eBay Motors advice needed - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


Lounge For casual talk about things unrelated to General Motors. In other words, off-topic stuff. And anything else that does not fit Section Description.

Reply
 
 
 
Thread Tools Search this Thread
Old 01-06-2007, 02:12 PM   #1
Junior Member
Thread Starter
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default eBay Motors advice needed

Tomorrow I'm going to be listing a vehicle for my great aunt and uncle on eBay Motors. It'* a 1998 F-150 with low mileage and in good condition. I anticipate it to sell at about $5,500 (at least that'* what the reserve will be).

I've never sold anything big like this on eBay. I've sold junky cars, but for cash only. What forms of payment are best for a big sale like this? I won't accept personal checks, obviously. PayPal is an option, but the fees would be killer. So, what'* left? Cashier'* check or cash? I'd hate to get burned on this...but I want to be an accomodating seller to the potential buyer'* financial situation.

Thoughts?
vital49 is offline   Reply With Quote
Old 01-06-2007, 02:18 PM   #2
Senior Member
True Car Nut
 
Join Date: Feb 2002
Posts: 3,993
Thanks: 0
Thanked 0 Times in 0 Posts
JimmyFloyd is on a distinguished road
Default

I would say money order or cash. A non-refundable deposit of $500 via paypal or money order within 3 days is a good idea also. That way you cover your fees should they flake out later. You could also see about a bank transfer, but that'* more tricky. I'd say cash or moneyorder for the balance on pickup.
JimmyFloyd is offline   Reply With Quote
Old 01-06-2007, 02:21 PM   #3
Junior Member
Thread Starter
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default

Good point about the deposit, Geoff. That completely slipped my mind. $500 is not too unreasonable for a deposit.

I also thought about holding the title until the cashier'* check clears. But, that will probably make the buyer angry. I know it would make me angry.
vital49 is offline   Reply With Quote
Old 01-06-2007, 02:24 PM   #4
Senior Member
Posts like a Northstar
 
Join Date: Jun 2005
Location: Yulee , FL ___ SEBF Survivor
Posts: 700
Thanks: 0
Thanked 0 Times in 0 Posts
ChaseSmith is on a distinguished road
Default

Be careful with Cashiers Checks, we get fake checks with internet sales at work pretty frequently. You would be very surprised they were fake if you saw them.
ChaseSmith is offline   Reply With Quote
Old 01-06-2007, 02:29 PM   #5
Junior Member
Thread Starter
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default

Quote:
Originally Posted by ChaseSmith
Be careful with Cashiers Checks, we get fake checks with internet sales at work pretty frequently. You would be very surprised they were fake if you saw them.
My bank frowns on even accepting them because of the fraud with them.

Maybe I'll phrase it that I'll only "accept a certified check from a bank or cash for the final payment".

Good thoughts...thanks, guys!
vital49 is offline   Reply With Quote
Old 01-06-2007, 03:08 PM   #6
Senior Member
Certified Car Nut
 
Join Date: Oct 2002
Posts: 11,307
Thanks: 0
Thanked 0 Times in 0 Posts
bonnie94ssei is on a distinguished road
Default

Counterfeit chasier'* checks are are common scam. I've gotten e-mail after e-mail with those scam offers.

I agree with what everyone else said. I charged a $500 immediate deposit as well as a certified check of the balance WITHIN 7 days.

I wouldn't give them the title until the money cleared either! You shouldn't have to.
bonnie94ssei is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Multi-million dollar GMC Futurliner to be auctioned by eBay Motors niceguy GMC/Chevrolet Truck/SUV 1 07-15-2011 01:38 PM
Ebay Motors Gumball Lounge 19 01-24-2008 08:47 PM
Selling a Car -- Ebay Motors? osx Lounge 4 03-20-2005 04:28 PM
ebay advice needed! vital49 Lounge 11 08-04-2004 04:49 PM
Motors on Ebay. Roadrash187 General GM Chat 9 10-31-2003 08:05 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 12:31 AM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.