Automobiles and Phony Escrow Scams
 

We are often asked, "Should I use an escrow service required by the seller?" Our Answer: Be wary of escrow recommendations or requirements from sellers. They may have ulterior motives for steering you to certain fraudulent sites. Always check the escrow service out yourself. There are reasons why an escrow account might work in your favor, BUT only if YOU choose the escrow account to act as a buffer in case goods or services are not received should you trust this approach. Since an escrow service benefits you, if this approach was suggested by the seller, we think you should stay clear of any deals where the seller requires an Internet-based escrow service. With so many car / escrow scams out and about, we say definitely work alternative arrangements such as one of the following:   BEST OPTION unless this is a rare item that can't be found elsewhere, pay a little more if you must and shop locally. find your own escrow service to hold the money on your behalf for them while waiting for the car to arrive. Insist on using a credit card, so you are in control if goods are not delivered as promised.   Always verify title history using the VIN number (try CarFax.com). This helps but is not a certainty. In general, we say shop locally.

 
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