Originally Posted by Rossue
And is it 20 days from pickup or when you cross Alabama state line? Then, what if any penalty might appply? I wouldn't want to limit my trip solely based on DMV rules.
My understanding has always been that it's 20 days from the date entered on the Bill of Sale, which technically, should match the date of sale entered on the back of the vehicle's Certificate of Title when it is signed and handed over to the purchaser, but I need to double-check that. Also, I like the idea of having the money exchanged at the seller's bank's teller window if/when that would be possible. It's a safe environment, and money pros will be making sure that everything is legit. Even if it's a personal check, I believe most banks (and some businesses) can check to see if there is indeed enough money in the buyer's bank account to cover the check at that moment and lock in a transfer of that money before the buyer has a chance to play games and stop payment on the check. Does anyone have experience with that kind of transaction?