Vehicle escrow service - Vintage Mustang Forums
Vintage Mustang Forum
HomeForumGalleryClassifiedsAbout UsAdvertiseContact Us
» Auto Insurance
» Featured Product
Go Back   Vintage Mustang Forums > General Discussion > Vintage Mustang Forum
Vintage-Mustang.com is the premier Ford Mustang Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools
Old 01-16-2013, 08:50 PM   #1 (permalink)
Senior Member
 
Vince in Philly's Avatar
 
Join Date: Aug 2006
Location: Philly suburbs
Posts: 648
Default Vehicle escrow service

Anyone here ever use a vehicle escrow service to complete a long distance car purchase? I guess the idea would be that you send your funds to a third party, who then verifies payment and instructs the seller to ship the car. Once the car is received by the buyer, the third party releases the funds to the seller.

Any other recommendations on how to complete a safe long distance auto purchase transaction?
__________________
1965 fastback - 289-4V, auto, deluxe interior, power steering, power brakes, air conditioning

Vince in Philly is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 01-16-2013, 10:18 PM   #2 (permalink)
Senior Member
 
Join Date: Jun 2004
Location: Columbia, SC
Posts: 6,786
Default

Yes, fly out to look at it. That's how I got my '95. Flew to VA and drove it home. If it was junk, I was screwed since it was a one way ticket and the owner picked me up 60 miles from the airport!
__________________
2015 GT Fastback - Deep Impact Blue On order!
1995 GT convertible - Black (Son's ride)
1966 GT Fastback under restoration- Code T Red
with White LeMans stripes.
ScottsGT is offline   Reply With Quote Quick reply to this message
Old 01-17-2013, 07:02 AM   #3 (permalink)
Senior Member
 
Vince in Philly's Avatar
 
Join Date: Aug 2006
Location: Philly suburbs
Posts: 648
Default

Quote:
Originally Posted by ScottsGT View Post
Yes, fly out to look at it.
In my example, I'm working off the assumption that a pre-purchase inspection has already been completed. At that point, I'm wondering what other buyers have done to make sure they receive the car and title after sending money.

I agree that picking the car up in person with certified funds is the most secure way. This is realistic for a car within a certain distance that can safely make the trip home on good roads. What about a car that has to be transported, either because it can't make the trip, or it's too far away, or the road and weather conditions are poor?
__________________
1965 fastback - 289-4V, auto, deluxe interior, power steering, power brakes, air conditioning

Vince in Philly is offline   Reply With Quote Quick reply to this message
Old 01-17-2013, 07:21 AM   #4 (permalink)
Senior Member
 
mjb1032's Avatar
 
Join Date: Oct 2010
Location: Southeast, MA
Posts: 1,595
Default

What some others have done; befriend a VMF'er that's local to the car in question and have them diagnose and photo it.
...sort of have them be a go-between.
__________________
Slowly restoring and improving dads '68 289 Coupe...
mjb1032 is offline   Reply With Quote Quick reply to this message
Old 01-17-2013, 09:42 AM   #5 (permalink)
Senior Member
 
GT350R Klone's Avatar
 
Join Date: Oct 2008
Location: Sacramento area
Posts: 1,948
Default

You could draw up a contract and have a lawyer handle the transaction or escrow.com, which is used for eBay transactions.
GT350R Klone is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Vintage Mustang Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


Powered by vBadvanced CMPS v3.2.2

All times are GMT -4. The time now is 11:11 AM.


Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.2 ©2009, Crawlability, Inc.