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I'll suggest you speak to an attorney but I'll offer my perspective. It is up to the buyer to make his own arrangements. You shouldn't have to wave goodbye to a car with no money in your pocket. Frankly, it annoys me that the buyer thinks this is fine.
Think of it this way. If he can't get a bank check that also means that when he hands you a personal check, that account will also not have enough money in it for you to cash the check. Relying on "float" is a bad idea for both parties.
You can always postpone delivery of the car, until he has funds available. He can also arrange a short term loan from his bank, if he has decent credit.
Point being, there are ways around this problem, if he has any interest in meeting his obligations. I don't know the buyer but personally, I'd never turn over a car until I had funds in my account. Not a check in my hand, even a bank check.
Good luck,
JR
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We need not be gracious when our enemy dies. Civility is only afforded those who don't go to their grave trying to destroy us and ours. E. M. Burlingame
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