Matronics Email Lists :: View topic

Matronics Email Lists
Web Forum Interface to the Matronics Email Lists

Get Email Distribution Too! FAQ Search Memberlist Usergroups Register

Profile Log in to check your private messages Log in

avionics escrow

Matronics Email Lists Forum Index -> RV10-List

View previous topic :: View next topic

Author Message

hotwheels

Joined: 01 Jun 2007
Posts: 240

Posted: Fri Nov 21, 2008 1:53 am Post subject: avionics escrow

Given the current state of the economy and recent experiences of Direct2 and several other vendors doing the old take the money and run ploy... I'm not about to risk many thousands of dollars to any seller without participation of a known quantity third party. 



I've searched through the archives and have read up on chatter regarding escrow for avionics purchases. Has anyone actually used escrow for avionics transactions out there? AOPA would seem to be a good first choice (I'll check). I've also seen Escrow.com mentioned, but anything with a .com in the name has me nervous. Maybe there are other well known escrow outfits to consider?



Wish I would have done this previously for both my engine and prop. The engine transaction fortunately worked out okay, but the my first (used) prop purchase did not and I got to buy it twice. Get it in writing and never trust that a mechanic has done AD homework for you. Lesson learned and school's out.



Thanks in advance for any responses.



Jay

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

stein(at)steinair.com
Guest

Posted: Fri Nov 21, 2008 7:31 am Post subject: avionics escrow

That's a pretty easy thing to do, and in fact something that shops have done

in the past. I know we've done that more than once. However, if you find

yourself a good and well respected avionics shop, you'll find that the top

notch guys actually don't take your money up front any more (since the

Chelton/D2A debacle that cost people dearly).  Anyway, it's not all that

uncommon to use some sort of escrow service, but in the end you'll find that

it's not cheap - the fees can be quite high.  The better deal is to order

your avionics from someone who won't charge you until they are ready to

ship...which there are a number of shops that do business that way.



My 2 cents as usual.



Cheers,

Stein



[quote]--

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

hotwheels

Joined: 01 Jun 2007
Posts: 240

Posted: Fri Nov 21, 2008 8:05 am Post subject: Re: avionics escrow

AIC Title (AOPA Member Services) said they will handle two Avionics vendors transactions for $250 total. That doesn't seem too much to pay for peace of mind. http://aictitle.com/



I'm not yet committed down this path and am still gathering data, but it looks promising. Maybe I'm being too paranoid, but once burned twice shy.



Jay

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

Bill Schlatterer

Joined: 09 Jan 2006
Posts: 195

Posted: Fri Nov 21, 2008 5:20 pm Post subject: avionics escrow

Buy from SteinAir or Stark Avionics and don't worry about it.   They have

been around a long time, sold thousands of units, and never stiffed anyone.

Steinair sent me about $10,000 in avionics before they billed me for it

while swapping out some units.  Never a doubt.  They are a known quantity!



Have no idea if their financials are good or not but their word is gold in

the RV community.



Of course that's easy to say now 



Bill S

7a Finishing

--

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

gwirrell(at)aerotronics.c
Guest

Posted: Mon Nov 24, 2008 6:56 am Post subject: avionics escrow

 	  Quote: 	
		  If I can put my 2 cents in as well, we all understand and are concerned

about what is happening with our money today. I agree with Stein thats
	


it's important to find a respected avionics shop. My concern would be

that if you are uncomfortable with the shop you are working with ( to a

point of having to have an escrow account ) I would also be concerned

about the quality of services you might receive. I guess what Im trying

to say is that the money is important ( and the top shops understand that

) but don't overlook the history and strength of the company you choose

to work with as well.

Gary


[quote]

 That's a pretty easy thing to do, and in fact something that shops have

 done

 in the past. I know we've done that more than once. However, if you find

 yourself a good and well respected avionics shop, you'll find that the top

 notch guys actually don't take your money up front any more (since the

 Chelton/D2A debacle that cost people dearly).  Anyway, it's not all that

 uncommon to use some sort of escrow service, but in the end you'll find

 that

 it's not cheap - the fees can be quite high.  The better deal is to order

 your avionics from someone who won't charge you until they are ready to

 ship...which there are a number of shops that do business that way.



 My 2 cents as usual.



 Cheers,

 Stein



>--

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

dlm46007(at)cox.net
Guest

Posted: Mon Nov 24, 2008 7:29 am Post subject: avionics escrow

Buying by credit card is in effect an escrow account. The card is billed and

the material is supposed to be shipped. If the time between payment and

delivery is short., the charge can be denied by the buyer for non delivery

or poor workmanship. If the time between purchase and delivery is large then

rejecting the charge becomes a little more difficult by the buyer. There is

also a fee involved . The supplier adds (stated or unstated) to the cost of

the transaction to cover the service fee from the credit card company.

Protect yourself as litigation is not the answer. Just ask someone who has

pursued litigation across state or worse country boundaries. IIRC there is

someone who is still pursuing an engine supplier across the northern border;

they may eventually get pennies on the dollar. 



--

- The Matronics RV10-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

Display posts from previous:

	Matronics Email Lists Forum Index -> RV10-List	All times are GMT - 8 Hours
Page 1 of 1

Jump to:

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum