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Vehicle escrow question

Vehicle escrow question

Old Sep 12th 2016, 8:48 pm
  #1  
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Hi everyone

Our lawyer is currently putting together our E2 application (using all the information we have provided to them).

As you may be familiar USCIS want E2 visa applicants to show that their money is at risk and one of the main ways to do this seems to be to put money into escrow.

About two months ago we started the process of drafting a contract (along with a few other contracts for "general merchandise" from other sellers) to buy a vehicle from a Ford dealer based in Orlando but long story short after 6 weeks the sales person we were dealing with "left" and it turns out we were strung along - the dealership don't use escrow agreements.

So my question is this:

How much weighting does USCIS put on having funds at risk in an escrow (frankly it would be so much easier and much less bother to just to walk into a dealership with cash) and does anyone know a dealership in southern florida who accepts escrow?

thanks and have a good day!

M
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Old Sep 12th 2016, 9:02 pm
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Default Re: Vehicle escrow question

Are you looking for Southern Florida or are you looking for Orlando?
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Old Sep 12th 2016, 9:19 pm
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Default Re: Vehicle escrow question

I think you are confused. Escrow accounts are used for buying real estate or, as is specifically relevant to an E-2 visa, high value transactions such as buying a business where the sale contract has contingencies, such as the issuance of a visa to the would-be buyer.

No car dealer is going to park a car in the corner of their forecourt waiting to see if money in an escrow account is released several months later.
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Old Sep 12th 2016, 9:24 pm
  #4  
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Default Re: Vehicle escrow question

Yeah, I'm with Pulaski. No dealer is going to bother. Just turn up and drop some cash or a car loan to build up credit history.

USCIS just want to see you bury a lot of money into a business and have funds to cover your personal set up costs, they don't care if it's in escrow for that or not as long as it's liquid.
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