buying from abroad... yahoo finance

Darlinbud

we have found the car we want at the right price, only problem is that the guy selling it is in spain (as is the car!) it's uk registered ect so no problems there but I am cautious about buying something I can't see in front of me! the transaction would be via yahoo finance, has anyone used this before?

This is the info the seller has sent me

Due to the fact that i am located outside UK and we can not deal in person,i`ve contacted Yahoo Finance regarding this issue and they told me that they could offer to me a program that is created especially for international transactions that protects both of us.They agreed to supervise this deal.
You will send the funds to Yahoo Finance and they will keep the money until you receive the vehicle and test it.In this way both buyer and seller are 100% covered during the steps of this transaction. They will hold and insure your money until receipt of the car in good condition. That is how their service is working. As far as the seller concerns, i will be glad to know that Yahoo Finance is in possession of the funds during the delivery period.
You will be given a 15 days inspection period from the day you receive the car at home( i will ship it to your address insured for full value to you ).
If you decide to keep the car, then you will have to authorize Yahoo Finance to release the funds to me, and the transaction is complete.If the vehicle is not as described ( perfect interior,exterior,mechanical condition ), you will be able to send the vehicle back through the same shipping company ( return postage at my expense ), and ask Yahoo Finance to return the money to you.

If anyone has brought a car in this way before I would really like your views...
many thanks

Rolandtheroadie

Forget yahoo finance, the whole thing stinks to high heaven already.

LandyAndy

It's just a scam. Forget it.

Tell him you'll meet him at the nearest Spanish airport with the cash and drive the car home. You'll never hear from him again.

SimbaSimon

Darlinbud wrote: »

we have found the car we want at the right price, only problem is that the guy selling it is in spain (as is the car!) it's uk registered ect so no problems there but I am cautious about buying something I can't see in front of me! the transaction would be via yahoo finance, has anyone used this before?

This is the info the seller has sent me

Due to the fact that i am located outside UK and we can not deal in person,i`ve contacted Yahoo Finance regarding this issue and they told me that they could offer to me a program that is created especially for international transactions that protects both of us.They agreed to supervise this deal.
You will send the funds to Yahoo Finance and they will keep the money until you receive the vehicle and test it.In this way both buyer and seller are 100% covered during the steps of this transaction. They will hold and insure your money until receipt of the car in good condition. That is how their service is working. As far as the seller concerns, i will be glad to know that Yahoo Finance is in possession of the funds during the delivery period.
You will be given a 15 days inspection period from the day you receive the car at home( i will ship it to your address insured for full value to you ).
If you decide to keep the car, then you will have to authorize Yahoo Finance to release the funds to me, and the transaction is complete.If the vehicle is not as described ( perfect interior,exterior,mechanical condition ), you will be able to send the vehicle back through the same shipping company ( return postage at my expense ), and ask Yahoo Finance to return the money to you.

If anyone has brought a car in this way before I would really like your views...
many thanks

Sounds like a complete scam. There isn't a Yahoo Finance service that deals with payments, the only Yahoo Finance that is legitimate is one that offers tracking of business shares and stocks which this certainly isn't. Do not proceed.

Inactive

Agreed.

I like the " return postage " it would need a big Jiffy Bag.. :rotfl:

100% SCAM.

Hintza

I echo all the above.

Only way to do it fly to Spain with access sorted out at a local bank for the cash to be transferred or the ability to withdraw cash.

gilbert_and_sullivan

As soon as the OP mentioned 'at the right price' you just know it's a scam, if it's too good to be true it usually isn't true.

LandyAndy

Hintza wrote: »

I echo all the above.

Only way to do it fly to Spain with access sorted out at a local bank for the cash to be transferred or the ability to withdraw cash.

But you won't get this far because there is no car.

Hintza

LandyAndy wrote: »

But you won't get this far because there is no car.

Of course........but, if there was a real car.....

vaio

run away really fast

aqueoushumour01

please do not fall for this. you would pay him your hard earned cash and receive nothing in return. avoid.