Buying From eBay
Use the eBay buyer tools: Be sure to check the feedback from other buyers regarding the seller. Make sure the individual is rated as a seller, not a buyer. Read the auction description carefully and request more photos by e-mail if necessary to assure yourself you got the best used cars in this popular marketplace.
Watch the auctions for a while before bidding. Hit the "watch this item" feature to track sales and search "completed items" to track final sale prices.
Call the seller: It can be reassuring to develop a rapport with the seller, and sale terms may be more flexible than you think. Look for no-reserve auctions: Find the seller who doesn't set a minimum winning bid amount, which often is as high as the car's retail value.
And make sure you have an out: Bid only on auctions where sellers allow you to cancel after you inspect the car.
When it's time to pay, usually it's by cash so don't be surprised if the seller won't accept your check.
Very important: Have the car inspected by a mechanic. If the car you want is far away, don't worry. You can contact a growing number of mobile mechanics in the city where the car is sold and for as little as $100, check the car for you. Arrange for an inspection when you arrive. Also, the eBay site offers inspection services in 50 major metro markets, as well as a free limited warranty for the drive home for many cars. eBay could be a good source of best used cars.
If you have cash, you can also try Government Auctions. Decide on a fair price for a car, then bid and walk away. Don't get caught up in a bidding war and end up paying too much.
Factor in travel or delivery costs: Remember you have to pick up the vehicle or have it shipped when you win the auction. Include gas, hotels, food, lost work time and plane tickets in the cost. It makes no sense to take a chance on making a trip if you're not saving anything. Remember that your goal is finding the best used cars at a price you are happy with.
Buying from eBay auctions are revolutionary because they eliminate the part of the car buying experience many people dislike: the in-person haggling over price with a salesman. And without the hated haggling, you might end up with the best used cars in the car marketplace.
The types of auctions where you can bid: Online auto auctions like eBay Motors auto auctions, Yahoo Auctions, and Public Auto Auctions and Police Auctions & Government Auctions.
Insurance Auto Auctions & Salvage Auto Auctions are usually open only to dealers whereas Wholesale Auto Auctions are usually dealer to dealer type auctions only.
The key to getting good deals at public auctions is knowledge of what you're doing. Carry with you a Kelley Blue Book or NADA guide if you're going to a public auction.
If you have a Pocket PC or Palm Pilot, bring it with you so you can run the VIN number from the auction. That way, you can check the Title and find out if it had been salvaged, rebuilt, damaged by fire; check the Odometer to find out if it had been rolled back or broken; Problem check on the frame if there was water damage effectively putting the car in the category of a Lemon and lastly find out if the car was involved in auto accidents, auto theft or whether it was used by Police, Taxi, or if it was a Fleet car.
You can go to this site to Check Your VIN
With the right knowledge, you can get good deals in auto auctions but to the uninitiated, he might go home owning a car that had been bid high and priced a couple of grand higher than it's worth. Use your common sense to obtain the best used cars that are possible in auto auctions.
But private sellers have an inflated opinion of how much their car is worth. Get new/used car or refinance your car.
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