BestOnlineBid.com
If I sell my car via online auction, should I expect to sell it for significantly less (cont. in details)?
than if I sold it privately via ads in the newspaper? And how much in comparison to if I sold it to a dealership?
Public Comments
- A auction you will what ever a person is willing to give you for this car at this time? A dealer will give you kelly blue book price..
- There is no easy answer to this. It depends on many factors such as make, model, mileage, condition, pricing, etc. Dealer - You will always get the least because they never pay Blue Book. They instead use Black Book which is based on auction prices. But sale is instant. Newspaper - Will get the largest exposure but if not priced right no one will be interested to call. Can take days, weeks or months to get a potential buyer. I remember this one seller who kept dropping the price like $500 each week cause no one would call. Went from $10k to $7k. Dont know if he finally sold it or not. eBay - You can sell fast by using no-reserve auction starting at $1. You have to sell to the highest bidder no matter what the bid is. I sold my car this way and I ended getting $1000 more than I had advertised on Craigslist. I spent a lot of time posting 30 pictures and lots of descriptions. Bidders love that.
- Usually, but not always. Its hard to compare without knowing the price range of the car you are talking about but Kelly Blue book lists 3 prices. Trade in, Private party and retail. There are HUGE differences in prices.
