Mike Bell

I'm not really sure where to post this.... When you have a car out of state that you want, and you have to use a check like capital one's blank loan check, when do you usually pay those funds? Here is the problem:
Seller paranoid of taking checks on the day of the sale, which will be a Friday afternoon, and buyer would be driving out of state right afterwards
Buyer paranoid to pay by check in advance of receiving the vehicle.

The loan amount is for about 2/3's of the price of the vehicle, and buyer has agreed to pay the other 3rd in cash at the time of the signing. At which point the blank check for the other 2/3's of the price would be given. That's the only compromise I can see that's safest for both parties. Are there any other ideas I'm missing? Please let me know if so.

Thanks in advance!

superchargedbandit

Tell Him To Hold The Title Untill The Check Clears. Have A Cop Witness The Sale And Sign Off Or A Very Good Witness.

LS1_SS

iTrader: (127)

Or call the bank where the check is from and verify it is good, make sure its a CASHIERS CHECK too.

Mike Bell

I just used the capital one "blank check" auto loan program. As far as calling to verify... I made a post here that has details:

https://ls1tech.com/forums/showpost....3&postcount=55

Hodgesz28

iTrader: (28)

C1, actually gives you an authorization # that has to be on the check before it can be cashed, its a full proof thing, I have used them atleast 4-5 times in purchasing vehicles! Good luck

Mike Bell

Thanks guys. Sounds like the seller contacted Capital One and got the information needed to make sure all was legit.