Selling a car on Ebay, anybody done it? |
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Selling a car on Ebay, anybody done it? |
914bub |
Apr 18 2018, 06:08 PM
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#1
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Member Group: Members Posts: 433 Joined: 16-August 13 From: Modesto CA. Member No.: 16,260 Region Association: None |
I have a car I want to sell on ebay and wondered if anyone here has done it? I've been an ebay member since January 1999 and 95% of my activity is selling so I'm no stranger to listing stuff, I've just never auctioned a car before.
My question is how do you accept payment and not get burned. I get most of my payments through Paypal but what is to keep someone from "paying", picking up the car and then 45 days later disputing it through Paypal? At that point, they have the car and potentially the money. I want to sell it on ebay as I think I'll get a little more for it and selling on craigslist seems so sketchy these days. The car I'm wanting to sell is a 1970's exact "splash" of a Meyers Manx with an aftermarket tube frame. Titled in my name for the last 30 years and through a California certificate of sequence, currently non-oped. Any insight? TIA |
injunmort |
Apr 18 2018, 06:22 PM
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#2
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Senior Member Group: Members Posts: 1,024 Joined: 12-April 10 From: sugarloaf ny Member No.: 11,604 Region Association: North East States |
biggest problem with ebay is you have a riskless silent partner. car does not sell, still owe significant listing fee. car does sell, you owe significant listing fee and final value fee. paypal also takes their 4pts. in the end with a sale it works out to about 20% give or take. that cost should be part of your equation.
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914bub |
Apr 18 2018, 06:31 PM
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#3
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Member Group: Members Posts: 433 Joined: 16-August 13 From: Modesto CA. Member No.: 16,260 Region Association: None |
biggest problem with ebay is you have a riskless silent partner. car does not sell, still owe significant listing fee. car does sell, you owe significant listing fee and final value fee. paypal also takes their 4pts. in the end with a sale it works out to about 20% give or take. that cost should be part of your equation. Actually, they are telling me I can list up to six cars a year right now with no listing fees........... Promo! Trust me, I track what I'm paying and your right. For the smaller stuff, I'm losing 15-20% on ebay and Paypal. I know I'll take a hit on the final value. |
era vulgaris |
Apr 21 2018, 11:30 AM
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#4
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J is for Genius Group: Members Posts: 982 Joined: 10-November 13 From: Raleigh, NC Member No.: 16,629 Region Association: South East States |
biggest problem with ebay is you have a riskless silent partner. car does not sell, still owe significant listing fee. car does sell, you owe significant listing fee and final value fee. paypal also takes their 4pts. in the end with a sale it works out to about 20% give or take. that cost should be part of your equation. Actually, they are telling me I can list up to six cars a year right now with no listing fees........... Promo! Trust me, I track what I'm paying and your right. For the smaller stuff, I'm losing 15-20% on ebay and Paypal. I know I'll take a hit on the final value. Sorry but just about everything injunmort said is way wrong. I've sold several cars on eBay. There is no final value fee for cars. If the car sells for under $2k it's a flat $60 fee. If it sells over $2k it's a flat $125 fee. Do a $500 deposit with PayPal, and you pay the 3% PayPal fee on that, which comes to $15. So for a car over $2k, you pay $140. That's all. And if the car doesn't sell, there is NO FEE whatsoever. The remainder of the transaction is handled outside of eBay (wire transfer, cash in person, etc). Also, if you're a high volume seller, there's actually no listing fee at all. Just a $50 insertion fee regardless of what the car sells for. So if you're high volume on eBay, you'd pay even less. |
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