Ask Escrow Answers
Q&A for escrow buyers and sellers — 8 questions, 16 answers, 40 members
8
Questions
16
Answers
40
Members
10
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All Questions
Ask a Question10
votes
4
answers
4.2k
views
What happens if a vehicle doesn't pass the 10-day inspection period?
Hey everyone, I'm looking at buying a used Ford F-150 from out of state, and the seller suggested using Auto VIP Escrow on autovipe.com. The idea of having my funds held securely u...
12
votes
1
answers
1.5k
views
What documents should I expect to sign for an escrow car purchase?
First escrow deal and I want to know what paperwork is normal. So far I've been asked for ID and a purchase agreement. Is there anything else I should insist on before funding?
20
votes
2
answers
2.4k
views
What evidence do I need to win an escrow dispute over condition?
The car I received has rust the listing never mentioned. I've opened a dispute and want to make the strongest case possible. What does the escrow agent actually look at?
17
votes
2
answers
2.1k
views
Is escrow actually safer than just wiring the money to the seller?
If a direct bank transfer is instant and simple, why involve escrow at all and pay a fee for it?
I get that escrow adds a middleman, but for a private car purchase, what's the rea...
14
votes
1
answers
1.8k
views
Can I fund escrow with a credit card or does it have to be a bank transfer?
I'd rather use a card for the rewards and dispute protection, but I suspect escrow agents prefer wires. What payment methods do escrow services normally accept for a car purchase?
18
votes
2
answers
2.2k
views
Who pays the escrow fee — buyer or seller?
About to buy a car using escrow and neither of us is sure who's expected to cover the fee. Is it usually the buyer, the seller, or split down the middle?
And is the fee a flat rat...
22
votes
2
answers
2.7k
views
What happens if I never release the escrow funds?
Hypothetically, if I get the car and just don't click release, does the escrow sit there forever? Is there a point where it auto-releases, and can the seller force it?
I'm not try...
31
votes
2
answers
3.8k
views
How does an online escrow actually work for a used car purchase?
I keep hearing escrow recommended for buying a car privately, but I don't fully understand the mechanics. Where does my money go, and how does the seller know it's real?
Does the ...