Buying Cars for Sale on eBay Using eBay’s Vehicle Services
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To eBay, its motors division is easily its most profitable. For an idea of the kind of business the online auction giant generates, you only have to look at their numbers – they sell several cars every minute. That makes them the largest online car seller in all the land – in most […]
To eBay, its motors division is easily its most profitable. For an idea of the kind of business the online auction giant generates, you only have to look at their numbers – they sell several cars every minute. That makes them the largest online car seller in all the land – in most cases exceeding what the carmakers themselves are capable of moving. What works for eBay of course works well for its many enterprising entrepreneurs. There are hundreds of car listings and dozens of new dealers who come online each day to put cars up for sale on eBay. Of late, what makes eBay ever more profitable to sellers is the auction site’s new consignment business strategy. It lets car dealers put up for sale cars that they don’t own. They just offer the owner of a car who wants to sell his auto, their eBay storefront and their goodwill. The cost of the listing is usually put up by the owner of the car. The eBay seller or storefront owner risks nothing and gains everything.
This way of offering cars for sale on eBay would be perfect if it weren’t for the way potential buyers can fear for their investment. How is anyone to trust that a car that even the eBay seller hasn’t ever seen is to be value for their money? It would be unreasonable to expect anyone to just put up thousands of dollars out of the trust for a product they haven’t ever seen. This is where eBay’s escrow service comes into play. The buyer puts his money into an escrow with eBay, and the auction company will not give the money to the seller of the car until the buyer is satisfied and releases payment. If the buyer is dissatisfied, he can return the car, and the escrow service gives him his money back.
But there is one little niggle that all of this still. If a car you buy happens to be unsatisfactory, who pays for the cost of shipping back and forth? And more importantly, who wants to wait that long for something that might turn out to be unsatisfactory? This is where eBay’s Vehicle Services comes into play. As a buyer, for any cars for sale on eBay, you can request a thorough inspection that eBay performs going over 160 points over the car. The service does cost $125, but it can make for great value. eBay’s escrow service even guarantees the whole title transfer process for another hundred dollars. To anyone considering buying cars for sale on eBay, the vehicle purchase process as guaranteed by the company can be a particularly valuable offering.
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