Payment Options
How money moves in a Fast Auto Exit transaction
Two separate money flows. The seller-buyer transaction is direct. Our match-making commission is invoiced separately by us to each side.
The seller-buyer payment
After you and your matched buyer agree on a final price, the buyer pays you directly. The payment method is between you and the buyer. Common options:
- Domestic wire transfer. Direct bank-to-bank. Fastest, cleanest, no fees beyond standard bank costs. Most common for transactions $50,000 and up.
- Certified funds (cashier's check). Acceptable for smaller transactions; standard hold periods at receiving bank.
- Third-party escrow. Escrow.com or a similar service holds the funds and the title until both sides confirm the transaction. Adds 0.5 to 1 percent in escrow fees but useful when neither party knows the other.
- Combination payment with lien payoff. When the seller has an active loan, the buyer wires the lender's 10-day payoff directly to the lender and the balance to the seller. Both confirmations land same day.
Fast Auto Exit does not touch the purchase funds. We are not a payment processor, escrow agent, or counterparty to your sale. The buyer pays you in whatever method you both agree on.
The match-making commission
Separately, Fast Auto Exit invoices a match-making commission to both the seller and the buyer at closing. The amount, split, and timing are documented in the commission disclosure both parties signed before any introduction was made.
Commission invoices are sent via Square. You receive an emailed invoice link and can pay by:
- Credit or debit card
- ACH bank transfer
- Apple Pay or Google Pay
Invoices are due within 7 days of issue. We do not deduct our commission from the purchase price; the commission and the sale price are independent money flows.
Why this structure
Two reasons. First, it keeps us out of the AML and money-transmission rules that apply to anyone who actually moves vehicle purchase funds. Second, it removes any incentive on our part to influence the price - we are paid the same commission regardless of what the seller and buyer agree on. We have no skin in the price negotiation, which makes us a more neutral facilitator.