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Used Cars For Sale On eBay

There are millions of used cars for sale on eBay every

single day. In fact, eBay Motors is one of the most profitable

sales division on eBay and naturally there are many

entrepreneurs who’re interested in jumping into this

market. For instance, eBay claims it sells an suv every nine

seconds and also the biggest online car dealer in America,

exceeding regular car websites. In fact, there are

15 million cars sold over the online market place each year – and

growing.

The recent rapid associated with the consignment business model

has made the vehicle market even more enticing. Many

sellers has the capability to sell cars they have never even seen and

with stop risk than the cost for this auction selling. Some

negotiators even persuade car owner to pay for the the ad,

thereby risking no more than their a little time.

The biggest single problem for this business design is the

trust of prospective you. After all, paying thousands or

tens of thousands of dollars for a car sight unseen is an

awesome leap of believe. Even buying for a plane ticket to go

see auto before paying causes buyers to be uncomfortable.

The easiest way sellers can overcome this fear is to apply an

escrow services. The one chosen by eBay is Escrow.com, which

handles eBay auctions in the and Ontario.

An escrow service works as a neutral to be sure. In an

exchange of merchandise, the buyer sends his money to

Escrow.com as well as the seller ships the product to the purchaser.

The buyer usually has two days to inspect his purchase, and

if she’s happy, he notifies the excrow company who releases

the money to the seller, minus its fee. If the buyer is

dissatisfied, he returns the undamaged merchandise to the

seller, and after the vendor receives his merchandise back

(in satisfactory condition), the escrow company returns the

buyer’s currency. Thus both sides in the transaction are

protected. The buyer almost always pays the fees for this,

although sometimes buyer and seller split the are priced at.

Escrow.com has built its “Vehicle Services Division”

specifically for dealing with the used cars, trucks, SUVs

and most situations else with wheels including a motor. The buyer

can possess a 160 point inspection performed before agreeing to

the expense. This is an inexpensive service and certainly

will save the buyer any headaches.

* Customer pays a $125 fee that is non-refundable

* The seller is contacted and the inspection is carried out

* The buyer receives a report

* The buyer chooses to go forward with obtain – or not

Another choice for the buyer is to deposit his payment with

Escrow.com and also take delivery of automobile. The

seller ships the car after he knows the money is secure with

the escrow company. The seller must provide tracking

information, that verified by Escrow.com.

The buyer has between one and 30 days to thoroughly inspect

his new purchase (the period is negotiated relating to the two

parties ahead of time). If this time expires and the escrow

company haven’t heard originating from a buyer, it assumes happy

and provides the purchase price to the seller.

The buyer may return his vehicle if the final results happy and

sometimes consumers work out partial payment

agreements, customer being satisfied with some aspects of the

transaction, benefits with some other. If a dispute arises, it is

settled from American Arbitration Association.

The fee for support is:

* $0 – $7,500 = value of vehicle: $125

* $7,500.01 to $15,000: $170

* $15,000.01 to $30,000: $200

* $30,000.01 to $50,000: $275

* $50,000 = 6% of the value

Once agreement have agreed, the title transfer process

begins and Escrow.com assures that this too, for a fee of

$95. Title transfers are handled by Centerpoint Diversified

Services which works in total 50 jurisdictions. The fee, naturally,

doesn’t include any transfer costs – it should be only insurance

that the title always be expedited to the satisfaction of both

parties.

Escrow.com has also a service that will ship cars almost

anywhere in the industry and will gather an auto history report

to inform sellers might new chariot has been salvaged or

stolen, suffered flood or hail damage, been within a fire or

accident, has an odometer rollback or has been used as a

police car, a rental or a cab.

Anyone considering offering used cars available on eBay would

be wise to thoroughly learn the support available

through Escrow.com and offer those to prospective buyers.

The trust factor will skyrocket plus your chances of

completing sales will dramatically increase.

About The Author:

Learn how you can sell on eBay with 16 hours of online instruction taught by a 10 year eBay veteran. Own an eBay business as an alternative to an eBay hobby.

http://www.auction-genius-course.com