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The Terminator
Terminator Talk
Price on 2004 Cobra
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<blockquote data-quote="noeleven" data-source="post: 15531705" data-attributes="member: 184303"><p>I just talked to Penfed and asked about the situation where I give the check to seller, wait until check gets cleared and than get the title and car from seller.</p><p>What they said is once check is cleared and deposited to seller's bank account, there is no way to reverse the payment as I knew.</p><p>They said giving check equals to giving payment so I need to get what I pay for at the time I give the check to seller.</p><p></p><p>Even me and seller fill out official document such as bill of sales, there is nothing I can do with Penfed and I am still responsible to make payments for what I borrowed even when I don't have the car.</p><p>Only thing I can do with legal document of proof of sales is taking it to the court which not going help getting the car since it is buyer's fault giving money away for nothing.</p><p></p><p>So complicated...</p></blockquote><p></p>
[QUOTE="noeleven, post: 15531705, member: 184303"] I just talked to Penfed and asked about the situation where I give the check to seller, wait until check gets cleared and than get the title and car from seller. What they said is once check is cleared and deposited to seller's bank account, there is no way to reverse the payment as I knew. They said giving check equals to giving payment so I need to get what I pay for at the time I give the check to seller. Even me and seller fill out official document such as bill of sales, there is nothing I can do with Penfed and I am still responsible to make payments for what I borrowed even when I don't have the car. Only thing I can do with legal document of proof of sales is taking it to the court which not going help getting the car since it is buyer's fault giving money away for nothing. So complicated... [/QUOTE]
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Price on 2004 Cobra
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