| Every single day there are tens of thousands of cars | | | | returns the item and the escrow company returns the |
| for sale on eBay which makes the eBay motors | | | | buyer's money. |
| division the most profitable department within eBay. | | | | The online vehicle sales business has become so large |
| There millions of cars sold online every year and eBay | | | | that has even opened a division that only deals with |
| is getting a big portion of it. | | | | vehicle sales. They even offer an inspection service |
| There is large numbers of people making a living just | | | | which at this time is $125, not too bad for the piece of |
| taking cars on consignment and placing them on eBay. | | | | mind it affords. |
| Some of these people have never even seen the car | | | | Through the buyer can also deposit his payment with |
| they are selling! This is a great business, usually the | | | | them and negotiate a period of up to 30 days to have |
| only risk is your auction fee and some shrewd | | | | the vehicle completely looked over. This time period |
| consigners even get the car owners to pay for that. | | | | must be agreed upon by both parties before the |
| As with most other online businesses, the biggest issue | | | | transaction is consummated. If the buyer doesn't |
| to deal with is gaining the trust of potential buyers. This | | | | contact the Escrow Company by the end of the |
| can be a little difficult for someone just starting to do | | | | agreed upon period then it is assumed the transaction |
| business on eBay. But, you can hardly blame the | | | | is valid and the money is distributed to the seller. |
| buyers who are spending thousands of dollars on a | | | | Another value added service that has been |
| vehicle they have never physically seen.eBay in their | | | | implemented recently is worldwide shipping. will ship |
| infinite wisdom has set up escrow services to help | | | | vehicles almost anywhere in the world, well except for |
| alleviate these fears. This definitely seems to help | | | | Cuba. LOL. They will also get a vehicle history report |
| when the buyer knows that the money is going to be | | | | like CarFax that tells the history of the vehicle and |
| kept by a third party until the transaction is completed | | | | whether it has ever had major damage, been stolen, |
| smoothly. The escrow service of choice is The way | | | | or even if it has been a vehicle for hire. |
| thee system works is the buyer gets two days to | | | | With all the positives offered here it would be wise to |
| inspect the vehicle, if everything is okay he notifies the | | | | utilize the aforementioned company for any vehicle |
| escrow company and they release the funds to the | | | | transactions online. |
| selling party. If the transaction goes south, the buyer | | | | |