How Peach Cars Protects Buyers and Sellers with Secure Escrow Payments

Nairobi is a hub of many car businesses. There’s no shortage of used cars to buy or sell, and the listings are everywhere – from websites to social media. But do you know what’s hard to miss? Stories of fake listings, payment frauds, counterfeit documents, or cars that don’t live up to advertised promises. 

Unfortunately, it happens, and even well-intentioned deals can go sour due to misunderstandings or hidden flaws. It’s for this reason that Peach Cars built a system where everyone is kept safe, happy, and confident. The secret? Escrow payments – an effective financial safety net that protects both buyers and sellers.

But what’s an escrow payment?

What is Escrow and How Does it Work?

Escrow is a financial tool. It’s an arrangement where a neutral third party holds funds or assets on behalf of two parties involved in a transaction, at least until both ends meet their end of the deal. 

This kind of arrangement provides several layers of security:

1. Neutral Middleman: The escrow agent acts as a neutral intermediary (more like a referee who ensures everything is fair) ensuring that neither party has control over the funds until all conditions of the agreement are met.
2. Conditional Release: Your money stays put until you or the seller are both satisfied with the transaction, upon which it will be released. This ensures that the buyer receives the goods or services as agreed, and the seller gets paid.
3. No Getting Scammed: By holding the funds in escrow, the risk of getting scammed is greatly minimized. The buyer can be confident that their payment will not be released until they receive what they paid for, and the seller knows they will be paid once they meet the terms.
4. Dispute Resolution: If any disputes arise, the escrow agent can step in and ensure that the funds are only released when the issue is resolved, protecting both parties from potential losses
5. Transparency: Escrow accounts provide a clear record of the transaction, making it easier to track the progress and ensure that all terms are met before the funds are released.

Here’s a scenario: you've found your dream car listed on Peach Cars, but the seller is understandably wary of releasing it before receiving payment. Or let’s say you're selling your car through Peach Cars, and you’re hesitant to hand over the keys until you're certain the funds have cleared. There’s tension on both sides. 

To streamline this process and eliminate any uncertainty when buying or selling a car through our platform, Peach Cars will act as a secure third party and hold the funds until the car's status and ownership are verified. That is, the buyer confirms they are satisfied with the vehicle (which may include a test drive and inspection), and the payment is confirmed. Only then are the funds released to the seller, and the keys and necessary documentation are exchanged.

This process works well because:

1. Your Funds are Held Securely: When you buy through Peach Cars, your payment isn’t sent directly to the seller. Instead, it’s held in an escrow account until you confirm the car meets your expectations.
2. No Risk of Fraud: Scammers often vanish after receiving deposits, or after sending you fake confirmation messages. But with escrow, your money is locked until the deal is finalized.
3. Your Satisfaction is Guaranteed: Sellers only get paid once you’ve inspected the car and signed off on the sale.

What more could you ask for than peace of mind while buying or selling your used car through Peach? With our escrow payments, there’s no drama, no distrust—just fairness.

Peach Cars’ Escrow Process

Buying or selling with Peach Cars is smoother than you’d expect. But a few things must first be done to ensure a hassle-free experience:

Car Verification. 

For buyers, the process is relatively easy. Browse our inventory of verified cars here, select a car you like, contact us, and we’ll provide you with all the necessary materials, including the vehicle’s inspection reports and transparent pricing.

For the sellers, simply submit your car for inspection and documentation checks. Peach Cars ensures your logbook details match NTSA records and flags any issues upfront.

Escrow Activation:

Have you decided that “Yes. This is the car I want to buy?” Reach out to Peach Cars for details on how to deposit your funds into an escrow account. The seller can’t access this money until you approve the car.

Peach Does the Homework

For sellers, use Peach Insight to find buyers quickly. Our team will verify the car’s history, inspect its condition, and check for any red flags (like unpaid loans or odometer rollbacks). If something’s off, we hit pause and sort it out together first.

Delivery and Approval:

By the time we list your car on our website, we’d have already inspected everything. Your job as a buyer is to give it a test drive to get a feel of how it performs. Does it match the vehicle report? Approve the sale and get all the documentation from Peach Cars including all the paperwork.

Once everything is okay, the money you deposited in the escrow account will be released to the seller.

Beyond Escrow Secure Payment

The beauty of doing this with Peach Cars is that we go a step further to help ensure that the vehicle you sell or buy meets the standards of the interested party.

• We subject every car to a 288-point inspection, checking everything from engine health to mileage accuracy. This gives buyers a detailed report upfront, so they know exactly what they’re buying.
• We also manage all the paperwork for you including sales agreements and the National Transport and Safety Authority (NTSA) requirements such as the transfer of ownership. This gives you time to relax knowing that a qualified team is getting you what you want.
• At Peach Cars, we attract buyers who are ready to purchase, not timewasters. Your car gets listed to a pool of vetted, high-intent shoppers.
• By selling through a trusted platform, you avoid scams like fake “accident” stories or buyers who demand refunds after delivery.

Let’s Help You Drive Away with Confidence

Buying or selling a car shouldn’t feel like a gamble. With Peach Cars’ escrow payments, you’re not just transacting—you’re doing it with peace of mind guaranteed.

Whether you’re a buyer seeking peace of mind or a seller wanting guaranteed payment, we’ve got your back. Call us today to find out more!