Overhaulin'

How long do i need to hold onto money from a car sale in alabama before i can use the money?

I am about to sale a car(here in alabama) i'm selling it for my father-in-law (that lives in wisconsin)now when we both sign the title and he gives me the money,am i required to give this person a certain amount of time to change his mind,before i can cash the check? because once it is in the mail to wisconsin,i wont have that kind of money to return to the buyer. anyone that knows the law,that can help me out,i would surely appreciate it.

Public Comments

1. Unless you are a car dealer, no. To be nice, I'd hold it 48 hours.
2. There is no right to cancellation for a private vehicle sale. The money is yours once the deal is done.
3. For your protection you should IMMEDIATELY cash or deposit the check to avoid fraud on the part of the buyer.