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Pat Goss' Tips and Expert Advice

Escrow Fees

CARCHEX.com customers can utilize an online escrow service through Escrow.com when buying or selling a car. Escrow.com offers professional escrow services which can protect the individuals involved in the sale of a car. Utilizing this service will result in some fees, but the potential to avoid huge hassles in the transaction makes the price worth it. If you use the escrow services through Escrow.com you will be charged a fee based on a percentage of the purchase price. For example, a car purchased for $25,000 will result in an escrow fee of approximately $215, with a possible additional charge for the disbursement of the funds at the conclusion of the transaction. The cost of the disbursement depends upon the method, whether it's via check, wire transfer, or ACH credit. When you compare the potential monetary loss involved when conducting a financial transaction with a stranger, however, the small fees associated with using a professional escrow service are certainly worth it

Read this complete tip | Tip Archives

Goss' Garage Article of the Week

ABS Can’t

Gene, a long-time viewer of Goss’ Garage recently asked for help in solving what he thought was a serious brake problem. During the last big snow storm he was trying to stop near the bottom of a hilly, icy, snow packed street when his ABS brake system didn’t work — at all! As a result his right front wheel kissed the curb causing several hundred dollars in suspension damage. Since then he has been to three shops trying to find the cause of his one-time lack of ABS but no one has been able to find a problem.

Read this complete article | Article Archives


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