I want to buy a used car and the seller says he wants to use Yahoo finance as a third party for a safe transac

Question

I asume that he means something like a letter of credit. He gets his money when I get the car and inspect it and finds it corresponding to what we agreed, right? But I can´t find such thing on Yahoo finance.

Answer 1

Yahoo! does not provide financing for cars or any other purchase and does not get involved in private transaction. This is a common scam. Do not purchase the car. Here's what Yahoo! Autos help has to say:

Please note that Yahoo! Autos does not take possession of users' vehicles, we do not work with agents, and we do not work with money transfer agencies, so please beware that any communication you receive stating that Yahoo! Autos does use these services, as it is a misrepresentation. We advise buyers against sending online payments to sellers without meeting the seller or seeing the vehicle in person. Again, we strongly encourage buyers to see the vehicle, meet the seller, and complete any transfer of any payment in person.