Finance dilemma regarding a car purchase

[overst33r]

I found a car online that I will be seeing tomorrow.

The problem is that the money I plan on paying with is locked up in a Certificate of Deposit. I would be willing to break it on Monday and hopefully have a bank check or cash by the following day.

How would I go about buying the car in a way that would allow me enough time to get the money to him the following week. The seller is a "small dealer" (his words).

What would be the deposit amount that I should leave. Also, can someone explain to me what a Buyer's order is?

Forgive my ignorance, but that is why I ask you fellows

If anything is unclear please ask so I can clarify.

 

[doze]

edited: I wouldn't trust a used car salesman with cash to hold a car for you. If they get a better offer than yours I bet the car is sold before you get back with the rest of the money.

 

[overst33r]

Originally posted by: doze
What country are you in?

USA/Florida

 

[thomsbrain]

my experience with this sort of thing is that you should avoid doing this sort of thing. it is just a huge hassle, and you're better off getting the money in your bank account and your own financing lined up before you even walk onto a lot or start calling anyone. otherwise you're wondering if your bank's check will arrive in time, if you will be "stuck" with some crappy financing deal, if the dealer is going to sell the car out from under you, if you can really trust them with your money, etc.

 

[overst33r]

Originally posted by: thomsbrain
my experience with this sort of thing is that you should avoid doing this sort of thing. it is just a huge hassle, and you're better off getting the money in your bank account and your own financing lined up before you even walk onto a lot or start calling anyone. otherwise you're wondering if your bank's check will arrive in time, if you will be "stuck" with some crappy financing deal, if the dealer is going to sell the car out from under you, if you can really trust them with your money, etc.

Yeah, I called the guy and told him that I'd call him back in a week to see if the car is still for sale, after I talk to my bank and try to get a loan.

 

[MrDudeMan]

When I read the title of this thread, I thought you said "Fiancé diarrhea"

I was like wtf? lol

 

[FoBoT]

there are hundreds/thousands of cars available for you to buy, not just one

get your money straight BEFORE you start shopping