Let's say I am selling my own private vehicle and one buyer paid deposit to me with the agreed price. Due to personal reason, I want to keep this car again from selling and willingly to refund full deposit amount to buyer.

Will this brings any issue to me afterward? Legally, I am the owner of the vehicle on paper still.

I would encourage everyone to be neutral in this kind of scenario, or share your past experience if you had any. No hater toward seller or buyer on this kind of situation please.

With the conversation in place between seller and buyer, buyer also did not state any TnC toward seller if deal fails but agreed with seller that deposit is refundable (seller offered refundable deposit process upon deal failure).

So far from those comments, a courtesy call of explanation with full refund of deposit, apology, minor compensation such as a meal/drink would be sufficient.
Like some said, what if the seller facing joy buyer? If given me the scenario, I'd deduct those fee that I spent on those process (e.g. inspection), refund deposit and move on. While I am aware some seller take it as earnest deposit, which they absorb the deposit money without refund to buyer.

As a seller myself, I understand money is hard earned income. Deposit is definitely refundable on my stand.

On how much deposit did I collected? 2% of agreed total price.
Only collected and received about 1 week ago, then went ahead with loan settlement and scheduling inspection on own money.
Social Media platform, voice + text.

So what if facing joy buyer, can seller sue joy buyer after receiving deposit refund due to joy buying?

From what I read from internet and shared experience, the word used within the deal is also important.
Deposit and down payment are different meaning. While "deposit" was used within the deal.

Deposit - I am interested, I pay deposit to reserve then we further discuss until full deal stage.
Down payment - I am firm buying this hence I am paying partial amount of the selling price and to clear off remaining balance upon receiving goods.

Feel free to correct and share input on these two statements.
This thread can be a good lesson learning for peoples.

Kind of puzzle me because:

Seller call off deal and refund deposit to buyer, many said buyer can sue seller even deposit is refunded.
Buyer call off deal and receive deposit from seller, can seller sue buyer for being joy buyer?

private sale, so only between buyer & seller

if u seller want to cancel & return, then buyer take back money. simple.

if buyer bising, dont want money, then u keep money.

I just purchased my 10th car, all my cars are private buy & sell.

There is no written agreement between buyer & seller then no need ask too much. Its all verbal only.

That sentence is after mentioning my experience, not TS.

also, ts giving example, not actual.. and also no explicit mention of breach condition