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02-11-2009, 06:02 AM
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#1 |
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Confirmed User
Join Date: Apr 2003
Location: Texas / London
Posts: 2,204
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selling car on ebay
I am selling my 06 Porsche on ebay. Is it better to add a buy it now price or put in a low starting bid so start getting bids and interest early?
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02-11-2009, 06:22 AM
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#2 |
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Confirmed User
Join Date: Aug 2004
Location: On The Edge
Posts: 7,994
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In today's ebay environment, I would highly recommend that you do not start it any lower than you are willing to accept for it.
What I would suggest is that you list it as a BIN at more than you expect to get for it, and use the Best Offer feature. That way you are not obligated to accept any of the offers, unless someone just flat out does the BIN. It also gives you negotiation power. Please note that I have never sold a car on there, so I'm not 100% sure that those listing features exist on ebay auto, but if they do, that would be how I'd list it.
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~ Doer of Things at MetArtMoney Where Flawless Beauty Meets Art ~The MetArt Network ~ selena.delgado9 |
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02-11-2009, 06:27 AM
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#3 |
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Confirmed User
Join Date: Aug 2008
Posts: 1,719
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Set a reserve that is comfortable and let the bidding start where ever. $100.00 will bring more bids and may get the auction seen by a few people searching for low prices.
I don't use buy it now as too many seem to click and then think they just got an option to think about it or ask questions, not actually buy it. Mention that you have a buy it now price and to contact you for it. Always state that you have the car advertised elsewhere and reserve the right to end the auction at any time. |
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02-11-2009, 06:34 AM
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#4 |
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North Coast Pimp
Join Date: Dec 2005
Location: 304-534-757
Posts: 9,395
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Start the bidding at a buck..
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02-11-2009, 07:13 AM
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#5 | |
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Confirmed User
Join Date: Apr 2003
Location: Texas / London
Posts: 2,204
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Quote:
That is what I have done currently. Set a low starting bid at 20k and set the reserve at 4k higher than the wholesale value. I know what the wholesale on the car is through what carmax offered and two seperate dealers, + in 2k in tax credits if I were to trade in with a dealer, so if I get the reserve I would make 2k more than trading it minus advertising costs.. ps.. the prices that kbb and other publications say you car is worth both trade and retail are not even close rigth now.
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02-11-2009, 11:26 AM
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#6 |
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Work Work Work
Industry Role:
Join Date: Nov 2008
Location: EU
Posts: 20,060
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Good thing it's not a mercedes
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