Topic: Took delivery of car but didn't get receipt for payment....

[John]

I picked up my brand new Toyota a few weeks ago and paid for the whole thing in cash (other than the original $500 deposit which was on my Mastercard).  When I picked up the car I paid the balance with a bank draft which I handed over to the dealership.

I realized just today that I don't have an official receipt for the payment of the balance!  All I have is the yellow copy of the signed contract (which still shows the balance due after the $500 deposit) plus the carbon copy of the bank draft.  I never thought of asking for something that acknowledged "paid in full".

No worries, right? I guess the fact that they put my old licence plates onto the new car and gave me the keys could be considered proof of payment.

[Fobroader]

As shady as dealers can be, I would definitely be talking to the finance department for a proof of payment and a bill of sale stating "0" owed.

[ltruong]

The bank draft should be retractable to their bank account but ya should ask for a paid in full.

[EV Dan]

Good thing is you didn't pay in cash bills and have a proof of payment. But yes, for a piece of mind just ask for a payment receipt or an invoice with "paid in full".

[ktm525]

Get some paper.

[bridgecity]

Wouldn't you need a bill of sale for registration?

[ktm525]

You would think but who knows? Alberta is weird, sometimes they fret over certain things but other things are very loose. My buddy walked in and just asked to register his  KTM 300 XC-W (2 stroke dirtbike) for the street. No problem and I am currently helping him install a light kit .

[Arthur Dent]

Alberta is odd. They gave me all sorts of run around for my TR8 - eventually a sold it. Another time I had a bill of sale printed in crayon on the back of a cereal box for a Ford Tempo. No problem there. 

Wouldn't the KTM need an out of province inspection to be converted to street use?

[ktm525]

No the KTM was sold in Alberta.

[Arthur Dent]

But was it every licensed for the street?

[John]

Wouldn't you need a bill of sale for registration?

The dealership did the registration on my behalf (I'm in Ontario).
In Ontario you do need a bill of sale to do a registration.  They did the registration a few days before I picked up (and paid for) the car.  So apparently it doesn't matter if you haven't paid for the car yet--the bill of sale used for registration can have an outstanding balance due.  Which implies that the registration/vehicle permit I have isn't proof of payment.  I think I'm going to go back and ask for receipt.

[dougjp]

Wouldn't you need a bill of sale for registration?

The dealership did the registration on my behalf (I'm in Ontario).
In Ontario you do need a bill of sale to do a registration.  They did the registration a few days before I picked up (and paid for) the car.  So apparently it doesn't matter if you haven't paid for the car yet--the bill of sale used for registration can have an outstanding balance due.  Which implies that the registration/vehicle permit I have isn't proof of payment.  I think I'm going to go back and ask for receipt.

This should turn out to be a routine non issue. No harm in asking for a receipt I suppose.

My last two Vehicle Purchase Agreements (you have that I assume?) don't have 'paid in full' or the like on it. However the wording under Acceptance of Terms (bottom right), if signed off by both yourself and the dealer representatives, along with the car in your name, IS 'paid in full'. The fact that they put it in your name earlier for convenience isn't part of the issue, because they control the car and can reverse the change if you didn't pay for it.     

[John]

Wouldn't you need a bill of sale for registration?

The dealership did the registration on my behalf (I'm in Ontario).
In Ontario you do need a bill of sale to do a registration.  They did the registration a few days before I picked up (and paid for) the car.  So apparently it doesn't matter if you haven't paid for the car yet--the bill of sale used for registration can have an outstanding balance due.  Which implies that the registration/vehicle permit I have isn't proof of payment.  I think I'm going to go back and ask for receipt.

This should turn out to be a routine non issue. No harm in asking for a receipt I suppose.

My last two Vehicle Purchase Agreements (you have that I assume?) don't have 'paid in full' or the like on it. However the wording under Acceptance of Terms (bottom right), if signed off by both yourself and the dealer representatives, along with the car in your name, IS 'paid in full'. The fact that they put it in your name earlier for convenience isn't part of the issue, because they control the car and can reverse the change if you didn't pay for it.     

Yes, I have the vehicle purchase agreement.

Thanks everyone for your responses.  I think on reflection I'll just let it go.  I'll just ask my bank to verify that the draft was cashed by the named payee.  I can't see contacting the dealership now and asking for a receipt.  I think if I asked him the salesman would say "You don't need a receipt.  We already transferred the ownership to you."

[John]

I asked my bank to check if the bank draft was cashed.  They got back to me after a few days and said it was indeed cashed, and that it can only be cashed by the payee named on it.  So I can forget about this now.

I had given it to the dealership on a Saturday and it was cashed the very next Monday.  Boy they sure didn't waste any time, did they?  ha ha.

[dirtyjeffer]

I had given it to the dealership on a Saturday and it was cashed the very next Monday.  Boy they sure didn't waste any time, did they?  ha ha.

standard procedure for business (daily banking)...they've got bills to pay too...cash flow is king.

[Guy]

 

[ktm525]

But was it every licensed for the street?

Ok I understand. Most registries are lazy they just asked me if was street legal.