Got SCREWED on my boxster! help

[Brucelee]

Are we talking about a down payment here of the full amount? Frankly, I don't trust my mother enough to send her off in a $70K Porsche 911 unless I have my funds.

But that is just me.

[blue2000s]

Originally Posted by Brucelee

Are we talking about a down payment here of the full amount? Frankly, I don't trust my mother enough to send her off in a $70K Porsche 911 unless I have my funds.

But that is just me.

The whole car.

[TriGem2k]

Originally Posted by Brucelee

Are we talking about a down payment here of the full amount? Frankly, I don't trust my mother enough to send her off in a $70K Porsche 911 unless I have my funds.

But that is just me.

From Mercedes, Lexus, Porsche, Ferrari, Acura, Ford, BMW, and Maserati...All where paid in full with a personal check...AND only ONE company ran a credit check and that was Ford...Go figure...

Originally Posted by Brucelee

Are we talking about a down payment here of the full amount? Frankly, I don't trust my mother enough to send her off in a $70K Porsche 911 unless I have my funds.

But that is just me.

The checks were for full purchase price. Porsche let me put $1,000 on my Visa card, and Mercedes let me put $10,000 on my American Express (so I could get the points).

[Brucelee]

Well there you go!

I sit, corrected!

[socratic]

Re: Personal Cheque or not, it seems to be based on the type of car. Paradoxically, the higher the price of the car, the less it needs to be a bank or certified cheque!

My Hondas: certified cheques all
My Lexuses and Porsche: personal cheques



For my first Lexus purchase, the Lexus dealer actually scoffed at the suggestion of me providing a certified cheque.

[Brucelee]

I sold a 911 for $70K plus yesterday. Payment by bank transfer and cashier's check.

[Chris C Atlanta]

Bruce - in a rental transaction, I just had a tenant stop payment on a Suntrust certified bank check 2 DAYS AFTER it was supposed to have cleared. With all the fraudulent checks these days, those things are treated like a normal check and are only as good.

[Brucelee]

Originally Posted by Chris C Atlanta

Bruce - in a rental transaction, I just had a tenant stop payment on a Suntrust certified bank check 2 DAYS AFTER it was supposed to have cleared. With all the fraudulent checks these days, those things are treated like a normal check and are only as good.

There is a difference between a Cashier's check and a certified check. In the case of the Cashier's check, the bank withdraws funds from your account and is obligated to honor that check with ITS FUNDS. If you don't actually use the check, you can redeposit it in your account.

In a certified check, all the bank is doing is certifying that you have the funds in your account at the time of certification. There is NO GUARANTEE to the payee that you will have the funds there when the check is presented back to the bank.

In CA, if you have a REAL cashier's check in your hands, I know of no way the bank can wiggle from honoring it.