Although it may seem like a daunting task at first, selling cars on eBay Motors can be more exciting and rewarding than you could ever imagine.
What keeps most people away from selling motor vehicles is the lack of information. You may be wondering how you could sell a motor vehicle without:
A dealer license
A car lot
Advanced knowledge of motor vehicles
Access to dealer auctions
While having any of the above would certainly be beneficial for expansion, you have everything you need to begin selling on eBay Motors right now!
Like any other product, the best way to learn about it is to do your research. You won’t need to go very far… eBay Motors is one of the best places to learn before you earn.
It is always more comforting to start with a product you have some experience with – how about your own car? You may own a car now or in the past that has been a great experience for you. Maybe it was ultra reliable, great on gas or just an all around pleasure to drive. What a great place to start!
Like any other eBay product, you can review the closed auctions to see how this particular model has been selling and at what prices. Also be sure to notice the number of bids and page views to the auctions where available. This will give you an idea as to the general popularity of this particular vehicle.
Of course the most important piece of information here is the final bid. Do your best to gather results from several winning auctions to get a good idea of the average selling price for this year, make and model.
OK, so now you know what you could expect to get when selling this car… But where do you buy one that you can sell for a profit?
There are so many sources for low priced used vehicles, most of them are right under your nose!
One of the best places to look is the classifieds section of your local newspaper. Armed with some real market values for these vehicles, you can now spot a bargain in no time!
Don’t be afraid to make some phone calls and be sure to find out why he/she is selling the vehicle. You can do some basic screening over the phone, but the best test is actually taking the car out for a drive. Once you spot a bargain, be sure to take it for a drive. I highly suggest bringing along someone with advanced car knowledge, maybe a friend or family member, to help assess the vehicle inside and out.
If everything looks OK, make an offer! Like real estate, you can never assume what a seller will or will not accept. You are looking to make a profit, and you can never get emotionally involved in any such purchase. If you are able to make a cash offer, by all means do so! Even if they don’t accept your offer, leave your name and number, and you will be surprised how often you will get that call back within a few days.
Once you buy the car, spend some time washing and detailing the vehicle. Like any other item you sell on eBay, the photos will do the selling for you. Make sure you take as many photos as you can, inside and out. Don’t avoid the flaws, highlight them – this builds your credibility with the customer.
Remember, you do not need a dealer license to resell a vehicle you purchased. This is titled in your name and you are free to do with it as you wish. Every state has laws that dictate how many cars can be bought and sold per year before you are considered a car dealer. That’s fine, because one you get good at it, you will WANT to become a dealer!
Here are a few other great sources for your first car to sell on eBay Motors: – Bank Repossession Auctions – Friend or family member (great consignment opportunity!) – Cars with FOR SALE sign on the side of the road
There is no shortage of vehicles to sell once you “tune in” to them.