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Old 12-05-2013, 07:10 AM   #9
Xcellr8
Registered User
 
Join Date: May 2013
Location: Central Illinois
Posts: 403
eBay vehicles do have higher risk

As the previous posts report, there are good transactions and bad. Having purchased 3 cars on eBay and sold 1, it is my opinion that it all comes down to your tolerance for risk. If you can tolerate some unknowns and can deal with a few minor mechanical issues (the photos should eliminate most cosmetic issues) then eBay can be a viable source for vehicles. Major mechanical issues do void the transaction (if you want out), UNLESS the seller disclosed those issues in the description. You never have to accept a vehicle that is not "as described."

I promise you - there will be something that was not described, but by then you will have already traveled to pickup the car, hopefully already have it covered by insurance, and have an emotional attachment to your "new" Porsche. So, you have to decide if you can live with the undisclosed flaw.

Now if you have the car shipped, then your ability to void the transaction or reject the car is virtually lost. Still probably possible, but MUCH more difficult and expensive.

To reduce risk ask questions. Lots of questions. You can generally tell by the seller's replies if there is something to be wary of. However, many of the sellers are just trying to flip the vehicle and therefore are not as intimate with its details as a private seller would be.

With all this in mind, the eBay vehicle should be procured at a discount because they have higher risk. You can almost bet on needing to put some money into it to cover the undisclosed flaw(s). This same caveat could apply to a local purchase if you aren't thorough in your pre purchase inspection.

IMO-FWIW,
Joe
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