Car & Classic Support

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Escrow flow

How it works

Car & Classic is the only online auction to provide a single, safe payment mechanism for both the Buyer and Seller. The Buyer's funds are stored securely in Car & Classic's escrow holding account and the seller has proof of funds held before arranging a vehicle transfer - absolutely key for peace of mind when selling online.

  1. The seller sets up an auction account Sellers set up an auction account and provide bank details of where the sale funds should be sent.
  2. Buyer transfer funds Once the auction ends the buyer transfers the purchase price in full to the Car & Classic escrow holding account before being put in touch with the seller.
  3. Buyer and seller organise collection The buyer and seller can organise collection or delivery once the funds have been securely received into Car & Classic's escrow account.
  4. Agree transfer of the funds The buyer and seller both confirm they are happy to transfer the funds through their Car & Classic dashboards and seller's funds are released to them immediately.
  5. The vehicle is transferred The seller receives the funds and the buyer receives the keys and vehicle paperwork.
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