Merchants Guide

Online auto auctions are also growing in popularity. One of the most popular online car auctions is eBay. On eBay Motors, any user can create an account and put their vehicle(s) up for auction.

There is usually a small fee associated with selling your vehicle on eBay. As of September 2008, there is a $20 insertion fee, which is waived for the first four listings in a 12-month period (relisted vehicles using the official eBay Relist feature do not count toward the listing count), and a $125 successful listing fee charged when the listing receives bids above the set reserve price ($100 for the 5th+ listing) for passenger vehicles. If there are no bids on your vehicle, or if none of the bids meet your reserved price (setting a reserve price will cost you $7 per listing), you will not be charged the successful listing fee.

Buying a car on eBay is even simpler. All you need to do is create an account, then proceed with bidding on your desired vehicle. Some automobiles will have a 'Reserve Price' which is the minimum price the seller will accept for the vehicle. If the reserve price is not met, the vehicle will be considered unsold. The bidding on some cars, particularly popular cars with a low reserve, can become fierce. Bids may be entered up to the very last second.

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