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Net Auctions and Auction Information |
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Used Cars For Sale On EBay
There are thousands of used cars for sale on eBay everysingle day. In fact, eBay Motors is the most profitablesales division on eBay and naturally there are manyentrepreneurs who are interested in jumping into thismarket. For instance, eBay claims it sells an SUV every nineseconds and is the biggest online car dealer in America,exceeding the traditional car companies. In fact, there are15 million cars sold over the Internet each year - andgrowing. The recent rapid growth of the consignment business modelhas made the used car market even more enticing. Manysellers are able to sell cars they have never even seen andwith no more risk than the cost of the auction listing. Somenegotiators even persuade the car owner to pay for the ad,thereby risking no more than their time. The biggest single issue for this business model is thetrust of prospective buyers. After all, paying thousands ortens of thousands of dollars for a car sight unseen is anawesome leap of faith. Even buying for a plane ticket to gosee a car before paying causes buyers to be uncomfortable. The best way sellers can overcome this fear is to use anescrow service. eBay has a preferred service, and it'seasiest to use that one. An escrow service acts as a neutral third party. In anexchange of merchandise, the buyer sends his money to theescrow service and the seller ships the product to thebuyer. The buyer usually has two days to inspect hispurchase, and if he is happy, he notifies the escrow companywho releases the money to the seller, minus its fee. If thebuyer is dissatisfied, he returns the undamaged merchandiseto the seller, and after the seller receives his merchandiseback (in satisfactory condition), the escrow service returnsthe buyer's money. Thus both sides in the transaction areprotected. The buyer almost always pays the fees for this,although sometimes buyer and seller split the cost. eBay's offers a "Vehicle Services Division" specifically fordealing with the used cars, trucks, SUVs and almost anythingelse with wheels and a motor. The buyer can request a 160point inspection performed before agreeing to the purchase.This is an inexpensive service and certainly will save thepurchaser many headaches. * The buyer pays a $125 fee that is non-refundable Another choice for the buyer is to deposit his payment withthe escrow service and then take delivery of the vehicle.The seller ships the car after he knows the money hissecure. The seller must provide tracking information, whichis then verified. The buyer has between one and 30 days to thoroughly inspecthis new purchase (the period is negotiated between the twoparties ahead of time). If this time expires and the escrowcompany has not heard from the buyer, it assumes he is happyand gives the purchase price to the seller. The buyer may return his vehicle if he isn't happy andsometimes buyers and sellers work out partial paymentagreements, the buyer being satisfied with some parts of thetransaction, but not with others. If a dispute arises, it issettled by the American Arbitration Association. The fee for this service is: * $0 - $7,500 = value of vehicle: $125 Once both parties have agreed, the title transfer processbegins and the escrow service will guarantee this too, for afee of $95. The fee, naturally, doesn't include any transfercosts - it is only insurance that the title will beexpedited to the satisfaction of both parties. eBay's escrow service also offers a service that will shipcars almost anywhere in the world and will gather an autohistory report to inform sellers if their new chariot hasbeen salvaged or stolen, suffered flood or hail damage, beenin a fire or accident, has had an odometer rollback or hasbeen used as a police car, a rental or a taxi. Anyone considering offering used cars for sale on eBay wouldbe well advised to thoroughly learn the escrow servicesavailable and offer those to prospective buyers. The trustfactor will skyrocket and your chances of completing saleswill dramatically increase. Learn how to sell on eBay with 16 hours of online instruction taught by a 10 year eBay veteran. Own an eBay business instead of an eBay hobby.
MORE RESOURCES: Marine Auctions: April 2025 Online Auctions Sail-World.com Honda's Racing Arm to Auction V-10 Parts from Senna's F1 Car Car and Driver Gold nugget donated to Salvation Army red kettle outside southern Indiana Kroger up for auction WHAS11 Michael Schumacher’s Monaco Grand Prix and double title-winning Ferrari F2001 to be sold at auction Formula 1 Bank to Auction Historic Little Rock Home on Thursday Arkansas Business A Robert Frank photo he saw as ‘threatening’ and a ghostly Dalí painting: our pick of the April auctions The Art Newspaper IRS to auction $1 million Mequon home Thurs. Owner was a lawyer convicted of tax evasion. Milwaukee Journal Sentinel Historic Negro Leagues Memorabilia Among Headliners in Hunt Auctions Spring Sale Sports Collectors Daily Rare Haggadahs up for auction in Bnei Brak www.israelhayom.com Going once ... going twice: Florida Action Network's live auction set for April 5 Panama City News Herald 'I want to be remembered.' Death row inmate puts San Quentin journals, art up for sale at $80,000 Los Angeles Times Christie’s and Sotheby’s Hong Kong auctions underwhelm as sales hit 6-year low South China Morning Post LiveAg Livestock Auction RFD-TV U.S. government auctions 91 acres of land near Atterbury Job Corps dailyjournal.net 1997 Tiger Woods Signed Masters Badge Heads To Auction Sports Illustrated Greece auctions €600 million in 13-week treasury bills eKathimerini.com Bonhams to auction race-worn Schumacher, Alonso and Leclerc helmets at 2025 Miami Grand Prix magnetomagazine.com Online auction live for LSCP Annual Dinner Upper Michigan's Source Board rejects $2M bid for former YWCA facility from auction winner facing indictments Dayton Daily News Poaching remains a major problem in Utah. An auction of seized trophy bucks offers a ‘silver lining.’ The Salt Lake Tribune The Traveller Collection Set for Record-Breaking Auction Numismatic News 77 Acre Whites Creek FARM To Hit The Auction Block Smokey Barn News Dessert auction Thermopolis Independent Record U.S. government auctions 91 acres of land near Atterbury Job Corps The Republic News Spaghetti supper, auction assist students metropolisplanet.com EDPR auctions 90 Vestas wind turbines and auxiliary materials in Colombia Windtech International Hong Kong Art Week Wraps up with Ho-Hum Auction Results and a Few More Big Sales at Art Basel ARTnews.com The Body Model Used During a Famous Scene in ‘E.T.’ Is Heading to Auction Smithsonian Magazine Important Collections, Rarities Cross the Block in Stack’s Bowers Spring 2025 Showcase Auctions CoinWeek Hope Haven’s Annual Benefit Auction Storm Lake Radio Texas Rangers TEX Gala 2025 to Feature Thomas Rhett and More Fort Worth Magazine Britney Spears’ Iconic Outfit Auctioned in New Julien’s Auction Glitter Magazine Foundation Academy auction begins Thursday West Orange Times Observer Timex Group auctions off private art collection at Middlebury HQ Hartford Business Journal NFL star Mark Barron to auction off California mansion SiliconValley.com Buckfield Mall goes up for live auction May 2 Lewiston Sun Journal Gold nugget worth thousands donated to Salvation Army to be listed for auction - The Courier-Journal Gold nugget worth thousands donated to Salvation Army to be listed for auction The Courier-Journal News Flash • Shop County Auctions on PublicSurplus.com Nevada County (.gov) Auctions April 2 to 8: contemporary art, antiques and wines Finestre sull'Arte Big Island property, location of reality TV show Temptation Island, headed for auction Big Island Now Nearly 3,000 Acres of Iowa Farmland to Sell at Auction in April Successful Farming Ford CEO Jim Farley Uses Auctions To Call Out Greedy Dealers Ford Authority A Diverse Array In World Auction Gallery’s Exceptional Auction Antiques And The Arts Weekly MLC auction kicks off Friday evening windomnews.com Rison FFA Auction, Burgers April 24 Cleveland County Herald Viper-Powered 1970 Plymouth Barracuda Heads to Mecum MoparInsiders AUCTION: 2023 Dodge Challenger SRT Demon 170 Jailbreak MoparInsiders Comedy show, art auction to benefit We Care Wilcox Newspapers Honda to auction Senna V10 F1 engine parts PistonHeads Rinaldi Advisory Services Adds Castagna of InPlace Auction as a Strategic Alliance Partner Monitordaily “Welcome to Wyoming” signs are up for auction Wyoming Public Media Chewbacca’s Bowcaster From ‘Star Wars’ Sells for $768,000, ‘Ghostbusters’ Ghost Trap Fetches $327K Variety Lamar Point VFD Hosting BBQ, Auctions EastTexasRadio.com Uptown office tower garners $36M bid at public auction The Business Journals Rodeo Houston's livestock auctions raise money for Texas youth marketplace.org Medieval Great Helm Leads Highlights at Apollo Auctions This Weekend Medievalists.net |
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