Online Car Auction: The Best Articles, News & Resources

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::: Online Car Auction Articles :::

Understanding Local Car Auctions

by Marc Lindsay

Buying cars from auctions can end up in a profit or a loss depending on your understand on cars and how the car auction process works. It is always good place to get a bargain because when you buying a car at an auction you're not paying dealer prices; neither is you paying for a guarantee. What you see is what you get is the theory behind car auctions.

So you should have some knowledge and experience with motor vehicles before you attempt going to a car auction let alone buying one. On the end hand, what you do need is a good attention to detail, wiliness to learn and great observation skills. Once you can master the technique of buying good low cost cars you'll be able to sell them for profit.

There are two types of car auctions. The traditional local car auctions and the online car auctions.

Local Car Auctions

When entering a local car auction you will need to pre-register upon entering. There should be staff on hand to explain to you how to register and how to make your bids and general rules of the auction. Make sure you don't just bid on everything because if you win you bought it.

You should inspect the cars that you're interested in. Make sure you do a through check to ensure it's a good buy not a dud. If you want to inspect the car closer you may have to ask for permission from the staff on hand. It's wise to check up on the cars you want to bid on and make sure you set a bid limit otherwise you will be another victim of overbidding.

When placing your bids ensure that you signal the auctioneer clearly to avoid any miscommunication. If you're in luck you might just walk away with a really good price on a car or cars. Each time you win a bid talk to the block clerk and tell them you want to settle your accounts. One of the staff on hand should be able to walk you through the payment process and the exchange of title.

Before you settle you have to also do a final check on the vehicle. You're also allowed to take the car for a test drive before settling on the accounts. This is a way for the auction to ensure you the buyer that you didn't buy a broken car and that it's functioning properly.

At last settling your accounts. Most auctions allow you to pay by credit card and check and of course CASH! You might be asked if you want to have a third party finance the car for you. Here's a tip, if your going to do finance make sure you get your finances organised outside of the auction. Third party financing at auctions usually come with a higher interest rate.

Once you have settled your accounts you can either drive away or ship it to your destination. If you need to ship your newly bought car ask the car auction manager for a good rate on shipping. They will usually give you a better rate. Online Car Auctions Offline car auctions are a little different. You don't get to inspect the cars in person however you can request images of the car. If you're interested in online car auctions make sure if you do buy one inspect the car as soon as it arrives and if there is anything wrong with contact the online car auction site immediately.

About the author:

If you are looking for car auctions or car auction information then http://www.carauctionscritic.com can help you.



Selling on Auction Sites

by By Stephen Bucaro

Reprintable Article: Permission is granted for the
following article to forward, reprint, distribute, use for
ezine, newsletter, website, offer as free bonus or part of
a product for sale as long as no changes are made and the
byline, copyright, and resource box is included.
----------------------------------------------------------
Selling on Auction Sites

By Stephen Bucaro

It seems like just about everyone on earth has purchased
something at, or at least visited, eBay. There must be a
hundred books out there titled something like, "How to
Get Rich Selling Useless Trash on eBay". Well, if you
believe that, I have a bridge that I’d like to sell you.

The people that I know who sell on eBay spend many hours
tracking down items to sell. Then they have to spend time
entering auction information, reviewing the status of
their auctions, communicating with buyers, and packaging
and shipping the item. If they counted the number of hours
used relative to the revenue earned, I’m sure they are
working for less than minimum wage.

Many people are asking the question, "What sells best on
eBay?" The answer is antiques, collectibles, and
memorabilia. If you don’t have a continuous supply of this
type of material, it is difficult to make money on eBay.
Lately, there has been a market for "garage sale" type
items such as used baby clothes and children's toys. But
who has a continuous supply of these?

Along with the time invested in locating items to sell,
they have to pay $1.00 to list the item (whether it sells
or not). If it sells, they pay an additional $1.25 and
2.5% of the selling price. If the buyer pays through an
electronic payment service like Paypal or Billpoint, then
they pay an additional $0.30 plus 3% of the selling price.

Who pays the shipping charges? The seller may think that
the buyer is paying shipping charges. But because the
buyer considers it when evaluating the purchase, in effect,
the seller pays the shipping.

Why do people keep working eBay if they are not making
money? The fact is that these people just love scouting
out antiques, collectibles, and memorabilia, or used baby
clothes and children's toys at garage sales and swap meets.
They get excited about posting it on eBay and watching the
bids come in. Hey, everybody needs a hobby.

To sell on eBay, you have to register by providing your
name, email address, and a credit card number (for paying
auction fees). Then, with your user ID and password, you
can log in. To list your item for auction, click the "Sell"
link on the "Welcome" screen. This takes you to a very
long form.

The first thing you have to do is choose a category and
sub-category for your item. Choosing the correct category
is essential. When choosing a category consider your
target buyer.

Next, enter a title for your item (45 characters max).
Your title should consist of carefully selected keywords.
Buyers use keywords to search eBay. At the end of your
title, you might want to enter the letters "NR". This
stands for "No Reserve" and means that you are actually
willing to sell your item at the price you enter as the
minimum bid.

Next, enter a description of your item. Fraud is a concern
on all auction sites, so make bidders feel at ease by
giving as much information as possible. Then enter your
City and State.

Next enter a "Minimum bid". This is the lowest amount you
are willing to accept for the item and the amount you
require to make the minimum acceptable profit. Then set
the "Auction duration", the number of days that you want
your auction to run. For best results, your auction should
end on a Sunday.

If you don’t want to actually sell your item at the
minimum bid amount, then enter a "Reserve Price". This is
a price higher than the minimum bid, at which you are
actually willing to sell your item. Buyers can’t see your
reserve price, they only know there is a reserve on your
item. Buyers don’t like reserve price auctions, so you
might want to leave this entry blank.

Next, you can select many optional features for your
auction, such as prime product placement, double category
placement, a small picture in eBay’s Picture Gallery, and
so on. But these options are costly.

Next, set checkboxes to select the types of payment you
will accept; checks, money order, etc. Then enter any
shipping, handling, insurance, and sales tax charges.

Next, enter your return policy. If you don’t want to have
to refund money to a buyer, enter "No Returns". Then set
the radio button for "I will not accept escrow." For an
expensive item, you might accept an escrow. Escrow is when
a third party holds the buyer’s money until he receives
the item. Then, if the item is acceptable, he gives the
escrow company permission to release the funds to you.

Next, unless you want to ship overseas, set the radio
button for "Will ship to United States only". Then select
the checkbox for the shipping payment method; "seller pays
shipping", "buyer pays actual shipping cost", or "buyer
pays fixed amount".

This is a lot of information to provide on a form. If you
sell many similar items, you can set a checkbox for eBay
to remember your preferences so that you don’t have to
fill out the entire form each time.

Next, click the "Continue" button. You are then given an
opportunity to review your listing and correct any errors
before submitting. After reviewing your listing, click
the "Submit" button. Your item will be posted for auction.

Now that your item is listed, you can login to eBay at any
time and click on the "my eBay" link to get the status of
your auction. If your item is sold, you will be charged
$1.25 plus 2.5% of the final sale price. If the final sale
price is $25.00 or less, the fee is 5.0% of the final sale
price.

That’s the basics of selling on eBay. If you feel you need
to pay good money for a book titled "How to Get Rich
Selling Useless Trash on eBay", then meet me on eBay, in
the "Bridges" section.
----------------------------------------------------------
Resource Box:
Copyright(C)2002 Bucaro TecHelp. To learn how to maintain
your computer and use it more effectively to design a Web
site and make money on the Web visit:
http://bucarotechelp.com
To subscribe to Bucaro TecHelp Newsletter Send a blank
email to bucarotechelp-subscribe@topica.com

About the Author

Stephen Bucaro is the webmaster at bucarotechelp.com



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