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Old 04-19-2006, 02:58 PM   #15
Brucelee
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Join Date: Jun 2004
Location: Des Moines, IA
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Lets cut the speculation. Depending on the contract and the laws of the state, this buyer either has rights or not. He may be stuck or he may be in good shape, we can't tell without the info, which only he has.

Now, if the dealer sold him a car with a personal check, the dealer is a moron! I know of no dealer that will take a personal check of this amount but I suppose that there are some.

Hence, there is no check to stop payment on. If you go to your bank and ask them to stop payment on a bank or cashier's check, they will simply laugh at you. That is why sellers want a bank or cashier' check. It IS as good as cash, as long as it is not a fake (this happens sometimes).

The post above is partly correct. A new law in CA allows a three day cooling off period for cars sold for under $40K. There is a charge which can be quite hefty for this return but it now can be done.

For cars over $40K, there is no cooling off period.

I only deal with cars that well for over $40K. Can you tell why?
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