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914World.com _ 914World Garage _ using escrow.com for car sale

Posted by: stecz Jun 2 2006, 09:11 PM

Has anyone used this service for the sale of a car.

I might have an overseas buyer (no funny business with checks that are too large, etc...) and they want to use escrow.com until I deliver the car to the shipping company.

anyone done this? what's the process? What are the risks?

John

Posted by: pib Jun 2 2006, 09:52 PM

I did some checking on this a while back, for a deal which turned out to be a total scam. I think the bottom line was that escrow.com is pretty much the only on-line escrow service that's licensed in California. My deal didn't go through, so I don't have any actual experience with the process, but I'm sure glad I took the time to check.

Good luck!

Posted by: drive-ability Jun 3 2006, 11:20 AM

I used them when I bough my V8 car. The seller and car were in Minnesota. It was a good deal for me. There were more rust issues but we worked it out. Without the escrow I would have had no leverage/protection at all.