Reply to When people say they "pay cash" for a car...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Usually certified check from bank.  [/quote]

Why? Why not just cut a regular check? That’s all we’ve had to do to pay for cars that cost between $55k and $75k. Is there something I’m missing?[/quote]

A personal check could bounce. A certified check carries a guarantee from the bank that the funds are available and set aside to cover this specific transaction.  [/quote]

But they have a lien on the car if the check bounces--they'll just come take it back. It is similar to when you have work done on your home and they send an invoice once the work is complete. [/quote]

This reminds me of when we bought a car 15 years ago and wanted to pay by personal check and it was after bank hours. They said fine, we could drive away with the car but they would have a lien on it until the check went through. They promptly pulled out a couple sheets of paper that went through all the lien stuff and im a lawyer so i actually read it, and the new paperwork said they had a lien on my car but was completely silent on when the lien would be released. The salesman was insistent it was automatically released and that the forms “were written by lawyers” but I made them hand write a sentence that the lien would be released on check clearing. Car sales are rough….[/quote]

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