Good morning all,
I'm looking to put my girlfriends car up for sale on ebay motors, something I've not done before.
The car is likely to sell at £1,200-£1,500
From what I can gather the (god awful) fees will be, £8 for the listing, £4 for a reserve price and £20 for the final value fee as the cars priced at between 1p and 2k (lol). Totalling £32 assuming it sells.
Now I'm a little concerned with how I should accept payment. I see many listings have a "£x via PayPal within x hours of auction ending" - is this for to ensure the seller is genuine, or to make up the cost of the fees (or both)?
I will encourage people to view the car whilst the auction is on.
When it comes to actually selling the car, what kind of payment would you recommend to ensure I'm not screwed over? Cash on collection seems good but is open to fake notes - is it reasonable to ask a buyer to come to a bank with you during opening hours and deposit the money straight into your account? I don't feel comfortable letting someone take the car and then finding out a day later they paid in fake notes.
Also BACS bank transfer - this would be ideal, would a seller likely agree to this after they've seen the car and are certain on the deal?
The insurance on the car itself has just run out and it's being kept in a private locked garage. How does the whole testdrive thing work - is it our responsibility to insure the car for say 1-2 weeks for test drives or can we ask to see if the buyer has insurance to 'drive all cars' (as he/she can notify their insurance company that they'd like to have a days insurance on the car, right?)
I'm also open to suggestions on other places to sell the car online besides ebay and Gumtree. What's autotrader online like? What kinda fees are involved?
I realise there are a lot of questions here so many many thanks to whoever can provide me with some help! Will rep anyone who does.