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Know the minimum price you'll accept for your vehicle
If you don't know your minimum price, consider researching similar vehicle values at eBay Motors, or try other vehicle pricing resources such as NADAguides.com, Edmunds.com or Kelley Blue Book (KBB.com).
Also, consider your vehicle situation:
- Are you trying to sell your vehicle quickly, or
- Are you "just fishing" for a price and are willing to re-list the vehicle if it doesn't sell right away.
Your answer will help you decide the right price for your situation.
In eBay Motors 'sell your vehicle' form, your minimum price should be set as the Reserve Price.
Note: A No Reserve auction is a very popular method to drive more bids than Reserve Price auction, but you should consider the following suggestions to make the most of the opportunity.
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Start the bidding low to sell high
In eBay Motors, the Starting Price in a Reserve auction is the opening price of the auction - not the price of your vehicle. Professional auctioneers use a low starting price to allow more bidders to participate in the auction - and more bidders give the vehicle a better chance of selling at a higher price.
You should choose a starting price that is a fraction of your Reserve Price to start your auction.
Note: With a No Reserve auction the starting price is the actual starting price of your vehicle. However, since each bid could ultimately win, there are typically more bids driving the price higher. See "Tips for a Quick Sale" below for more suggestions on No Reserve auctions.
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Use BuyItNow if you have an "asking price" for your vehicle
If you have an asking price, or a price you would accept for an outright sale, try using BuyItNow. If a buyer wants your vehicle at your BuyItNow price, they can click to buy it directly instead of bidding on the vehicle. It can be a fast way to sell your vehicle since anyone can accept your BuyItNow price at anytime.
But, remember your auction and reserve still apply if no buyer uses BuyItNow, so price accordingly!
Take me back to seller page
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Tips for a Quick Sale
Are you looking to sell your car in a hurry, and price is not as important as convenience? Here's some tips:
- Set a No Reserve auction with a very low starting price. The final high bid will win the auction.
- Try setting a very low BuyItNow price that you know is a "steal" for the right buyer.
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