hot_pastrami |
12-01-2003 06:07 PM |
Quote:
Originally posted by lumberjim
no, i meant the auction/price thing....if you put a reserve or starting price in that's too high, you don't get bids. If you go too low, you risk selling it for less than you need.
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Well, most people hate reserve prices, so my plan is to just put the starting bid at the minimum amount I am willing to accept. If no one is willing to pay that minimum, then it won't sell. The only risk there is that it won't sell, but that risk is present when selling through ANY medium. In fact, doing it this way helps shield me from calls I'd get if I listed it in the paper or AutoTrader, offering me less than I am willing to take.
As for the title clearing process, I planned to note in the auction that I have to close the loan once I receive payment, so potential buyers would need to expect the associated delay. Hopefully that won't scare off too many bidders. I've never heard of a tag place like what you describe, but of course that doesn't mean we don't have them. I don't really understand how they work from your description, though. I assume they're using power of attorney to do all of the administering of the loan payoff and the title transfer, all for some sort of percentage or flat fee?
I talked to my bank, and they said if I plan to sell the car, I can call them two days ahead of time, and they can get the title to my local branch. Then they can just hand it over when the loan is closed. So I don't anticipate a problem with acquiring the title if the car sells.
Quote:
Originally posted by FileNotFound
It's tough to sell performance cars on eBay. On one side you have to try to highlight the performance upgrades and the general performace of the car yet at the same time you need to make it clear that the car wasn't driven at 5,000+ rpm the whole 50k (even if it was).
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Yeah, that'll be tough. The car's been treated well though, with only occasional racing... hopefully I can convey that in a believable way.
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