I read about bogus escrow companies few years ago. I don't know how to verify if it is legit. When I put my M Roadster on Craigslist I got the scam emails with an escrow service mentioned.

 

I'm not trying to troll Zach, but if only 1% goes bad, that is 100% for the affected individual. And we ain't talking chicken feed here.

 

Yes, good heads up!
Obviously the decision on how to go about it comes down to the individual circumstance... the statistical probability on its own does not warrant any specific route to take. This isn't as much of an issue if a dealership is involved or some other licensed business, or if if the buyer/seller meet in person even if just for the transaction, or if there is some personal/organizational connection between parties.

I personally would not simply trust someone and rely on hope that things went well... definitely NOT what I was trying to communicate. You guys are correct - these transactions are too big to simply rely on giving peopel the benefit of the doubt.