Ebay reserve price
Discussion
Trevor555 said:
Because they want to buy it today?
Or they want an idea if your car is the right money before they start bidding, so they don't waste 7 days.
Yep. Spot on.Or they want an idea if your car is the right money before they start bidding, so they don't waste 7 days.
Fore Left said:
Better to make the starting price the minimum you'll take. Won't get people asking the reserve that way.
Unfortunately you won't drum up the interest this way, as most people just want a bargain.You'll definitely avoid the timewasters though.
Auction houses are kind enough to give estimates - the unwritten rule being the reserve (if any) should be a similar amount (to the estimate).
Therefore I think it is good form to at least give an indication (on ebay), so the bidders know they are in with a shout or not.
I've seen statements like reserve set at WBAC value, or PX offer etc
I've sold a number of cars on eBay with 'no reserve' (everything from a £1500 Audi to a £57k Porsche), my thinking is if you plan to auction, then super low (or no reserve) if which case you should be proud to tell the bidders, if you want a high reserve (minimum price), then you may as well use a classified add.
This works for run of the mill stuff, but perhaps not super rare and exclusive cars.
Therefore I think it is good form to at least give an indication (on ebay), so the bidders know they are in with a shout or not.
I've seen statements like reserve set at WBAC value, or PX offer etc
I've sold a number of cars on eBay with 'no reserve' (everything from a £1500 Audi to a £57k Porsche), my thinking is if you plan to auction, then super low (or no reserve) if which case you should be proud to tell the bidders, if you want a high reserve (minimum price), then you may as well use a classified add.
This works for run of the mill stuff, but perhaps not super rare and exclusive cars.
blue_haddock said:
If you just want it gone remove the reserve but remember a lot of the bidding happens on the last day/last few hours anyway.
This is the first vehicle that I have sold via auction, although sold plenty of low value stuff this way, and purchased. Think I will hang on and see what happens. I always sell cars on ebay with no reserve. That way potential buyers know the car will sell and are more likely to "watch" and bid for it. The more bids you have, the more people think that the market thinks it is a car worth bidding for and I think they are more likely to pay a little more for it.
If an item has a reserve I will often simply move onto the next one and many others do exactly the same.
Obviously I take a chance the car will sell low, but its only happened once and that was because it was the second week in January. I won't do that again :-)
If an item has a reserve I will often simply move onto the next one and many others do exactly the same.
Obviously I take a chance the car will sell low, but its only happened once and that was because it was the second week in January. I won't do that again :-)
keith333 said:
I always sell cars on ebay with no reserve. That way potential buyers know the car will sell and are more likely to "watch" and bid for it. The more bids you have, the more people think that the market thinks it is a car worth bidding for and I think they are more likely to pay a little more for it.
If an item has a reserve I will often simply move onto the next one and many others do exactly the same.
Obviously I take a chance the car will sell low, but its only happened once and that was because it was the second week in January. I won't do that again :-)
The flipside of this is expecting people to bid on a car they haven't seen.If an item has a reserve I will often simply move onto the next one and many others do exactly the same.
Obviously I take a chance the car will sell low, but its only happened once and that was because it was the second week in January. I won't do that again :-)
Ok if they're local, they can pop round before bidding.
But I'd never bid on an expensive car without seeing it, or meeting the owner.
So I'd be one of many buyers you'll rule out.
I agree auctions can sometimes get people bidding a little more as desire steps in, but another point is you're going to be dealing with someone you may not have spoken to.
Whenever I sell a car I like to at least speak to them on the phone before inviting them to my house.
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