In the conditions of contract it says....... 'that if I fail to punctually observe and perform all my obligations hereunder, all monies paid and/or trade-in provided by way of deposit shall, at the opinion of the vendor, be forfeited absolutely to the vendor who shall thereupon have power without notice to cancel the sale or at its option to sue the purchaser for the balance of the purchase price....'
In other words.... give us a big deposit, and if we think you are taking too long to get your act together - you lose your deposit. >
You might also want to send a PM to Grand Marlin - Pete.
He gave me some interesting info on Australian Marine Centre and consignment sales....