It's bank escrow for deposits on special-order vehicles or delayed
> deliveries where the dealer has to obtain a car from a another car lot.
> Either a bank escrow, no deposit handshake deal or no deal. Do not trust
> any dealer, including Ford, with holding your deposit. You could be left
> high and dry with your deposit gone and no car.
That is why you use a credit card. And at the first sign of trouble, call the credit card company to dispute the charge.
Bank escrow is the third party referee that holds your money deposit and
> releases it to the dealer when he turns over the keys to you.
Yep. It isn't just car companies either. Vacations and airlines is another.
Keep in mind that while Ford is the stongest American car maker, it may
> become vulnerable when its parts suppliers go down after Monday's GM
> bankrupcy. If they can't make that special order car you want, you just
> might wind up with your tongue hanging out. No escrow, no deal.
I would protect myself from ANY business, especially GM & Chrysler.
Think, you could buy a GM today and if they didn't deliver and the dealer gets the axe tomorrow you could be SOL.
Ditto warranty and repalcement parts. Will you be able to get an alternator or water pump for that chevy in 3 years?