Finalizing the Sale

Upon offer acceptance or placement of a deposit at the listed asking price, both the buyer and seller will receive each other’s contact information via email. Full payment must be received within seven (7) days of the commitment deposit being placed. Failure to do so may result in cancellation of the transaction. Extensions may be granted on a case by case basis for shipping or extenuating circumstances.

Reach out to the seller

Reach out to the seller as soon as possible to begin the process of finalizing the deal off the platform. Although the deal is handled off of the platform, we will be in contact with both the buyer and seller, in the event of any questions or concerns.

View the vehicle in person

If possible, we always highly recommend purchasing a flight to go view the vehicle in person before purchasing, or take a trailer to pick the vehicle up. Viewing the vehicle in person will allow you to inspect all aspects of the vehicle.

Shipping

If viewing the vehicle in person is not an option, discuss shipping arrangements with the seller of the vehicle to have transport pick up the vehicle and have it shipped to your location.

Payment & documentation

If there is an outstanding loan on the vehicle, the buyer and seller should first agree on how the loan will be paid off and outline the exact next steps before completing the sale.

• If the seller has the funds, they should pay off the loan as soon as possible and provide written proof from the lender confirming the balance has been satisfied.
• If the seller does not have the funds, the buyer may arrange to pay the remaining loan balance directly to the lender, with the remaining purchase amount paid to the seller.

To protect both parties, an accurate Bill of Sale should be created that clearly documents the agreed-upon terms. We recommend checking your state DMV for approved Bill of Sale templates and any additional requirements.

The vehicle and title should only be released once full payment has been received by the seller. If the transaction is completed remotely, the seller should send the signed title to the buyer using a tracked courier service after payment is confirmed.

Deal completed & seller payout

Once the deal has been successfully completed, and the buyer has taken possession of the vehicle. We will issue a payout to the seller of the vehicle for 25% of the Commitment Deposit we collected from the buyer, all payouts are safely distributed through our payment processor, Stripe.

Scenarios & outcomes

• Seller backs out of the sale - If the seller backs out of the sale, the buyer will immediately receive a full refund for the Commitment Deposit. Sellers who back out of accepted offers may lose their privilege to list on our platform, with repeat violations resulting in a permanent ban.
• Buyer backs out of the sale - If the buyer backs out of the sale, the buyer will not be eligible for a refund, and the seller of the vehicle will still receive 25% of the Commitment Deposit we collect from the buyer.
• Vehicle was largely misrepresented - We work as hard as possible to minimize, if not, eliminate any chance of a scenario like this from occurring. However, in the event of a misrepresented vehicle, the buyer of the vehicle will receive a full refund for the Commitment Deposit and the seller will be banned from our platform.