What is escrow?

Escrow is a secure payment system designed to protect both buyers and sellers. It refers to a neutral third party that holds funds before they are transferred from one party in a transaction to another. This third party holds the funds until both buyer and seller have fulfilled their contractual requirements.

In our case, funds generated from a sale are held in our secure third-party account that is separate from Car & Classic to guarantee 100% payment protection and are only released once both buyer and seller are happy and the buyer confirms they have received the vehicle.