Quote:
Originally Posted by SARAFIL
Meaning you take delivery and then a few days later they cut you a check for balance due back to you? That’s actually not too uncommon, you should be ok as long as all of the figures are clear on the paperwork. Typically you sign all the paperwork when you take delivery and then over the next couple of days the accounting folks in the back room process all of the paperwork (title work, internal accounting entries, etc) and they will cut a check at that point when they balance all of the figures to “close” the deal. I used to do this all the time back in the day, it was rare to cut checks on the spot.
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Yes, that seems to be the case. It sounded less "contingency" and more bureaucracy. They even showed me the check, but somehow they can't give it out. Liquidity?
Anyway, pickup was smooth and uneventful. The only negative surprise was finding out that CPO is non-transferable.