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Old 07-05-2016, 11:30 PM   #41
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Originally Posted by Rossue View Post
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?
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Old 07-05-2016, 11:37 PM   #42
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I'm going to lay awake all night thinking about checks, or is it cheques? If the transaction takes place in Canada, do you have to ensure it is a cheque?
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Old 07-06-2016, 06:30 AM   #43
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Originally Posted by gbaglo View Post
I'm going to lay awake all night thinking about checks, or is it cheques? If the transaction takes place in Canada, do you have to ensure it is a cheque?
Hi: gbaglo... I'd just go to sleep and dream about checking your cheques when the bank opens in the morning. After reading an article in the paper about our generation inheriting the most money to date, I'm checking the mail daily for my cheque. Should have used direct deposit if the posties are locked out though. Alf
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