Quote:
Originally Posted by TisMe
Set a reserve that is comfortable and let the bidding start where ever. $100.00 will bring more bids and may get the auction seen by a few people searching for low prices.
I don't use buy it now as too many seem to click and then think they just got an option to think about it or ask questions, not actually buy it.
Mention that you have a buy it now price and to contact you for it. Always state that you have the car advertised elsewhere and reserve the right to end the auction at any time.
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thanks
That is what I have done currently. Set a low starting bid at 20k and set the reserve at 4k higher than the wholesale value.
I know what the wholesale on the car is through what carmax offered and two seperate dealers, + in 2k in tax credits if I were to trade in with a dealer, so if I get the reserve I would make 2k more than trading it minus advertising costs..
ps.. the prices that kbb and other publications say you car is worth both trade and retail are not even close rigth now.