2011 Lincoln MKS Twin Turbo AWD - $12k, Houston, TX

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Heading out in a bit to figure out how this works.

As far as transferring the funds, do we just use our banks as the middle man?

I'm guessing my bank tells your bank the funds are allocated, car and title shipped then funds transferred upon arrival?

Looks like 550 to ship open and 850 covered....not sure covered makes sense for an $11000 car.
 
FoMoCoSHO said:
Heading out in a bit to figure out how this works.

As far as transferring the funds, do we just use our banks as the middle man?

I'm guessing my bank tells your bank the funds are allocated, car and title shipped then funds transferred upon arrival?

Looks like 550 to ship open and 850 covered....not sure covered makes sense for an $11000 car.

Usually banks wont be that involved as they dont want the liability as an escrow agent.

Typically what I do is retain part of the vehicle until payment is in full. For example, you arrange shipping, on day of pickup, you provide half the amount as a deposit, once it is confirmed picked up, you send the other half, once I have confirmed all money has fully cleared, I overnight the title via fed ex.

Theres other ways, thats just one example.
 
FoMoCoSHO said:
Heading out in a bit to figure out how this works.

As far as transferring the funds, do we just use our banks as the middle man?

I'm guessing my bank tells your bank the funds are allocated, car and title shipped then funds transferred upon arrival?

Looks like 550 to ship open and 850 covered....not sure covered makes sense for an $11000 car.

Also, fyi for the warranty transfer process:

11A. TRANSFERABILITY: You may transfer the remaining coverage of the Vehicle
under this Agreement, if You pay Us a $75 transfer fee and if You or the transferee
of this Agreement initiates the transfer process and provides the following items to
any Ford or Lincoln dealership or Us at P.O. Box 6045, Dearborn, Michigan 48121
within 180 days of the vehicle sale:
(i) a letter, signed by You, transferring this Agreement to the transferee;
(ii) a statement of the mileage on the Vehicle at the time of transfer; and
(iii) the name and address of the transferee;
You may not transfer coverage if the Vehicle becomes a Branded Vehicle or is
repossessed. Transferred Agreements may not be cancelled.
 
Damn I was just through Louisville last Thursday. You like 300 or so miles from me. I'm enticed now

edit your in Houston now. Still enticed
 
BlueSHO said:
Damn I was just through Louisville last Thursday. You like 300 or so miles from me. I'm enticed now

edit your in Houston now. Still enticed

Houston is usually a super cheap flight from anywhere.
 
Follow this vehicle folks...i fear an intentional scientific engine failure is coming in the future...there may be a madman at the helm
 
FoMoCo best of luck on the new ride and hopefully it fulfills your expectations abroad and beyond. Z  :)
 
Sooo which car is going to be the one you are going to turn up until it goes kaboom?? How far can you turn up the wick on E85? Lol...

Congrats on the sale and purchase!!
 
StealBlueSho said:
Sooo which car is going to be the one you are going to turn up until it goes kaboom?? How far can you turn up the wick on E85? Lol...

Congrats on the sale and purchase!!
Thanks!

This one will end up being my project car/dd

 
SHOdded said:
FoMoCoSHO said:
Funds transfer initiated
Congrats, glad to see you & the Mrs work it all out!  And good luck!
I haven't bought a used car in about 17 years and never out of state or shipped...

I was a little anxious about the process at first but once everything got figured out it was actually pretty simple.

Jason was very helpful walking me through the process so I'm pretty excited about future online purchase options.

I'm super excited to have 2 EcoBeasts in the garage.
 
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