Good question.
When I bought my last car, back in 2007, the dealer told me, after I had given him a bank check made out to the dealership, that I could have had the bank check made out to me and endorsed it over to the dealership in the way you described. This might have, depending on the bank's policy, saved me the $10 fee the bank charged me for the bank check. I don't know if my bank would have eliminated the charge, as I never asked nor have I asked them to issue another bank check for any reason.
But it's good that you are pursuing this now, before you get the bank check. Two phone calls, one to the dealer and the other to your bank, will tell you what to do.
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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