Anyone know about buying a vehicle by using the “Ebay Buyer/Seller Protection program” Is this a scam?

This is the e-mail given to me after my inquiry about an 03 BMW 325i being sold for $ 2,990 in Spain.

“Hi,
Thank you for your interest in my 2003 BMW 325 i Sport with automatic transmission that i have for sale.
The car is in perfect working condition , great looking as you can see from the pictures , no accidents , no flaws or dents. The car has clear United States title and 49,192 miles.Vin# WBAEV334X3KL81935.
The engine runs very smooth and has no problems whatsoever.Always garaged and very well maintained.
If you want to purchase the car , you must know that the transaction will be closed using eBay’s Buyer/Seller Protection Program in order for both of us to be 100% protected.
The payment will be made to eBay and they will keep the payment in escrow until you notify them that you received and want to keep the car.
You will have 10 days of inspection after you receive the car in which you can take it to your mechanic , drive it and decide if you want to keep it or not.
In case you are not satisfied by the car and don’t want to keep it , you will have to notify eBay and a total refund will be sent in maximum 3 business days and i will sell the car to the next interested buyer in your area ( there is no need to ship it back because i want to sell it in United States since the car has clear US title).
I am currently in the military and i am located in Barcelona, Spain.The car is here as well. I was sent here to improve the military relationships between our country and Spain.The final price for the car is $ 2990. If you will take it for this price, I am willing to handle the shipping. It will be shipped from here by plane with US Air Military Cargo so it will not cost me anything. You will get it to the nearest airport in your area and then it will be trucked forward to your place. You will receive the car in about 4 days.I am selling the car because i have made a loan back home to buy a new house and now i am forced to sell it asap because i have to pay the bank. It seems that the financial crisis affected us all.
Please get back to me asap if you decide to buy, and include in your e-mail your full name and shipping address so I can start the deal with eBay. You will receive all the transaction payment and shipping details from them.”

Can anyone make light to this? Is this a scam? Is this just too good to be true?

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