Can't say if it standard or not but I do think it is probably expecting a bit much for a dealer to pay you at the time, especially the big companies like Turners where the staff probably don't have access to bank accounts...
I think as long as you walk away with the agreement and that agreement says something to the effect of
"we have agreed to buy your car" and
" we have taken possession of your car" and
"we will pay you XXX within XXX days" then
you should be covered and will have some form of redress if it all goes badly. An organisation like Turners though would be far more concerned about their brand image to really consider this being a potential outcome - some of the smaller dealers you would definitely want paperwork
I think as long as you walk away with the agreement and that agreement says something to the effect of
"we have agreed to buy your car" and
" we have taken possession of your car" and
"we will pay you XXX within XXX days" then
you should be covered and will have some form of redress if it all goes badly. An organisation like Turners though would be far more concerned about their brand image to really consider this being a potential outcome - some of the smaller dealers you would definitely want paperwork
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