I. Pros & Cons of Selling on eBay

Pros

  • You are going to get true market value for your wheels.
  • No tire kickers- those with cash to buy are going to bid, the rest will move on.
  • Your listing will be up for up to 10 days & your wheels should be sold within this time period.

 

Cons

  • Selling fees:
    Insertion fee $0.50 (per listing, for any duration) $5 for the first $50 plus 8% of the remaining balance up to $1,000 $81 for the first $1,000 plus 2% of the remaining balance over $1,000
  • eBay buyers can be fickle & make superfluous complaints knowing eBay + PayPal will typically side with the buyer.
  • If you have a set of wheels that you'd like to get higher than market price on, you'll have to be patient and post your wheels on a car forum.
  • Timing can make or break your sale, if you're selling on the first week of summer, people are usually out of town on vacation and your exposure will be limited.

Tips

  • Start your listing on Sunday @ 9:30PM PST
  • 7 days
  • Start with low bid
  • Set no reserve (have a friend with an account that can bid on the wheels if you're worried that the auction will close too low)
  • Take very detailed pictures or video over a newspaper or something with the date on it in the event a buyer makes a false claim stating you misrepresented the wheels.
  • Create a very detailed listing with any questions you think a buyer could want to know including: offsets, size, detailed pictures, etc.

ii. Pros & Cons of Selling on Craigslist

Pros

  1. No listing/selling fees
  2. Buyers see exactly what they're buying, all sales are final.
  3. Cash, no setting up of a PayPal account, eBay account nor waiting to transfer funds.
  4. No packaging or shipping required.

Cons

  1. Cash sales create opportunities for counterfeiters to exploit the sellers on Craigslist.
  2. Meeting unknown people at your home or place of business could leave you in compromising situation.
  3. If you meet the potential buyer in a public place you have to load the wheels into your car or truck and schedule a time for the potential buyer to look at the wheels.
  4. Craigslist harbors tire kickers, flakes, lowballers & unscrupulous people.
  5. Craigslisters want the absolute rock bottom price- you're going to be giving up the premium you'd see by listing on eBay or a Car Forum.
  6. Limited exposure to just the city you've listed your wheels for sale in.

Tips

  1. Before you meet anyone: talk with the person on the phone, Facebook their email address or name, Google their name & if you have any doubts just tell the interested party that you're only available later in the month to show the wheels and you'll give them a call when you're able to show them.
  2. Only meet people during the day time & have another person with you.
  3. Check for counterfeit bills by holding each bill up to a light. A counterfeit pen can easily be duped by spraying hair spray over a piece of paper.

iii. Pros & Cons of Selling on Car Forums

Pros

  1. Great exposure to the target market you're trying to reach.
  2. No listing/selling fees
  3. You're likely to get close to the fair market value for your wheels.
  4. Dealing with enthusiasts usually means you'll have a seamless transaction.
  5. You can see who you're dealing with, their involvement within the forum community by looking @ their profile & previous posts.

Cons

  1. Car Forum buyers can be capricious, make superfluous complaints knowing PayPal will typically side with the buyer.
  2. You will get some low ball offers and tire kickers.

Tips

  1. Take very detailed pictures or video over a newspaper or something with the date on it in the event a buyer makes a false claim stating you misrepresented the wheels.
  2. Create a very detailed listing with any questions you think a buyer could want to know including: offsets, size, detailed pictures, etc.
  3. Keep the buyer informed & try to ship out the wheels within the week.
I hope you found my guide for selling wheels, rims, tires or other items on Craigslist, eBay or Car Forums to be useful!


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