Hi,
Im not that genious about the vehicle documents part, Since you are worried about the chaque, I will give you an advise about the cheque,
If your buyer obtains the lease from a bank most probably you will get a Pay order (bankers cheque) It is a 100% payment guarenteed method. If it s from CF, They might give you a Cheque (please chek with CF) which was issued from one of their bank accounts (it is not a Pay Order). Most probably It will be a crossed chq with "A/C payee not negitiable" crossing. It means it must be deposited to an A/C. If you want to encash it please ask CF to cancell all crossings ( ask them to write "A/C payee and all crossings cancelled" on the top of the chq and place their stamp and sign. But I highly doubt about it cz they dont issue any open chques due to various reasons. If they refuse to cancell the crossing, You will have to deposit it to an A/C. The Cheque will be drawn under your name. If you have a current A/C in any bank, you can deposit the cheque to into it without a prob. But if you dont have a Current A/C and you have only savings A/C, please talk to your branch manager and check with him wether he can accept it to the Savings A/C. The reason is bankers dont accept cheques to savings A/C as a practice. you will have to provide proofs to the bank to confirm the payment.
If you are depositing the chq in the same bank which it has been issued from, you will get the credit immediatly( since most of SL banks are online now)If it is a different bank, If you deposit it before the banks clearing cut off time, you will get the credit on the following working day at around 2 30 -3. 00 PM.
Hope you are clear about Chques....