eBay Auto Auction: eBay Auto Auctions

eBay Auto Auctions: How To Make Money With eBay Auto Auctions

eBay auto auctions aren't only a great method of selling your old car or buy a new one for a lower price. It might be also an excellent way to increase your sales if you're already a car dealer, or even starting your new car dealing business. eBay auto auctions eliminate the need of having your own car store (with all expenses you will have to pay) as well as a lot of stress related to getting into a society of car dealers.

1994 Nissan : 300ZX: Sold for $4367

The basics of eBay auto auctions

Though eBay auto auctions are open also for newbies, you will have to keep in mind a few basic rules if you want to prosper.

First: while the prices tend to be a little lower than offline auctions, they generally keep to the official car value books. No miraculous transactions there, sorry.

Rule number two: unless there's a very special case, there's no chance to buy cars on eBay auto auctions in order to resell them later.

There are no separate wholesale auctions there – you will be always competing with individual buyers.

Rule number three: always have some technical/car mechanic support, especially if you're not a specialist yourself.

Be careful about what you're buying

There's a lot in the news about eBay auto auctions' scams – and it is always a buyer who suffers because of an unscrupulous sellers. The truth is that that's not always the case. You will need to make sure you won't be cheated by your shipping company or the buyer.

Make sure that your offer will have the “AS IS” clause – otherwise you might be forced to add whatever the buyer wants to the car – for free!

Also, make sure that you will have some document stating that you have sent the car unscratched and in good condition, so any possible damages during the shipping won't be your responsibility. While it might sound cynical, eBay auto auctions are often the place where everyone takes advantage of everyone else. If you're 100% honest, you'll probably be a minority – but one praised by the buyers, with a great potential to grow.