Certified checks cost me nothing other than a 1 mile drive to the local branch (with no waiting in line). Overnight shipping was $12. I can stop payment on a certified check. A certified check can be cancelled, but it takes 90 days. Try stopping a transfer that was already wired. Most people go the "immediate" route, not the "scheduled" route, which means you can't cancel the wire.Seems to me like you overreacted. I really don't understand the circumstances where they told to you send a check in but didn't provide an address. The whole process you're describing does not agree with what I went through. Personally, I thought the instructions for sending the down payment were quite clear and explicit. I chose to wire the money to arrive the day before my delivery. If you had done that you would have your vehicle today and would be very happy. Or if you had stuck with it and resolved the situation you would be getting your vehicle soon and would be very happy. But now that you've canceled your order all you're going to get out of the process is problems for the next few months trying to get your check back. And no vehicle either.
Not trusting a wire transfer is a bit paranoid IMO - it's much safer and more traceable than a check, also cheaper and more reliable than a certified check and overnight mailing of that check (I once had a large check burned up in a traffic accident involving a FedEx truck, and it took about 2 months for them to sort through the debris and return my partial check to me ... but meanwhile that really put me in a bad position with the person expecting that check ...) Also, mailing a check means you're out the money sooner than if you wired it.
I see no upside to using a check, and the downside is clear in this situation.
When you have a wife who has worked for 15+ years for one of the largest banks in the nation, working directly with retail banking processes, you learn a few things - especially how to manage your risk when using those processes. The world runs on funds tranfers, and many are much larger than mine. I have done, and will continue to do, wire xfers when needed. Howver, when it comes to exception management when dealing with unknowns, having an ability to "undo" things is a major risk reduction.Kinda sounds like you picked your own adventure. Good luck never using wires or ACH
If we are using spouses in this pissing contest, mine has worked in securities and investments for 30+ years, and wiring money when we have purchased any vehicle is not and will not be on our conspiracy theory list.When you have a wife who has worked for 15+ years for one of the largest banks in the nation, working directly with retail banking processes, you learn a few things - especially how to manage your risk when using those processes. The world runs on funds tranfers, and many are much larger than mine. I have done, and will continue to do, wire xfers when needed. Howver, when it comes to exception management when dealing with unknowns, having an ability to "undo" things is a major risk reduction.
Crazy thing is I've bought two Rivians and had none of these issues the OP has had.I've had a few car loans through chase and had 0 issues with them ?![]()
10-4... it sounds like you have it all figured out. Your post just had a lot of drama over something that certainly seemed preventable. Hope everything works out for you.Sure - just wire a few grand, with no real traceability (or give Rivian direct access to your checking account) with darn little way of recovering it when there's a problem. At least I can 100% ensure I get that check money back. Can you imagine asking Rivian to refund your ACH payment and how much run around you'd get? Hahahahaha.
Email hijacking is a real thing that happens for wires/ACH sometimes. Of course someone could have just as easily told the OP to mail the check to a compromised or incorrect physical address.If we are using spouses in this pissing contest, mine has worked in securities and investments for 30+ years, and wiring money when we have purchased any vehicle is not and will not be on our conspiracy theory list.
Enjoy whatever you end up leasing via a mailed check ?
I didn't think it was a pissing content, but, here we are. You are welcome to send people thousands of dollars with no recourse, and no recovery. I choose not to. Imagine if you had wired your money Fisker yesterday. What recouse would you have today???If we are using spouses in this pissing contest, mine has worked in securities and investments for 30+ years, and wiring money when we have purchased any vehicle is not and will not be on our conspiracy theory list.
Enjoy whatever you end up leasing via a mailed check ?
Agreed. I at least checked the mailing location before I sent it. However, just like I am doing, I can cancel my check, and get my money back.Email hijacking is a real thing that happens for wires/ACH sometimes. Of course someone could have just as easily told the OP to mail the check to a compromised or incorrect physical address.
Same here, most recently about 30 days ago.Crazy thing is I've bought two Rivians and had none of these issues the OP has had.
Yeah... no one is here for that contentI didn't think it was a pissing content
