I'm so confused on this whole eBay thing...I'm think of placing a bid for a vehicle, but I don't understand why they'd start bidding so low?! Is that the only price I have to pay? What about tax, title and license? And if I do pay for tt and l, how do I find out how much that's going to be?
2006-07-21 04:14:40 · 9 answers · asked by Jessi-lala 2 in Cars & Transportation ➔ Buying & Selling
They start bidding low to encourage bidsbut yes, if no one else bids you win it at that price!
The Ebay forums are useful, make sure you know the sctript before you bid - you could easily get done!
2006-07-21 04:19:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If you are the high bidder, and there is no reserve price-or you have met the reserve - then you are the winner.
A reserve price, is the lowest the seller will sell for, so if all bids are under the reserve no sale obligation has been made.
Bidding often starts low as an enticement for more bidders to bid. If a seller has a low starting price and no reserve - he/she is gambling that the price will be bid UP, it often does happen this way, but there can be a surprise to the seller too.,
Just as with any place you buy a car, eBay, private owner, dealership - you pay the price for the car to the seller - your costs for title, license, tax, state inspection, etc. are all costs that you will owe to the state before you can operate the car on the highways. Contact your state DMV (Department of Motor Vehicles) for information on these costs.
Don't forget insurance too. And if the seller is not close, you may have considerable transportation costs to get the car to your home.
GOOD LUCK
2006-07-21 04:25:36 · answer #2 · answered by me 7 · 0⤊ 0⤋
First of all, you won't get the vehicle unless your bid is higher than the reserve (which most use, it's their secret lowest price they will take).
Then you are up against all the others who put bids on. The highest bid wins.
Transportation to your place YOU have to pay for. If there is sales tax and any other expenses are your problem. If you want to find out how much, talk to your DMV.
Once the bidding is past the reserve (which means that now the highest bidder gets the vehicle), you can bid as high as you want to go, but your high bid is not necessarily what you'll have to pay. It all depends on how high others will bid. I.e. you'll only pay the bid increment over the second highest bidder, even if you put in a bid for $1 Million
The bid increment (the lowest amount a bid can be increased) at $3,000. is about $50.00
2006-07-21 04:27:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You need to read their fine print. They sometimes add $500 to the ending price. You will still need to pay TT&L, those are never included. Best advice, ask the seller BEFORE you place you rbid so there's no confusion. And the bids start so low, because they are bound to get tons of bids on a brand new car starting at a hundred bucks, I mean, who wouldnt bid on that?! So it just gets higher and higher. Plus most will have a reserve price set, where if bids dont reach X-amount, they dont have to sell it until that price is met.
2006-07-21 04:20:24 · answer #4 · answered by heathermama_tx 3 · 0⤊ 0⤋
it depends, if the person wants that as a down payment or as the full thing, you have to read carefully upon what is written. The low bidding is so that the price may go up upon the other bidders. And if it says thats the price then its the price of the car,, the tax title and license would most likely be seperate.. hope it helpeed
2006-07-21 04:22:36 · answer #5 · answered by Danny 2 · 0⤊ 0⤋
The bid must meet the reserve (if it has one) otherwise you will only pay the bid you made. T T & L is always your responsibiliy but you will probably pay them to your clerk when you title the vehicle. If the seller is a dealer in your state, they may collect tax....Click on ask the seller a question, if you're not sure...if they don't answer you, don't buy from them....
2006-07-21 04:22:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Unless there is a reserve for it, then you've won it. YOu will have to figure out the title when you get the vehicle. They will base it on the cost of the car. You'll have to bring your proof of purchase when you go to register it.
2006-07-21 04:20:47 · answer #7 · answered by pamela_d_99 5 · 0⤊ 0⤋
ask seller all questions before you bid.
2006-07-21 04:22:36 · answer #8 · answered by norwood 6 · 0⤊ 0⤋
i think that u also have to pay shipping , insurance, ....... and what ever else ur state requires.
2006-07-21 04:22:59 · answer #9 · answered by paintball_freakk 1 · 0⤊ 0⤋