posted on September 2, 2004 02:29:31 PM new
I know from previous posts a few of you have sold high ticket items. A friend of a friend called and wants me to sell a Namanny micro-reality race car set plus a large tent that it can be set up in. He still owes the bank over $34,500.00 on it so he would like to get that plus my commission on it. This is something you can take around to the malls and fairs etc. and charge to play.
I have several questions but the most important is how do you get paid by the bidder? Most people don't have that kind of money around the house or even in the bank. So if someone wins do you wait until they can get financing or what?
I'm not sure about taking something like this on. I usually require the item be in my possession for the time it is listed but I don't have a place for this.
posted on September 2, 2004 02:47:25 PM new
Skip it! (I would)
However if you have no ulcers yet, get a written contact from the owner. (No big deal just a statement of understanding). Charge your Ebay listing fees up front plus sold fees when sold and ask for at least 10 %. (Belive me you will earn it.)
posted on September 2, 2004 03:26:13 PM new
how much would the FVF be if it is sold??
if this is high and charged to your credit card,and the buyer bails out,it will take you days to get the refund .
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on September 2, 2004 04:18:50 PM new
When we sold Mark's Harley in April, eBay motors charged a flat final value fee. You could easily check that out on eBay.
I agree on the contract...spells everything out and there are no misunderstandings later. Never assume anything, it's not worth losing a friendship over. (Unless he's not a very good friend!) I do believe 10% is reasonable, and I KNOW you will earn it! Make sure your bidders KNOW they will have to pick it up or arrange their own shipping. Only accept forms of payment that you know will be good before a title is signed over and your friend should be present for all of this. I could go on and on.......
posted on September 2, 2004 05:34:30 PM new
Unless this is a very close friend or business associate you trust implicitly, never list anything you don't have in your immediate possession, contract or not. That is a cardinal rule I have set for myself and will not bend an inch on it. Dacreason has the best advice. Re-read his post, especially the first sentence.
A $75.00 solid state device will always blow first to protect a 25 cent fuse ~ Murphy's Law
posted on September 2, 2004 05:48:51 PM new
in a real auction,the bidder has to prove he has the means before he can bid,i dont know how this works on ebay??
ebay motor has a flat listing fee,i dont think it has a final value fee??
as how the bidder will pay,you can always offer paypal installment plan where a fixed amount is charge to his cc every month,this is one payment method where paypal will cover item severely not as described.
good luck,you may want to post your questions on ebay seller board,there may be some ebay auto sellers there.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on September 2, 2004 06:49:35 PM new
Those telling you to skip it are wrong. Why turn your back on a potential 3000 income to you. You're right that most people don't have that kind of money in their pockets, but an item like this will only be of interest to those that do have that kind of money in the bank. I'd make a contract beforehand with the friend of friend. Also, where is the unit now. I would only take it on if the unit could be placed in storage, and you have control over the key and possession, so in case it sells you can get at it. If the consignor has a problem with that, then forget it. Do some research beforehand if possible to see if the asking price is realistic. The whole thing is a waste of time if the fair market value is only 25k, but a great opportunity for you if the fair market value is 50k.
