First Time Buyer...Updated 03/06/2006
This post is intended to be helpful to the first time buyer of a motor home. For those of you who don't fall into that category or believe this post is incomplete or off the mark, do us all a favor, a...
Forum Discussion
Judgejulius015 wrote:
What if a first-time buyer is buying a Used RV? The process for that does not sound simple at all.
I have financing on a 50k 4 slide-out Fleetwood Excursion '06 M39L. The seller is using Amazon Simple pay and needs me to wire transfer funds through Amazon for a 5 day inspection period upon delivery. At which point if I agree to the sale the funds will be dispersed.
How does this work if I have financing? Has anyone been through Amazon Simple Pay for secure wire transactions?
Should I find a broker to help me with this?
Are you sure that they will not disperse funds before you give the ok, their web site does not say that they do that with simple pay, it just gives the seller a way of giving you quick access to the simple pay function. I would not wire any money before inspecting the RV and then I would do the transfer at a bank when I see a clear title. There are too many things that can go wrong with a wired payment in advance of the deal being finalized. Here is what Amazon says about Simple Pay:
What Is Amazon Simple Pay?
Amazon Simple Pay is a set of payment-only products that allows your customers to use the payment information in their Amazon accounts as a payment method. If you don't need Amazon's end-to-end checkout pipeline but still want to enable your customers to use their payment information already on file at Amazon, use Amazon Simple Pay.
Amazon Simple Pay provides a way to easily accept Amazon Payments on your website. All that is required to integrate is some basic knowledge of HTML.
You can accept payments in one of two ways:
Offer an Amazon Simple Pay button that users click to send you money using Amazon Payments.
Offer Amazon Payments as payment method on your payment page.
Amazon Simple Pay Standard is an easy way to add these methods to your website. When you add the Amazon Simple Pay Standard Button, your customers can pay either by clicking an Amazon Simple Pay Standard button or by selecting Amazon Payments as their payment method.
Your lender should be able to help you with this deal.
Ray
