Vehicle Escrow.
If you want to buy a used car, it is a huge expense. If you buy a car online, the element of risk is increased. This is where we are here to help.
As a used car buyer, if you want to buy a car online, you need protection to ensure you get what you paid for. It is commonplace, that an otherwise seemingly good vehicle on the outside can have major internal issues. In some cases, these faults could cost you even more than you paid for the car to put right. Doing a vehicle inspection yourself will only get you so far. The sensible option is to have a mechanic look over the car. However, this is not always possible before you buy the car. Shipping is another factor you need to consider. If the car does not arrive in the same condition it was when it was purchased; there may be little recourse in getting your money back. This is very often the case if you buy a used car.
Both the Buyer and the Seller benefit from using Escrow.com as a neutral third party to monitor and transact the exchange of the payment and the vehicle.
Peace of Mind for Vehicle Sellers
The Buyer sends the agreed-upon payment to Escrowlife. After verifying funds, we alert the Seller to send the vehicle to the Buyer. Protected from fraudulent checks and money order scams, the Seller has peace of mind knowing funds are behind the Escrowlife shield.
Confidence for Vehicle Buyers
As the buyer, you get the confidence that the car or vehicle is exactly what you paid for. If it isn't, ship it back to the seller and we will refund your money, straight back to your wallet.
Low Fees
The low cost of our secure auto escrow service is either paid by the Buyer, the Seller, or shared between them.
Vehicle Amount | Escrow Fee |
|---|---|
$0 - $5000 | 3.25% ($10.00 minimum) |
$5000.01 - $25,000 | $162.50 + 0.26% of amount over $5000 |
over $25,000 | 0.89% |
Transacting a car sale or other vehicle sale online involves the exchange of large sums of money between potentially unknown parties. Avoiding fraud is imperative for both buyers and sellers. Fortunately, Escrowlife's simple 5-step process ensures money transfer and vehicle delivery with every sale. Escrowlife will ensure every party receives what was agreed on, every time.