Need some input (Financial)

This is a discussion on Need some input (Financial) within the A Brief History of Cprogramming.com forums, part of the Community Boards category; I'm going to be purchasing a streetbike in the near future, and im posed with a VERY nice option. There ...

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    RoD
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    Need some input (Financial)

    I'm going to be purchasing a streetbike in the near future, and im posed with a VERY nice option. There is a bike located in california, and the owner has agreed to ship it to me complete with title and everything free, the bike costing 3500.00.

    As i am concerned about getting scammed, the seller suggested a escrow company. The idea is i pay the company, and they place the money in his bank account with a freeze hold on it. So he can see the money but not use it.

    I have 7 days from the time i recieve the bike to inspect it, test it, etc...at the end of those 7 days, or before, i call the company and say yay or nay. If i say yay the money is released to the seller, and all is well. If i say nay, arrangments are made to ship the bike back and i am refunded minus a small service fee.

    the idea sounds cool, this is the escrow company he suggested(which is why i want input):

    www.do-escrow.com

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    Registered User linuxdude's Avatar
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    I can't find anything on www.bbb.org and www.bizrate.com which isn't a good thing

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    RoD
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    whats a good escrow or similar company? I'm calling the shots or im not buying it.

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    Registered User axon's Avatar
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    whats the service fee? and who pays for shipping back??

    BTW, I'm sure you could find something closer to home...as you know RoD, things that seem too damn good....well you know the rest.

    some entropy with that sink? entropysink.com

    there are two cardinal sins from which all others spring: Impatience and Laziness. - franz kafka

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    RoD
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    its not too good, actually a fair price. He would pay for shipping back, not me. A friend spoke with his dad (a lawyer) and told me that i should talk to my bank, but as far as escrow companies a good one would be www.escrow.com

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    Much older and wiser Fountain's Avatar
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    Yeh, thats the one Ebay uses right?

    Probably the biggest and/or safest.
    Such is life.

  7. #7
    5|-|1+|-|34|) ober's Avatar
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    Good luck with the shipping. My roommate once shipped his bike from Michigan to California. It showed up without the helmet and with some scratches. Shipping companies do not care.

  8. #8
    Registered User axon's Avatar
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    >>Shipping companies do not care.

    agreed. I had some friends work at UPS...and I've heard MANY stories of the "package handler". I ordered a nice set of rims once, and FedEx managed to bend one through the delivery.

    some entropy with that sink? entropysink.com

    there are two cardinal sins from which all others spring: Impatience and Laziness. - franz kafka

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