wt-europe.com

by Jason Sun Jul 06, 2014 7:03 am

http://wt-europe.com

MANCHESTER TECHNOLOGY CENTRE
OXFORD ROAD, MANCHESTER
UNITED KINGDOM
M1 7EF
+44 (0) 702-403-8018

Complete Escrow and Shipping Service

Usually we take part at the selling process by offering our complete escrow and shipping services. We are not just a regular escrow service, we have the infrastructure to conduct authorized pre-buy inspection on all type of vehicles.

There are a few situations that we currently handle:

- The seller and the buyer have already agreed and discussed regarding the transaction and they
want to use our escrow (with vehicle inspection) and shipping services; the funds are transferred to
the escrow account but the seller will be paid at the end of the transaction;

- You are a seller/buyer and you want to sell/buy a item; after analyzing your case we will present
our offer; usually the transaction takes place like in the case above;

- There are cases (in which the offer is too good) when we buy a vehicle directly from the seller; in
this case the seller is paid the same day.

Vehicle Escrow in 5 simple steps

1- The Buyer and Seller agree to terms.
After registering (click here to start a vehicle Escrow Transaction) at WT-Europe.com, both parties agree to the terms of the transaction, which includes a description of the vehicle, sale price, number of days for the Buyer's inspection of the vehicle.

2- The Seller hands over the vehicle + vehicle documents for inspection.

The vehicle is picked up from the seller and WT conducts a full pre-buy inspection of the vehicle at one of our partner services to confirm/infirm the condition stated by the seller in the"Vehicle Delivery Note" under comments filed. Both buyer and seller are informed about the vehicle condition report (see sample).

3- Contract of sale and payment.

If the vehicle is accepted for an Escrow transaction WT will conclude the pre-contract of sale (see sample) which will be signed by seller, a company representative and it will be forwarded to the buyer for personal signature, then the buyer must transfer the funds into the WT Escrow Trust Account. Once funds are cleared we start the shipping process. We have our own shipping company so the delays are as minimum as possible. You will be able to track your shipping online using the tracking number provided to see the current status of the shipment

4- The Buyer receives, inspects and accept or refuse the vehicle.

The buyer receives the vehicle and he gives his final accept on the transaction. The buyer has a set number of days to inspect the vehicle and the option to accept or reject the vehicle.
*What if the Buyer doesn't accept the vehicle?
Read about issues related to merchandise return at FAQs

5- The Seller is paid by WT from the Escrow account.

In case of a successful transaction the funds from the escrow account are transferred to the seller. The seller will receive the amount transferred by the buyer from which we will deduct the tax for the services used during the transaction.