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the dealer will not be able to cut a check for the car unless it is in their possession. But they may make a deal and allow him to turn it in just before he leaves and pick up a check at the same time, or if they have a need for the car (ideal) they could probably get him a loaner car for the next couple of days.
No, that would not be unreasonable, dealers deliver and move cars constantly. I would think with such a new car they will do very little inspection.