Does eBay charge for me to sell a car online?
I just inherited my dad's old Barracuda and it's a sweet muscle car and definitely in great condition for a collector, but I just have no interest in this at all. My tastes run to a Prius or similar. I'd like to sell the Barracuda but don't know what to expect. If I sell it on eBay how much do they take in transaction fees, if anything?
Congrats on getting the 'cuda. You're right, in good condition it's quite the collectible. In fact, there are fifty listings for Plymouth Barracuda on eBay right now, and it looks like good condition cars are selling for $20,000 and up, so if you have a low mileage car, you might be sitting on a wheeled gold mine. :-)
Then again, it's also a safe bet that eBay is going to take a cut of the action because that's how the company makes its money. On the page ingeniously labeled Fees for selling on eBay Motors, the company explains:
"There's no additional fee charged on the actual sale of the car after the vehicle sells. However, you'll be charged a successful listing fee regardless of whether you carry out the sale with the buyer."
Let's say that you list it for $20,000 and have a $25,000 "buy it now" price. According to their fees chart, you'd be liable for a successful listing fee of $125.00. If you sold it for less than $2000 -- which would be sad day indeed -- then it's $60.
That's not bad, really. If you sell it for $20K, the fee is 0.62%, Quite a bit less than that consignment lot down the street, I bet!
If you get enthusiastic and decide you want to start actively selling cars on eBay, realize that there's a pricing cliff at seven cars: once you've sold more than 7 cars in a calendar year, you'll have lower listing fees but pay an insertion fee instead. In other words, if the Plymouth Barracuda is the only car you're going to sell, you'll only have to pay eBay if a buyer comes forward. If you're in the business of selling cars (or motorcycles, boats, trailers, or other vehicles) then you'll be paying a per listing fee, regardless of whether buyers appear or not.
Having said that, there are a ton of upsells on eBay Motors, including fees for being a featured listing, featured plus! listing, shorter or longer duration listings, having a "buy it now" option, and having more than four photographs of the car. They can add up, but frankly if you're going to be able to sell the car for even $10,000 the fees will be a tiny fraction of the final price.
Finally, for those readers who don't know what a Plymouth Barracuda looks like, here's a photo:
(the above Barracuda, btw, had 38 bids and was up to $55,000 at the time I looked at the listing. Impressive indeed!)
Good luck with your sale. Take your time and don't miss out on all the revenue you should receive by taking the first buyer too. Trust the auction and spend the time to get really, really good photographs of the vehicle.
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