Notices
Evo X General Discuss any generalized technical Evo X related topics that may not fit into the other forums.

Cashiers check hold time

Thread Tools
 
Search this Thread
 
Old Jun 8, 2009, 06:09 PM
  #1  
Evolving Member
Thread Starter
 
freshpl's Avatar
 
Join Date: Oct 2004
Posts: 113
Likes: 0
Received 0 Likes on 0 Posts
Cashiers check hold time

When you pay via certified cashiers check at a dealership what is the usual
Wait time before you can pick up the car? serramonte is telling me 10 business days is this a normal time frame?
Old Jun 8, 2009, 06:18 PM
  #2  
Evolved Member
iTrader: (21)
 
scottatyamaha's Avatar
 
Join Date: Jan 2004
Location: South Carolina
Posts: 2,210
Likes: 0
Received 0 Likes on 0 Posts
Yes that is correct.
Old Jun 8, 2009, 06:36 PM
  #3  
Newbie
iTrader: (3)
 
chapscalyx's Avatar
 
Join Date: Nov 2008
Location: nj
Posts: 65
Likes: 0
Received 0 Likes on 0 Posts
bank cashier check is good as cash, when i picked up my car i gave them a bank cashier check and drove the car out the lot in an hour, and this is not the first time i bought a car using bank cashier check

Last edited by chapscalyx; Jun 8, 2009 at 06:39 PM.
Old Jun 8, 2009, 06:40 PM
  #4  
BMS
Account Disabled
iTrader: (22)
 
BMS's Avatar
 
Join Date: Dec 2004
Location: Boston, MA
Posts: 285
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by chapscalyx
bank cashier check is good as cash, when i picked up my car i gave them a bank cashier check and drove the car out the lot in an hour, and this is not the first time i bought a car using bank cashier check
Agree!
Old Jun 8, 2009, 07:36 PM
  #5  
Newbie
iTrader: (1)
 
wtam1100's Avatar
 
Join Date: Feb 2008
Location: Cleveland, OH
Posts: 89
Likes: 0
Received 0 Likes on 0 Posts
If the dealership is giving u funk about the funds do a 3 way call w/ bank to verify funds. But yeah cashier check is guarantee funds.
Old Jun 8, 2009, 08:01 PM
  #6  
Evolved Member
iTrader: (58)
 
beetle_orange's Avatar
 
Join Date: May 2008
Location: Illinois
Posts: 1,899
Likes: 0
Received 5 Likes on 5 Posts
thats the misconception about cashiers checks. what you have to remember is a buyer of a cashiers check can still put a stop pay on it. they could say they lost it or got flushed down the drain.
Old Jun 10, 2009, 11:10 AM
  #7  
Evolving Member
iTrader: (1)
 
Gardo_Segovia's Avatar
 
Join Date: Nov 2003
Location: Redlands
Posts: 208
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by beetle_orange
thats the misconception about cashiers checks. what you have to remember is a buyer of a cashiers check can still put a stop pay on it. they could say they lost it or got flushed down the drain.

this.

When I sold my car to carmax, I was given a cashiers check [Wells Fargo]. My bank [BofA] told me that $500 is available immediately out of $15,000 that I deposited. The rest can be widthrawn after 10-business days.
Old Jun 10, 2009, 11:18 AM
  #8  
Evolved Member
iTrader: (2)
 
9evolution's Avatar
 
Join Date: Nov 2007
Location: VA
Posts: 650
Received 0 Likes on 0 Posts
Got my car at all star mitsubishi in nj. Gave them a personal check and I was out the door a few hours later with car. They were asking for a bank check I was able to talk them into the personal check. I work crazy hours and told them I would never be able to get to the bank, I thik they just wanted to make the sale so bad they said F-it take the car.
Old Jun 10, 2009, 11:19 AM
  #9  
Evolving Member
iTrader: (1)
 
Daskid's Avatar
 
Join Date: Feb 2009
Location: Socal
Posts: 450
Received 0 Likes on 0 Posts
Yeah same here. Gave them a personal check, then off with the car.
Old Jun 10, 2009, 11:25 AM
  #10  
Evolved Member
iTrader: (3)
 
slo4g63's Avatar
 
Join Date: Dec 2005
Location: hmmmm
Posts: 1,250
Likes: 0
Received 0 Likes on 0 Posts
I put 26k down on an S2000 back in 02', gave them a personal check. I ended up pullling up my account online to show them the funds were available. They honored the check and let me take the car and sign the papers.

They could have called the bank as well....
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Zerofour1223
For Sale - Cars For Sale
4
Sep 29, 2011 11:07 AM
JDMevoBOOST
For Sale/WTB - Engine / Drivetrain / Power
7
Jan 5, 2010 09:24 AM
bambooi
For Sale/WTB - Engine / Drivetrain / Power
7
May 3, 2009 06:44 AM
TrinaBabe
For Sale/WTB - Engine / Drivetrain / Power
4
Jan 22, 2006 10:46 PM



Quick Reply: Cashiers check hold time



All times are GMT -7. The time now is 06:39 AM.