Online Escrow Services – Be Safe
Selling your vehicle online yourself can put extra money in your pocket. But when it comes time to get paid for your vehicle, safety is a primary concern.
Do you accept a personal check? Not on your life!
What about a cashier’s check? These used to be safe, but unless you confirm its authenticity with the issuing bank, I recommend that you treat cashier’s checks like personal checks: wait for funds to clear (a week or more) before you release the vehicle to the buyer.
I understand that waiting a week before completing a deal is not practical for most people. That’s why I recommend using an online escrow service. The following is from my book, HELP! I Gotta Sell My Car NOW!:
An escrow service acts as a middle-man, holding the money until the loan is paid off, then releasing funds in a safe manner.
These services are reasonably priced, especially when the fee is split between buyer and seller. They offer a level of safety that is priceless.
There are online escrow services that protect both buyer and seller, but you have to be on guard against fraudulent ones. Do not accept just any escrow service recommended by the buyer. When in doubt, use a reliable and licensed escrow service.
Escrow.com
I recommend Escrow.com. This is one of the first escrow services that responded to the growing trend of online buying and selling in the 1990s by providing much needed safety and security. They acted as a middle-man protecting everyone’s interests.
If you have any doubt about the buyer or their form of payment, use an escrow service. But not just any service. 
is one of the oldest, most reliable online escrow services available.
has the recommendation of the BayAreaCarGuy!
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L. James Johnson’s new book, HELP! I Gotta Sell My Car NOW! New Rules for Selling Your Vehicle Online! is available for download at BayAreaCarGuy.com.
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