porsche sale
06-26-2002, 07:12 PM
#1
Burning Brakes
Thread Starter
porsche sale
Does anybody know of a printable legal document that is available between buyer and seller for a car transaction. Example, I have a guy flying in from AZ to purchase a car with a certified check. He will obviously be long gone before my check gets to my bank. I just wanted to be safe and have some sort of binding paperwork that we could both sign.
Any help would be appreciated!!
Thx
Charles
Any help would be appreciated!!
Thx
Charles
06-26-2002, 07:32 PM
#3
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Rennlist Member
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I just did a quick yahoo search and found this one: <a href="http://www.carcontracts.net/" target="_blank">http://www.carcontracts.net/</a> I have never used them but the idea sounds pretty good.
Good luck!
Good luck!
06-27-2002, 12:54 AM
#4
8th Gear
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Check out <a href="http://www.edmunds.com" target="_blank">Edmunds</a>. I sold a car years ago and found something in there - about a half a page where you fill in the blanks either on the computer or write it in. Good luck.
06-27-2002, 12:06 PM
#5
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A certified check is as good as cash. The bank deducts the money from his account before they write it, and it is guaranteed to be good. They cover it. If it's a certified check, don't worry. Take the check to the nearest Porsche dealership.
06-27-2002, 02:20 PM
#6
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Don't be so sure of a certified check. a) there are lots of forgers around b) if the bank makes a mistake guess who loses? (not them). At the very least arrange a transfer time when you can phone his bank to verify the certification. Don't do this Saturday afternoon and find out Monday you've been had.
You need a document confirming that title can not pass to the buyer until you have been paid in full.
This is an appropriate place for an electronic funds transfer, not a check.
You need a document confirming that title can not pass to the buyer until you have been paid in full.
This is an appropriate place for an electronic funds transfer, not a check.
06-28-2002, 06:58 PM
#7
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If the owner of the account (as in this case) certifies the cheque it is possible to place a "Stop payment" on the cheque.
The bank will honor the stop payment unless a third party were involved as a "holder in due course". In which case they May...may honor the cheque.
The world is full of pot holes.
Rob
The bank will honor the stop payment unless a third party were involved as a "holder in due course". In which case they May...may honor the cheque.
The world is full of pot holes.
Rob
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06-28-2002, 10:18 PM
#8
Working as senior management for a bank,If the cheque is embozed by way of said bank,then the money will come out of the buyers account and the cheque you get is from the bank's general ledger. Mike. <img src="graemlins/c.gif" border="0" alt="[ouch]" />