eBay is becoming a more popular location to acquire an automobile, whether new or old. But, like with any car purchase, you should do your research before handing over your cash. What you need to learn about buying a car on eBay is outlined below.
Do Your Research Before Purchasing a Car on eBay.
Auto dealers on eBay range from independent sellers to expert used car lots. Before you start buying, regardless of who you shop from, there are a few things you should know.
• Safety and Emissions Regulations: Go to the Bureau of Motor Vehicles’ website to learn about your state’s emission control regulations. Even if you’re only going to shop in your state, having this knowledge on hand is still beneficial. Enter a search term like “vehicle inspections” and your state’s name to find the information. Instead of using DMV.org, seek out information straight from state websites.
• Title and Registration Forms: Find out what forms you’ll need to switch the title and certification in your state. If you’re working with a dealer, they may handle this for you, but it’s still a good idea to know what to expect.
• Taxes: You should be aware of your tax obligations. In most cases, sales tax is computed based on the vehicle’s current condition. If the charges are different, you’ll most likely be accountable for the discrepancy, which can be a huge windfall when tax time rolls around if the rates are higher.
• Inspection and Delivery: Please note that if you can’t get to a car conveniently, you’ll need to schedule a supplemental inspection by a professional as well as pick-up or delivery, which might cost hundreds of dollars. Look into local companies that provide this service or speak with a local dealer about it. You’ll be ready to explore if you have everything noted and properly documented in a convenient location.
Find Cars On eBay
Locating a car on eBay is quite simple, as the company has a specific site for it, eBay Motors, which includes a search bar at the top.
For example, if you only like to look at automobiles in your state or within a particular mile’s radius, you can input your postcode and a set number of miles surrounding it. You may also filter the results by make, model, and year range. eBay will do a lot of the legwork for you. There are three tabs at the bottom of the listing if you scroll down:
• Description: The description includes data from AutoCheck, eBay’s verification service, which provides you with a plethora of information on the car, including its Vehicle Identification Number or VIN. You can use the VIN to check the vehicle’s history on your own by using a service like Carfax.
• Vehicle History Report: A vehicle background report for that VIN can be seen on this tab.
• Shipping and Payment: This link provides quotes from several automobile transport firms.
Let’s pretend for the time being that everything concerning the vehicle is in order. You can choose between two options:
• Buy It Now: Purchase the vehicle without going through the auction process.
Some listings are sold for “or best offer,” sometimes known as “OBO.” Please inquire with the seller about the variety of offerings they’d consider. Check the auction’s regulations as well. Some auctions are “no reserve,” meaning the automobile sells regardless of the final offer, while others have a minimum sale price.
Examine the Cost
It’s critical to compare a car’s pricing to what others spend when purchasing one. To begin, look it up in the Kelley Blue Book to see whether it’s for sale at a reasonable price.
The KBB site will ask you a few details about the car’s condition, whether you’re dealing with a dealer or a private seller, and the location, and then provide you with a price range similar to the one shown above. Keep this range in mind; if your bid plus additional charges begin to approach the high end, it’s time to exit the auction.
Remember that mileage affects costs, so there won’t be a great fit. Nonetheless, this will provide you with a wide selection of options to consider as you put a bid.