How to Sell Cars on Consignment on eBay
EBay is well-known as the world's largest online auction site, but you may not be aware that it has a special category designed for selling automobiles. EBay Motors allows sellers to list anything having to do with automobiles all in one place. If you are interested in selling cars for someone on consignment, listing them on eBay Motors can be a great place to do it.
Other People Are Reading
Instructions
-
-
1
Decide how much you will charge for listing the car for another person. Depending on how much the car is worth, you may wish to ask for a percentage of the amount it sells for, or require a set amount that you will keep when the auction closes.
-
2
Ask the seller how much profit they want to receive when the car sells. Since both you and eBay are paid out of the proceeds, the final price should cover the cost of the car, the profit on selling it, the fee you will pay for listing it and the fees eBay will get for listing it on its site.
-
-
3
Discuss whether you will list the vehicle through your store or run an auction for it. EBay allows sellers to put items into their store at a fixed price (the price does not change) or sell them at auction, which normally starts at the minimum amount you will take for an item with hopes that the bidding will go higher.
-
4
Make sure both parties are clear on how eBay fees are paid. Regardless of whether the item sells, once it is posts on eBay Motors a fee is charged. EBay has two types of fees: an insertion fee, which is charged when the item is listed, and a final value fee, charged when the listing ends, if it sells. If you have doubts as to whether the car will sell, it may be preferable to have the seller pay you for the insertion fee before you list it for them.
-
5
Verify the details before you list. Although the car does not belong to you, the car will be listed under your user identification; if there is a problem, it will reflect on you. Make sure to find out about any engine problems, paint scratches or repairs before listing the car.
-
1
Tips & Warnings
Although eBay Motors is its own category, you may still access it through the main eBay website, www.ebay.com.
If the buyer of the car uses PayPal, there will also be a fee collected for using PayPal's service. Make sure to include this figure in the total amount of fees you should be reimbursed for.
