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.
Please note:
Car & Classic's escrow service is reserved exclusively for auction winners and Make an Offer listings. If payment into escrow is requested for a classified advert, do not proceed. If you have any concerns, contact us immediately at support@carandclassic.com.