Finance, Forex and Investments

Does Yahoo Finance assist in auto transactions between buyers and sellers?

I need a straight answer! The seller of the car says, we send the money through or to Yahoo Finance and they will hold the money in trust, and then they will let the seller know to send the car. We have 3 days to inspect it after which time, they will finally distribute the money to the seller. I have never heard of this, but have noticed others on here have had the same question- none of which, ever received a straight answer. Is there a site that explains this process or that brokers transactions in this way? Please help!

Public Comments

1. "Yahoo Finance" is the financial news service of yahoo.com (i.e. stocks and market information). It's not an escrow or payment service and offers no such thing as you're describing. The other party is trying to sucker you. http://pcworld.about.com/od/onlinesecurity/How-to-Avoid-Falling-Into-the.htm If you don't fully understand the various processes involved with buying or selling through a particular venue, you're swimming out of your depth and are going to be subject to being "taken". Best of luck. I hope this helps.