Used Cars For Sale On EBay
There are thousands of used cars for sale on eBay every single day. In fact, eBay Motors is the most profitable sales division on eBay and naturally there are many entrepreneurs who are interested in jumping into this market. For instance, eBay claims it sells an SUV every nine seconds and is the biggest online car dealer in America, exceeding the traditional car companies. In fact, there are 15 million cars sold over the Internet each year - and growing.
The recent rapid growth of the consignment business model has made the used car market even more enticing. Many sellers are able to sell cars they have never even seen and with no more risk than the cost of the auction listing. Some negotiators 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 the trust of prospective buyers. After all, paying thousands or tens of thousands of dollars for a car sight unseen is an awesome leap of faith. Even buying for a plane ticket to go see a car before paying causes buyers to be uncomfortable.
The best way sellers can overcome this fear is to use an escrow service. eBay has a preferred service, and it's easiest to use that one.
An escrow service acts as a neutral third party. In an exchange of merchandise, the buyer sends his money to the escrow service and the seller ships the product to the buyer. The buyer usually has two days to inspect his purchase, and if he is happy, he notifies the escrow company who releases the money to the seller, minus its fee. If the buyer is dissatisfied, he returns the undamaged merchandise to the seller, and after the seller receives his merchandise back (in satisfactory condition), the escrow service returns the buyer's money. Thus both sides in the transaction are protected. 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 for dealing with the used cars, trucks, SUVs and almost anything else with wheels and a motor. The buyer can request a 160 point inspection performed before agreeing to the purchase. This is an inexpensive service and certainly will save the purchaser many headaches.
* The buyer pays a $125 fee that is non-refundable
* The seller is contacted and the inspection is carried outv * The buyer receives a reportv * The buyer chooses to go ahead with the purchase - or not
Another choice for the buyer is to deposit his payment with the escrow service and then take delivery of the vehicle. The seller ships the car after he knows the money his secure. The seller must provide tracking information, which is then verified.
The buyer has between one and 30 days to thoroughly inspect his new purchase (the period is negotiated between the two parties ahead of time). If this time expires and the escrow company has not heard from the buyer, it assumes he is happy and gives the purchase price to the seller.
The buyer may return his vehicle if he isn't happy and sometimes buyers and sellers work out partial payment agreements, the buyer being satisfied with some parts of the transaction, but not with others. If a dispute arises, it is settled by the American Arbitration Association.
The fee for this service is:
* $0 - $7,500 = value of vehicle: $125
* $7,500.01 to $15,000: $170
* $15,000.01 to $30,000: $200
* $30,000.01 to $50,000: $275
* $50,000+ = 6% of the value
Once both parties have agreed, the title transfer process begins and the escrow service will guarantee this too, for a fee of $95. The fee, naturally, doesn't include any transfer costs - it is only insurance that the title will be expedited to the satisfaction of both parties.
eBay's escrow service also offers a service that will ship cars almost anywhere in the world and will gather an auto history report to inform sellers if their new chariot has been salvaged or stolen, suffered flood or hail damage, been in a fire or accident, has had an odometer rollback or has been used as a police car, a rental or a taxi.
Anyone considering offering used cars for sale on eBay would be well advised to thoroughly learn the escrow services available and offer those to prospective buyers. The trust factor will skyrocket and your chances of completing sales will 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.
 Google News Updated : Sat, 19 Jul 2008 00:44:53 GMT 'A Tremendous Day for International Justice' - Newsweek
Newsweek - By Travis Wentworth | Newsweek Web Exclusive With the controversial indictment of Sudan's president, Omar al-Bashir, earlier this week, the International Criminal Court is putting its reputation on the line. Arab League to discuss charges facing Sudan's prez China says heed fears about Bashir genocide charges Publ.Date : Fri, 18 Jul 2008 23:41:32 GMT Freddie commits to raising $5.5 bln in capital - MarketWatch
MarketWatch - By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Freddie Mac committed on Friday to raising $5.5 billion in capital and said it has registered with the Securities and Exchange Commission. Freddie Mac Becomes an SEC Registrant Freddie's Ready For The SEC Publ.Date : Fri, 18 Jul 2008 23:06:19 GMT Nelson Mandela responds to reporters' questions - The Associated Press
The Associated Press - QUNU, South Africa (AP) - Highlights from Nelson Mandela's interview Friday with reporters at his 90th birthday celebration: ___ Q: What is the message you would like to share with the children of the world, the children of the continent and South ... Video: Mandela on 90th Birthday: Rich Should Help Poor Mandela Celebrates His 90th Birthday Publ.Date : Fri, 18 Jul 2008 22:31:06 GMT 4 Die in Houston Crane Collapse - New York Times New York Times - By AP HOUSTON (AP) - Four workers were killed and six injured when a crane collapsed on Friday during routine maintenance at a chemical plant here, a company official said. Video: 4 Dead, 6 Hurt in Houston Crane Collapse 4 dead, 6 hurt at Houston refinery when crane collapses Publ.Date : Fri, 18 Jul 2008 21:59:08 GMT Today on the presidential campaign trail - The Associated Press
The Associated Press - IN THE HEADLINES McCain TV ad accuses Obama of shifting views on Iraq for political gain ... Poll: Excitement over presidential race grows, but McCain's backers less fired up than Obama's ... McCain tells auto workers that the electric car is a key to ... The souls of McCain and Obama Questions About McCain's Tech Savvy Worry Bloggers on the Right Publ.Date : Fri, 18 Jul 2008 21:31:12 GMT Gore Urges Change to Dodge an Energy Crisis - New York Times
New York Times - Former Vice President Al Gore called on Thursday at Constitution Hall in Washington for a shift in the nation’s energy policy. By JOHN M. BRODER WASHINGTON - Former Vice President Al Gore on Thursday urged the United States to wean the nation from its ... Gore Calls for Electric Vehicle Future Pickens would OK Gore as 'energy czar' Publ.Date : Fri, 18 Jul 2008 01:39:54 GMT Chip giant's shares fall 10% as Ruiz steps down - MarketWatch
MarketWatch - By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) - Shares of Advanced Micro Devices Inc. fell 10% Friday morning after the chip giant reported another quarterly loss and announced that Chief Executive Hector Ruiz, who led the chipmaker's ... AMD Posts Q2 Loss, Shuffles Executives Sector Snap: Chip stocks mostly decline Publ.Date : Fri, 18 Jul 2008 17:02:37 GMT More Web Site Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... Come with me, we are going to take a safari... Read More If I could convey only one concept to someone who... Read More Many new Ebay sellers make one of two mistakes: either... Read More Taking some pride in my one hundred percent positive feedback... Read More So your auction closes. Now what?Hopefully you made a sale... Read More The Internet is the fastest-changing marketplace on earth. Million-dollar ideas... Read More Q: I would like to start my own eBay business,... Read More The old adage that says "one person's trash is another... Read More FACT: eBay's Gross Merchandise Sales (GMS) 2003 - GMS, the... Read More There are thousands of used cars for sale on eBay... Read More Drop shipping, for those who are unfamiliar with it, is... Read More Many people just getting started on eBay have reservations when... Read More It is a well known fact that the more pictures... Read More eBay sales may have grown 51% last year over the... Read More Ebay was only two years old when I discovered it.A... Read More One of the most difficult things to do when looking... Read More Secret #1: Find a 'real' wholesale and drop ship companyDo... Read More Paypal is the preferred payment choice for many buyers because... Read More Greetings, Friend. So you've decided to go into business. Great.... Read More As a serious seller on eBay you're familiar with their... Read More Q: I made extra money selling things on eBay last... Read More Sometimes it's the simple things that can make your eBay... Read More For just a moment, try to comprehend the power of... Read More An auction is basically a public sale wherein any object... Read More Sometimes the simplest things can boost the number of visitors... Read More
Adsense
websites
How to Survive the Jungles of Ebay Selling
From Ebay Zero to Power-Selling Hero: Don?t Be That Random Ebay Guy
How To Sell On Ebay: Pricing Strategy
Negating Negative Feedback on eBay
What To Do After Your eBay Auction Closes
From Ebay Zero to Power-Selling Hero: How To Learn New Tricks Without Spending
Dropship Your Way To Ebusiness Success
Is Your Trash Cash? 5 Easy Places to Sell Your Stuff
To eBay or NOT to eBay
Used Cars For Sale On EBay
Drop Shipping Your Way to Increased Profits
How To Sell Internationally On eBay Without Risk
Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip
Online Auction Fraud
Easy Money on Ebay?
Drop Ship Your Way to eBay Profits
5 Secrets To Make A Killing on EBay
Using Paypal for eBay Purchases
Join the Home-Based Business Revolution
Losing Sales By Overcharging For Shipping And Handling
Is Selling On eBay Just A Hobby Or A Real Business?
12 Tips To Make Your eBay Business More Profitable
Killer Tips To Succeed With eBay Auction
Auction and Its Benefits
Increase your eBay Profits the Easy Way
Affordable and Reliable Web Hosting Starting at $4.49/Month
From Ebay Zero to Power-Selling Hero: How To Learn New Tricks Without Spending
The Internet is the fastest-changing marketplace on earth. Million-dollar ideas... Read More
A New Definition of Buyer Beware
"Who's Suzie?"My wife Katrina had been acting strangely ever since... Read More
Is Selling On eBay Just A Hobby Or A Real Business?
Q: I made extra money selling things on eBay last... Read More
eBays Latest Fee Increases--Is this the beginning of the end?
On January 13, eBay sellers received an unwelcome announcement from... Read More
Five Tested Ways To Find The Perfect Drop Shipper
You've heard about it many times in recent months. Being... Read More
USP on eBay
If you have dabbled at all in the world of... Read More
Online Auction Sellers - Seize Control Of Your Business!
As the online auction model of business continues to evolve... Read More
Starting an eBay Home Business
Do I need to explain what eBay is?If 'Yes', where... Read More
Are You an Ebay Shopper?
As I write this article, I am keeping an eye... Read More
Affordable Online Car Auctions
Still hunting for the car of your dreams? Public car... Read More
Instructions on How to Put Picture on Ebay
Like many folks, you have heard of online auctions. Heck,... Read More
So, Can You Really Sell EBooks On EBay And Make Cold Hard Cash?
Selling eBooks on eBay, and making any worthwhile profit from... Read More
7 Steps to Easier EBay Shipping
If you're like me, you probably hate packing and shipping... Read More
Garage Sales, Flea Markets, and Special Events... Oh My!
The activity chart is an ingenious way to find, in... Read More
3 Unusual Formats For Auctions on EBay
eBay users are accustomed to only two "standard" formats for... Read More
Free Auction Templates: How to Set Your Border Color With FOAM
If you have not heard of Foamtemplates.com yet, home of... Read More
Profit through Other Peoples eBay Errors
There are many issues that influence how an eBay auction... Read More
Before You Sell On Ebay, Take The Most Important Step
If you want to earn a full-time income selling on... Read More
Snipe Your Way to Auction Success
Bidding for a bargain is all part of the exciting... Read More
Effective Auction Listings - How To Create Them
Once you've created the best possible title for your item,... Read More
How to Market with Niche Auction Sites
Online auctions are big business. But they can be big... Read More
The Benefits of Buying and Selling Locally
Shop at a flea market in Oaxaca, Mexico. Trade with... Read More
The Top Ten Antique Categories On eBay!
Knowledge is Power! And this statement could not be more... Read More
Top 10 Free Online Wholesale Resources
By the time that a product has made it to... Read More
How Drop Shipping Works
One of the most frequently asked questions on the Net... Read More
Online Auction |