Deposits in Bank Escrow for Your Protection

Discussion in 'General Motoring' started by George Orwell, May 31, 2009.

  1. It's bank escrow for deposits on special-order vehicles or delayed
    deliveries where the dealer has to obtain a car from a another car lot.
    Either a bank escrow, no deposit handshake deal or no deal. Do not trust
    any dealer, including Ford, with holding your deposit. You could be left
    high and dry with your deposit gone and no car.

    Bank escrow is the third party referee that holds your money deposit and
    releases it to the dealer when he turns over the keys to you.

    Keep in mind that while Ford is the stongest American car maker, it may
    become vulnerable when its parts suppliers go down after Monday's GM
    bankrupcy. If they can't make that special order car you want, you just
    might wind up with your tongue hanging out. No escrow, no deal.

    Il mittente di questo messaggio|The sender address of this
    non corrisponde ad un utente |message is not related to a real
    reale ma all'indirizzo fittizio|person but to a fake address of an
    di un sistema anonimizzatore |anonymous system
    Per maggiori informazioni |For more info
    https://www.mixmaster.it
     
    George Orwell, May 31, 2009
    #1
  2. George Orwell

    Canuck57 Guest

    That is why you use a credit card. And at the first sign of trouble, call
    the credit card company to dispute the charge.
    Yep. It isn't just car companies either. Vacations and airlines is
    another.
    I would protect myself from ANY business, especially GM & Chrysler.

    Think, you could buy a GM today and if they didn't deliver and the dealer
    gets the axe tomorrow you could be SOL.

    Ditto warranty and repalcement parts. Will you be able to get an alternator
    or water pump for that chevy in 3 years?
     
    Canuck57, May 31, 2009
    #2
  3. George Orwell

    howard Guest

    credit card protection usually has a time limit.

    make sure you check with the CC (lots of new rules coming) to see how long
    your
    deposit is secure and refundable upon non-delivery of the promised
    merchandise

    h
     
    howard, May 31, 2009
    #3
  4. George Orwell

    RealCanadian Guest

    you guys are so smart.,..wy are you ruling the country....cancuk you suck
     
    RealCanadian, May 31, 2009
    #4
  5. George Orwell

    Canuck57 Guest

    Yep. You don't want to wait too long if you are getting dicked around.
    Good idea. 1 ounce of prevention is worth a ton of cure.
     
    Canuck57, May 31, 2009
    #5
  6. George Orwell

    Canuck57 Guest

    I have a handycap in getting elected. I am far too honest. And would fire
    people left and right for corruption, waste etc. Probably would hack the
    government budget in 1/2 overnight. And people would not like to hear the
    truth.

    I wouldn't get elected because people are too shit scared in facing reality
    and dealing with the real issues.
     
    Canuck57, May 31, 2009
    #6
  7. How many people have a credit card with a limit high enough to buy a
    decent car?

    Perce
     
    Percival P. Cassidy, Jun 1, 2009
    #7
  8. George Orwell

    Ed Pawlowski Guest

    For a deposit, you only need $500 or so. With two cards, I could buy a
    fully loaded Escalade though.
     
    Ed Pawlowski, Jun 1, 2009
    #8
  9. George Orwell

    Canuck57 Guest

    Depends on your credit rating and/or if are busy paying others to manage
    your cash flow. eg. living well with in your means has its benefits.

    Plus, they don't like putting the whole vehicle on the credit card. There
    is aa 2% fee or there abouts. Pays enough to have someone verify the
    cheque. I mean they would charge the whole thing, but it is 2% off their
    bottom line.

    Ditto buying a house. I would love to buy a home if the price was the same
    as cash, my card kicks me back 1% and no fees.
     
    Canuck57, Jun 1, 2009
    #9
  10. George Orwell

    who Guest

    Ford isn't in such great shape.
    Several years ago Ford borrowed big money, while money could still be
    borrowed.
    Ford has been running big losses and that pile of borrowed money has
    shrunk significantly. Ford will have to pay it back.
    Then there's the issue of Ford's union contracts not being as good as at
    GM & Chrysler.
    Tune in on Ford later!

    http://www.dailynews.com/ci_11582605
     
    who, Jun 1, 2009
    #10
  11. George Orwell

    Jeff Guest

    When I bought my Ford, the deposit ($500) went on the credit card.

    Jeff
     
    Jeff, Jun 3, 2009
    #11
  12. George Orwell

    Jeff Guest

    Does this matter for this thread? Ford is not the dealer. The dealer
    is a different company.

    Jeff
     
    Jeff, Jun 3, 2009
    #12
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