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Old 08-28-2008, 04:37 PM
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car dealer hold my car

What is the name of your state (only U.S. law)? nj hi.i buy a car with capital one check.i buy the car 9 days before and the capital one deliver the funds to the dealer bank 3 days ago.now the dealer says i have to wait 10 more days until the funds clear.is this some kind of trick;the capital one says the money is in car dealer acount.can i do anything exept waiting;is it legal for the dealer to do that;thanks
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Old 08-28-2008, 04:53 PM
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Depending on the amount , yes it could take 10 days .
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Old 08-28-2008, 10:43 PM
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Quote:
Originally Posted by lakonas67 View Post
What is the name of your state (only U.S. law)? nj hi.i buy a car with capital one check.i buy the car 9 days before and the capital one deliver the funds to the dealer bank 3 days ago.now the dealer says i have to wait 10 more days until the funds clear.is this some kind of trick;the capital one says the money is in car dealer acount.can i do anything exept waiting;is it legal for the dealer to do that;thanks
If you could get a copy of the check that has cleared the bank from Capital One, the dealer may release the car.

It is evident that the bank has placed a hold on their account and they are allowing for the hold to be removed before releasing the vehicle.
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