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Auto-Car-Transport’s guide to buying cars on eBay

Finding the true value of any vehicle.

In the old days you would pick up the local paper and search for the vehicle you were looking to buy. After a couple of weeks you would notice the approximate price vehicles like the one you were looking for, were for sale for. You might ask a dealer what the trade in value on such a vehicle was, and adding a couple of dollars decide what you think cars like the one you were looking for are worth.

The beauty of an eBay auction is that the true value is set by the marketplace. In theory the car you buy on eBay today you could sell next week for the same price. However, because there are expenses associated with the purchase, you want to get it right the first time.

When looking at your cost of ownership, you must include on top of the purchase price, the cost of transporting the vehicle to you. Because eBay is such a large marketplace, only a small percentage of all of the vehicles listed on eBay are local. You can pick up a car at its location yourself, but even then there is the cost of fuel to drive the vehicle back plus the cost of getting yourself to the vehicle.

There can be advantages to buying a vehicle that has to be transported home. Vehicles that have spent their whole life without exposure to snow benefit from not having driven on salted streets. Not all Florida cars are better off, owners who live close to the ocean or the gulf can have their vehicles damaged by the salt in the air.

The fastest way to find a car value is to use Kelly’s blue book www.kbb.com. There you just type in a vehicle’s description and it gives you two different prices. The first price is how much a used car dealer would pay you for this vehicle. The second price is how much you would have to pay to buy this car from a private party. The only problem is that this doesn’t put your hands on an actual car for sale. To do this you go to eBay and click on the heading eBay motors. There you pick make, model, and year. Before you click search go ahead and select descending price as your sort criteria, this is a must as that an amazing 90% of the items listed are not vehicles but accessories.

The price you see to bid does not insure your ability to buy the car even if you are the highest bidder because many vehicles have reserve prices. This means that the owner will conduct the auction with an unknown amount that if not met, the owner doesn’t have to sell the car. In fact eBay doesn’t make any seller sell their car. Most owners go to a lot of trouble getting their cars ready for auction, with taking pictures, detailing the inside and washing the outside.

Many cars on eBay have a buy now at this price notation, this usually means that it is a dealer car who he as sitting on his lot at this price. Even if you do not meet the reserve price, or have any plans of buying the car at the “buy now price” you might want to still bid on the car because dealers often contact the highest bidders even when the reserve is not met if they want to move the car. Dealers only make money when a car changes hands. They make more money by either selling more cars or making more money per car. In this highly competitive marketplace dealers have learned to sell more cars. For example, a dealer will take in a 91 Porsche 928 as a trade in with a $14,000 allowance. He then list the car on eBay with a buy now price of $22,999 and a minimum reserve of $18,000. These are both just techniques to get people to bid higher and pay more.

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More from Auto-Car-Transport .com:
Getting to know the used car marketplace.
Finding the true value of any vehicle.
Getting the vehicle you just bought home, without too much nonsense.

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