HELP! I need to know whether this is a scam or not! :(?

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I am interested in a car i found on autotrader and it’s at a very very cheap price for what it is. The seller says the reason it’s cheap is because he’s struggling to sell it where he’s from (Spain) and just wants to get rid of it. He says that he’ll cover the costs of shipping and the money transfer is going to be through Yahoo Finance. However, i’m not sure that yahoo finance even DO money transfers. He makes it out like it’s a sort of Ebay transaction as i don’t have to pay for it until a certain date. The links he gave me don’t seem legitimate. This is the link he gave me for Yahoo finance:
http://www.yahoo-finance.com-finance-group.co.uk/Finance.Ftse.Stock-Exchange.Mortgages.Loans&More.index.htm

I want to believe him because it’s my dream car but i need to make sure i’m not going to be scammed! Can anybody help?

Our company in Spain due to various reasons is looking like it might go bankrupt. There is one director and 2 shareholders, 1/3 shares split equally. If this happens, what will happen to our credit ratings? Will we have problems taking out personal loans, mortgages etc?

No silly answers please, genuine question so genuine answers appreciated.

14 Comments
  1. Reply
    ksp12286
    February 17, 2011 at 10:20 pm

    It is easy E-mail yahoo help ask them if that is their website that will let you know if they really have something like that if not they will take action to stop that.

  2. Reply
    Steven
    February 17, 2011 at 10:22 pm

    If it sounds too good to be true it usually is. You say it’s very cheap and he’s willing to pay shipping which would be very expensive. I’ve looked at the website and it’s not even a money transaction site. I’m a police officer in the UK and there are numerous scams used to extort money from people acting in good faith. Based on my experiences of victims who’ve paid out cash and lost it and looking at the overall picture, I’m sorry but I’d leave it. I’d never advise anyone to buy a car without seeing it and truly identifying the owner.

  3. Reply
    Mike M.
    February 17, 2011 at 11:11 pm

    I agree with the above answerer to this question.

  4. Reply
    Martin Spooner
    February 17, 2011 at 11:23 pm

    It’s a famous scam.

    Completely obvious, very common, very well known SCAM.

  5. Reply
    teresa m
    February 18, 2011 at 12:10 am

    Always trust your gut, this is your gut telling you this is too good to be true and yes it really is too good to be true. If you want it you will get it in time, or your dream will change, but please do not fall into this guys evil scheme it is a scam.

  6. Reply
    papaw
    February 18, 2011 at 1:08 am

    SCAM! SCAM! SCAM! Dream about another car. Too many risks and unknowns in this, and it fits the profile of one of the most common money scams going today. Avoid it like the plague.

    Papaw

  7. Reply
    Kittysue
    February 18, 2011 at 1:09 am

    100% SCAM that is all over the internet. There is no car. Google yahoo finance car scams and you;’ll see this same scam has been reported many times
    http://www.scam.com/showthread.php?t=33563&highlight=yahoo+finance
    http://www.usedcarmart.co.uk/forum/archive/index.php/t-21433.html
    http://community.ebay.co.uk/topic/International-Trading/Overseas-Car-Scams/400050065?start=120

    Yahoo Finance has NOTHING to do with money transfers or any other transactions. That is NOT a real Yahoo finance page, that’s a spoof page set up by the scammer. Here is the REAL Yahoo Finance page http://finance.yahoo.com/ – if they were involved in car sales don’t you think it would be right there on the homepage

    And who in their right mind is going to spend minimum €3000 shipping a car from Spain? If it were that cheap you don’t think he could walk into any dealer or post it on a Spanish website and find a buyer within a few hours?

    Besides even if this were real in some alternate universe, you NEVER buy a used car from Spain if you do not live in Spain, do not speak Spanish, do not understand Spanish vehicle regulations and do not have a Spanish lawyer. The process is incredibly complicated and time consuming and you could end up owing over €50.000. In Spain unpaid taxes, loans, etc can be put on a car and the new owner assumes all liability for this debt and must repay it. There are plenty of Spanish people loading their cars up with debt then selling the cars on to unsuspecting foreigners who have to pay it back
    http://www.idealspain.com/pages/information/buycar.asp
    Read the warning in Red, then read everything else on the page
    “VERY IMPORTANT ADVICE ON PURCHASING SECOND HAND CARS
    It is vital that a history check is made on the vehicle before you purchase it. This is the Spanish equivalent to an HPI check in England.
    This check is important in Spain because just like property, previous owners debts can be put on the car. This can include unpaid social security, loans and taxes. The debts stay with the car, so it is now the responsibility of the new owner to clear the debts.”

  8. Reply
    Lol Jkz
    February 18, 2011 at 1:54 am

    I doubt its legitamate, i just tried following the link and it got me nowhere. just brought up a broken link page

    Your insurance might not cover it if it does not arrive because its done through two different countries. No doubt this ‘seller’ has the same car posted over hundreds of different sites with the same price so that more people will click on it and buy it. The payment laws in Spain may also be different so you may find it impossible to get your money back. Do not do this. I’m sorry if it is your dream car but it is not worth the risk.

    For your own sake find a seller closer to home so you can check it out personally. And of course buying over seas there is always going to be a language barrier so he could claim he didn’t understand you. There really are too many risks and traps in this plan.

  9. Reply
    Bob M
    February 18, 2011 at 2:40 am

    Forget about this car – it doesn’t even exist and the photos have probably been cut and pasted from some legitimate advertisement in another country.

    If you proceed, you’re at risk of losing any money you send.

  10. Reply
    Tony RB
    February 18, 2011 at 2:47 am

    It’s a scam.

    This is just one variation of many, by criminals who hope to get people to send them money.

    You should send the emails and screenshots to the Yahoo to report this, as their legal department would be very interested in getting that website shut down for infringing on the Yahoo trademark, as well as have law enforcement investigate it.

    Yahoo has a webpage for reporting copyright violations, with the mail and email addresses
    http://info.yahoo.com/copyright/us/details.html

    I looked up the website you mentioned, and here is what DomainTools returned:
    http://whois.domaintools.com/com-finance-group.co.uk

    ==========

    Domain name:
    com-finance-group.co.uk

    Registrant:
    mark lord

    Registrant type:
    Unknown

    Registrant’s address:
    15 Grove Place
    Hemsworth
    Pontefract
    West Yorkshire
    WF9 4BG
    United Kingdom

    ==========

  11. Reply
    Daniel
    February 18, 2011 at 3:46 am

    They’re right, It’s a scam.

  12. Reply
    Jean Sonia
    February 18, 2011 at 4:09 am

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  13. Reply
    ray
    February 18, 2011 at 4:38 am

    In the US at least, the corporation has nothing to do with personal lives, credit ratings. It is a separate legal entity , almost like another person. So it does not affect the personal stuff for shareholders, directors, etc. That is the point of the corporate “shield”, it protects the owners, so don’t sweat it.

  14. Reply
    Joe
    February 22, 2011 at 2:37 pm

    If you are suspicious, you can report this car to fraudwatch@autotrader.com

    We’ll research and delete the ad if it’s a scam.

    Joe

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