CONTENT

  DEPARTMENTS



  DETAILS
Legend for Icons
 Article    Q&A

 Podcast  Video

 Blog  Discussions

PDF    Powerpoint
BankingQuestions.com Web

  Home >> Scams/Fraud  
Hold Account for Vehicle Purchase

I want to buy a car in another state from a private person. Is there a way to put the money in an account that would release it to the seller once the car reaches the buyer? This would give protection to both seller and buyer.


You'll have to do a search on an escrow service. An escrow service will do exactly what you are asking: holding the funds until delivery is confirmed.

We do not recommend one recommended by the other party unless you thoroughly review them. There have been internet scams where the recommended escrow company was a party to the scam.

Published on BankingQuestions.com 11/17/09