Posts Tagged ‘Honda’

Will selling car on eBay bring the highest price?

November 30th, 2012 4 comments

I put an ad on Craigslist and got an offer for $1900. I declined.

I went to Carmax and they offered $2400. I have a week to decide.

If I sell my car on eBay will I get more? I am hoping to get over $3000 for my 2002 Honda Passport LX with 170k miles.

Yes and no.

Since you set the "reserve" price on eBay (the lowest price you will accept before the auction can be "won"), then you determine what the selling price is before the auction even starts. If the bidding does not reach the reserve price, then you don’t sell it… plain and simple. If the reserve price is met, then it’s sold when the auction ends.

So, if you set the reserve at $3000, and the bidding never reaches that amount, you keep it and try again or choose an alternate method of sale.