Has anyone in the group ever used Escrow.com when buying or selling a car?

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19692000survivor
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Has anyone in the group ever used Escrow.com when buying or selling a car?

Post by 19692000survivor »

Has anyone in the group ever used Escrow.com when purchasing or selling a vehicle? If so can you tell me the pros and cons of your experience?
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spl310
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Re: Has anyone in the group ever used Escrow.com when buying or selling a car?

Post by spl310 »

A lot of scams refer to that. Be careful
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Re: Has anyone in the group ever used Escrow.com when buying or selling a car?

Post by redroadster »

US Bank is national , if you and the seller has an account they take $ from the buyer and put into the sellers account, there's no transfer between different banks so no 3 day delay if your together in the same place , like picking up the car
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19692000survivor
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Re: Has anyone in the group ever used Escrow.com when buying or selling a car?

Post by 19692000survivor »

Thanks
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Re: Has anyone in the group ever used Escrow.com when buying or selling a car?

Post by wineguy »

Be very cautious when sending/receiving funds from any unfamiliar website.

if you are cautious, here are the best options.
1. Wire Transfer to your bank - wires transfers are usually confirmed within 24 hours
2. Cash - at the time the car is picked up.
3. Cashiers Check - Buyer can Fed-ex Cashiers Check to you, your bank will put a 5-7 day hold on the check to confirm its validity. Don't release car or title until check is verified.
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