Used Cars For Sale On eBay

eBay is the biggest online car seller in the world andtothe purchase. This is an inexpensive service and
thousands want to cash in on this success. Here's howcertainlywill save the buyer any headaches.
to improve your odds of selling cars.* The buyer pays a $125 fee that is non-refundable*
There are thousands of used cars for sale on eBayThe seller is contacted and the inspection is carried
everysingle day. In fact, eBay Motors is the mostout* The buyer receives a report* The buyer chooses
profitablesales division on eBay and naturally there areto go ahead with the purchase - or not
manyentrepreneurs who are interested in jumping intoAnother choice for the buyer is to deposit his payment
thismarket. For instance, eBay claims it sells an SUVand then take delivery of the vehicle. Theseller ships
every nineseconds and is the biggest online car dealerthe car after he knows the money is secure withthe
in America,exceeding the traditional car companies. Inescrow company. The seller must provide
fact, there are15 million cars sold over the Internet eachtrackinginformation, which is verified by
year - andgrowing.The buyer has between one and 30 days to
The recent rapid growth of the consignment businessthoroughly inspecthis new purchase (the period is
modelhas made the used car market even morenegotiated between the twoparties ahead of time). If
enticing. Manysellers are able to sell cars they havethis time expires and the escrowcompany has not
never even seen andwith no more risk than the costheard from the buyer, it assumes he is happyand
of the auction listing. Somenegotiators even persuadegives the purchase price to the seller.
the car owner to pay for the ad,thereby risking noThe buyer may return his vehicle if he isn't happy
more than their time.andsometimes buyers and sellers work out partial
The biggest single issue for this business model ispaymentagreements, the buyer being satisfied with
thetrust of prospective buyers. After all, payingsome parts of thetransaction, but not with others. If a
thousands ortens of thousands of dollars for a cardispute arises, it issettled by the American Arbitration
sight unseen is anawesome leap of faith. Even buyingAssociation.
for a plane ticket to gosee a car before payingThe fee for this service is:
causes buyers to be uncomfortable.* $0 - $7,500 = value of vehicle: $125* $7,500.01 to
The best way sellers can overcome this fear is to use$15,000: $170* $15,000.01 to $30,000: $200* $30,000.01
anescrow service. The one chosen by eBay isto $50,000: $275* $50,000+ = 6% of the value
Escrow.com, whichhandles eBay auctions in the USOnce both parties have agreed, the title transfer
and Canada.processbegins and will guarantee this too, for a fee
An escrow service acts as a neutral third party. Inof$95. Title transfers are handled by Centerpoint
anexchange of merchandise, the buyer sends hisDiversifiedServices which works in all 50 states. The
money and the seller ships the product to thefee, naturally,doesn't include any transfer costs - it is
buyer.The buyer usually has two days to inspect hisonly insurancethat the title will be expedited to the
purchase, andif he is happy, he notifies the excrowsatisfaction of bothparties.
company who releasesthe money to the seller, minusalso offers a service that will ship cars
its fee. If the buyer isdissatisfied, he returns thealmostanywhere in the world and will gather an auto
undamaged merchandise to theseller, and after thehistory reportto inform sellers if their new chariot has
seller receives his merchandise back(in satisfactorybeen salvaged orstolen, suffered flood or hail damage,
condition), the escrow company returns thebuyer'sbeen in a fire oraccident, has had an odometer rollback
money. Thus both sides in the transactionor has been used as apolice car, a rental or a taxi.
areprotected. The buyer almost always pays the feesAnyone considering offering used cars for sale on
for this,although sometimes buyer and seller split theeBay wouldbe well advised to thoroughly learn the
cost.services availablethrough and offer those to
has created its "Vehicle Services Division"specificallyprospective buyers.The trust factor will skyrocket and
for dealing with the used cars, trucks, SUVsand almostyour chances ofcompleting sales will dramatically
anything else with wheels and a motor. The buyercanincrease.
have a 160 point inspection performed before agreeing