The variables you have little or no control over
include what options the car has (power windows,
automatic transmission, and so on), what model
year the car is, and what type of car you have.
We wish we could tell you that you can use the
Internet to turn a 1978 Chevette into a 2000 Corvette
(what a difference two letters makes!), but that
just isn't so.
The Bible of used cars is the Kelley Blue Book.
You can buy the book itself through an online
bookstore, such as Amazon.com,
Borders.com, or BarnesandNoble.com,
or you can go directly to the Kelley Blue Book
Web site (at www.kbb.com)
to check out a wealth of information about every
car model imaginable. You can use the information
that you find online as a base to figure out what
your car may be worth.
Edmunds.com (at www.edmunds.com)
is a similar service that bases its information
on a popular line of books. The Web site does
a nice job with its valuation of all used car
models, offering detailed evaluations and both
trade-in and market prices. A car's trade-in price
- what a dealer is likely to give you for the
car if you trade it in for a newer model - is
lower than its market price. A car's market price
is lingo for the price at which a dealer expects
to sell the car to an individual.
CarPrices.com (at www.carprices.com)
is another great place to find out how much your
car is worth. Click the Used Cars button on the
home page of this Web site to access a section
that enables you to check a trade-in's value by
make and model. This site offers both a wholesale
and retail value for the car of your choice.
Taking
an Online Tour of Your Disposal Options
Time
spent on the Internet is time well spent if you
figure out from your online forays how to get
the best value out of your existing car. Your
choices vary, and you can make your decision easier
by thoroughly exploring your online options. If
you can discover what kind of market exists for
your car, you can tap into it effectively. Some
cars are much prized in the used-car market. Others
are perfect only for the junkyard but worth
a tax deduction if you donate them to a worthwhile
charity. All you need is the knowledge of where
to find these resources, and that's what we show
you in the followin sections.
Online
newspaper classifieds
Most
newspapers across North America and elsewhere
contain classified advertisements. Many newspapers,
in fact, rely on the income that classified ads
generate to support their news-gathering activities.
As
newspapers struggle to find their place in the
Internet era, many of them find posting their
classified sections online useful. This practice
enables you, as a vehicle seller, to consult various
classified sections online to compare what other
sellers are asking for cars similar to yours.
You can also use the Internet to place your ad.
TIPS!
Two key Web sites are worth bookmarking to provide
you with direct access to most newspapers in the
world. Bourque Newswatch (at www.bourque.com)
provides direct access to hundreds of American
and Canadian newspapers from one easy-to-navigate
home page. OnlineNewspapers.com (at www.onlinenewspapers.com)
is a more complex Web site full of listings for
major newspapers from around the world.
These
two URLs alone plug you into almost every key
newspaper that you can find on the Internet. And
in these newspapers, you can find tens of thousands
of newspaper classified ads for cars online.
Here's an example: From the Bourque Web site,
we recently accessed the Arkansas Democrat Gazette
(at www.arclerngaz.com)
to consult its classified ads - just click the
Classified Ads button. There, we easily found
the automotive page by clicking the Automotive
link, and typing the word Chevrolet into its simple-to-use
search engine. In an instant, we received details
about hundreds of Chevrolets for sale, including
model, year of manufacture, features, and asking
price. This method is a terrific way to find out
what others are asking for cars similar to yours.
Next,
we consulted the paper's Info & E-mail page
(just click the Info & E-mail button), which
gave us all the information we needed to submit
our own classified ad. This section of the site
even enables you to use an online form to submit
the ad directly to the paper's Classifieds department.
Many other newspapers, from The Miami Herald (at
www.herald.com)
to the Toronto Star (at www.thestar.com),
work along similar lines.
TIP!
Given the incredible reach of the Internet, visiting
several newspapers online within your geographical
area to compare both car prices and ad costs is
always worthwhile. By finding out what prices
people are asking for cars similar to yours, you
can make sure that you get a fair price for your
old jalopy. And by comparing ad prices, you can
make sure that you're not paying too much to place
an ad.
Online-only classifieds
A number of independent online used car Web sites
have recently set up shop as e-commerce operations.
They thrive exclusively online and are well worth
considering as a potential place to list your
car for sale because they contain many more listings
than newspaper classifieds do, and they reach
a larger number of prospective buyers.
AutoTrader.com
(at www.autotrader.com)
is one such place. This Web site bills itself
as the worlds largest selection of used cars with
"more than 1.5 million listings, updated
daily".
What we love about AutoTrader.com is that it enables
you to list your car for sale for free. Obtaining
that free listing is a simple six-step process:
Select Your Make, Select Your Model, Enter the
Year and Price, Enter the Description, Enhance
Your Listing, and Enter Your Personal Information.
After your entry is satisfactory to you, submit
it and wait for a buyer. (You can modify or remove
your listing at any time.)
America Online (at www.aol.com)
offers its own classifieds: ClassifiedsPlus. Users
benefit from access to the world's biggest online
community. You can access the classifieds section
directly off the main AOL home page by clicking
the Classifieds link. From there, AOL prompts
you to follow a Place Your Ad link to the Place
an Ad page. From there, click the Vehicles link;
this takes you to a page from which you can choose
categories ranging from motorcycles to RVs to
parts. The drawback here is that when you click
the Used Cars link, you're sent to AutoTrader.com.
Still, the combination of an AOL-AutoTrader linkup
is a powerful siren call for your ad placement.
Trader
Online (at www.traderonline.com)
is another great classifieds Web site. As a supplement
to the Trader newspapers that you can buy at news-stands,
Trader Online offers for sale cars, trucks, boats,
RVs, and more just about any mode of motorized
travel you can think of. To sell your car for
free, click the Autos tab (or whichever of the
others best describes the vehicle you have for
sale) and then click the FREE classified listing
link. This site also offers a link to the Kelley
Blue Book site so that you can determine a fair
price for your car.
AutoWeb.com (at www.autoweb.com),
in affiliation with UsedCar.com (at www.usedcar.com),
charges a monthly fee and promises that your ad
is going to "reach three million potential
car buyers a month." A bonus is that your
AutoWeb listing is also posted on Yahoo!'s classifieds
page (at automobiles.classifieds.yahoo.com)
for additional exposure.
WorldWideWheels.com (at www.heels.com
on the Web) bills itself as the "most comprehensive
automobile site on the Net." You can place
used car ads here, with or without a photo, for
free, and the listing process takes just one or
two seconds. All you do is click the Place a Free
Ad link, click the ad form link, and fill in the
requested information. You must renew the process
every three weeks, however, to ensure that the
listing continues; this requirement helps Web
operators keep track of which cars are still for
sale.
CarShoppers.com (at www.carshoppers.com)
also offers free classified ads with photos. You
must be a member of this site to use it, but membership
is free.
AutoNetUSA.com (at www.autonetusa.com/index.htm)
is another interesting Web site. It promises the
buyer "a faster, easier way of shopping for
a new or used vehicle." And anything that
enables a buyer to find your car more easily is
well worth taking a look at.
CarPrices.com (at www.carprices.com)
is also open to members, and its membership is
free. During our recent visit, new members were
enticed to sign up with an offer of free long-distance
telephone service. This Web site offers a simple-to-use
ad placement form for the seller, and buyers can
enjoy the ease of searching for specific used
cars.
On a much smaller scale, the Automotive Database
Web site (at www.vaxxine.com/adbase/)
lists both vehicles for sale and vehicles that
people want. Users not only can browse, but also
can post ads in both sections. The listing for
each particular car is rudimentary, and interested
parties contact the seller directly through e-mail.
Although not the vastest archive of vehicles,
this site's user-friendliness is attractive.
REMEMBER!
Online classifieds offer you a great way to get
your car out into the open marketplace. But that
open marketplace is highly competitive and contains
many, many listings from just about everywhere.
Consider the key selling points of your particular
car and use them in your ad to highlight why a
buyer wants to choose your car instead of someone
else's similar offering.
TIP!
Because many locations offer free ad placements,
you may want to try posting your ad at several
sites to ensure maximum exposure. AutoTrader.com,
WorldWideWheels.com, and CarPrices.com are good
choices.
Online
auctions
Some
of the most popular e-commerce operations on the
Internet are auction sites. Operations such as
eBay.com (www.ebay.com),
Bid.com (www.Bid.com),
and a host of others attract millions of loyal
users. Some observers think that online auctions
may one day replace classifieds as the medium
of choice for the majority in selling and buying
between individuals.
You can find many different types of auctions
online:
- Regular auctions, or English auctions, are the
most popular. Generally, buyers bid on an item
until the auction ends, and the item sells to
the highest bidder at the end of the auction.
If a seller lists an item with a minimum reserve
price, this ensures that the product doesn't sell
for less than a buyer's lowest sale price. Using
a reserve bid ensures that you, as a seller, don't
need to sell at a price below your comfort level.
- Dutch auctions, on the other hand, are a little
trickier. In Dutch auctions, two or more identical
items are put up for bid; all winning bidders
pay an identical price, which is the lowest successful
bid. This form of auction doesn't really suit
the sale of your car online, as only one successful
bidder can buy your car.
- Some online sites hold other forms of auctions.
Lycos, for example, offers Quick Win auctions.
In such an auction, the first bidder to meet your
asking price buys the item.
Most
online auction houses require that you register
as a member or user. Generally, membership is
free, and you must agree to a binding agreement
with respect to terms of use.
We suggest that you start out at eBay, which is
possibly the world's biggest and best-known Internet
auction site. This Web site attracts millions
of users and offers a vast array of products for
auction at any given time of the day. The eBay
site boasts a new automotive section, too
one of the slickest we've seen. During a recent
visit, the site (at www.ebaymotors.com)
featured an auction for Queen Wilhelmina's rare
1946 Daimler limousine. But don't worry if your
car is slightly less glitzy. At eBay, you can
find room for every kind of car imaginable. (Remember
also to check out eBay's tips on how to sell online
by clicking the How to sell button.)
CityAuction's Web site (at www.Utrade.com) also
displays a lot of effervescence. Buyers and sellers
meet here to exchange everything from Barbie dolls
to BMWs. This site also enables sellers to sign
up for FairMatch, a daily e-mail notification
service that keeps you up to speed about prospective
buyers.
A
number of lesser-known auction sites ply their
trade exclusively online, and one of these may
well prove perfect for your needs:
- AuctionAddict.com (at www.auctionadctict.com)
is an independent Web site that generates a fair
amount of action. It thinks of itself as "a
huge Internet swap meet" and makes listings
available to anyone who registers for a free site
membership. The service is free to the buyer,
although the site charges a small commission to
the seller but only if the product sells
at auction. Whether you're selling a convertible,
coupe, hatchback, street rod, or racing vehicle,
a buyer may well be lurking at this site just
waiting for your auction to begin.
- ReverseAuction.com (at
www.ra-vehicles.com)
presents an intriguing pitch and charges no bidding
or buying fees. It offers "online bidding
in reverse for old and new cars.., our prices
drop instead of rise, and you can watch this process
live on your screen." This site specializes
in auctioning antique and classic cars, such as
classic Chevrolets and Corvettes. The site collects
fees from the seller and is open to members only,
although registration is available to everyone
except minors.
In
their quest to be all things to as many people
as possible, several top search engine portals
operate popular online auction sites:
- Yahoo! Auctions
(at auctions.yahoo.com)
are quite popular. Check out the Seller Guide
to discover the rules and what you need to know
to register yourself for a Yahoo! ID. Next, click
the Automotive link on the main page to access
the auctions area, where we recently noted that
more than 2,500 car auctions were underway during
our one visit. A 1998 Porsche Carrera had two
bids, one topping $50,000, while a 1965 Thunderbird
had six bids, the highest at just $2,000.
- Lycos' auction site
(at auctions.lycos.com)
is one of the biggest in this category. Lycos
offers listings for everything from Beanie Babies
to gold coins, and the site auctions thousands
of vehicles, too. The Lycos auctions require both
buyers and sellers to register.
- Amazon.com (at www.amazon.com)
is also in the auction game now. Best known as
"Earth's Biggest Bookstore," the online
monolith is branching out into the sale of a wide
variety of goods. Click the Auctions tab on the
main page to visit its Auctions page, and then
click the Cars & Transportation link to access
a page of auctions for cars, parts, and automotive
paraphernalia. You need an Amazon.com account
to list your car for auction.
For
more information about online auctions, check
out Internet Auctions For Dummies and CliffsNotes
Buying and Selling on eBay, both published by
IDG
Books Worldwide, Inc.
Other online disposal options (If you can't get
cash)
If
you just can't seem to find a buyer who's willing
or able to pay cash for your old faithful, you
may want to consider other options for disposing
of your vehicle online. Two possibilities are
to trade or barter your car for
something else, or simply to donate it to charity,
as the following sections describe.
Trading
your car for something else by bartering
What
are your options if you can't find a buyer for
your car with the cash to pay for it? Consider
trading it for something else, such as a canoe,
a couch, or even a drum set. Trade4lt.Net (at
www.trade4it.net)
is "where one man's junk is another man's
treasure." This site is free to buyers, who
can wheel and deal and pitch you just about anything
imaginable in exchange for your car. Sellers
or those with items for which they want to barter
can set up an account for $9.95 per month
to post an unlimited number of listings.
Expect
the online barter market to explode over the next
year. Other sites, such as CarBarter.com (www.carbarter.com),
Barter.com (www.barter.com),
Barter.net (www.barter.net),
and Barter.ca (www.barter.ca.com),
aren't yet operational at the time of this writing.
But expect many of them to erupt online this year
with their own barter systems.
Donating
your used car on the Internet
Hauling that clunker to the local junkyard
may end up being the only option left in the life
of your car. But wait! Have you thought about
donating it to a charitable organization in exchange
for a legal IRS tax deduction?
Vehicle
Donation Processing Center, Inc. (at www.donating-a-useci-car.com),
acts as a middleman for charities seeking vehicle
donations. This service covers many of America's
largest urban centers, and it isn't picky about
whether the car actually works. Its "main
function is to provide a revenue stream for charities
in need of funding," which happens if it
can sell a car for more than the cost of the towing.
Visit the site's list of participating charities,
consult the categories of vehicles it's willing
to accept, and apply online. (Notice that the
service doesn't accept cars that are more than
15 years old.)
WARNING!
Although we demonstrate a wide variety of options
open to you online as a car seller in this chapter,
you always need to keep in mind whom the buyer
is and how he intends to pay you for your car.
Never sell merely on the promise of a vague future
payment. In other words, make sure that you receive
your payment before you hand over the ownership
and the keys to your car. There are many scam
artists out there, and because of the anonymity
a person has through the Web, it's important to
be cautious when selling any item online
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