Fake escrow sites are big business. The news in this MSNBC article is that instead of the garden variety eBay merchandise scam, big ticket items are a hot scam commodity. It’s all just a clever way to separate you from your hard earned money.
Maybe there really is a sucker born every minute. Why would you buy a car over the Internet sight unseen?
Try CarMax. You can shop over the Internet, then pickup the car at a showroom. No shady escrow sites or mystery sellers involved.
I’ve had great experiences at Carmax, both buying and selling. Just last night, in fact, I sold a car to Carmax and got about $1000 more than I was expecting.