Money Expert > Car Insurance > Buying a Used Car on eBay
Buying a used car on eBay: Is it worth it?
Compare car insurance quotes today to find great deals.
Last updated: 01/04/2022 | Estimated Reading Time: 6 minutes
Money Expert > Car Insurance > Buying a Used Car on eBay
Compare car insurance quotes today to find great deals.
Last updated: 01/04/2022 | Estimated Reading Time: 6 minutes
Buying a new car is never easy. Whilst purchasing a new car online isn’t always recommended, using eBay motors can be a lot more straightforward and safer than you might think. eBay Motors offers a huge variety of cars, and a helpful set of tools to aid you in finding the car that’s right for you.
Our guide runs through the best ways to find the car you want, how to make sure it’s in working order, and the safety features eBay motors offers. If you’re concerned about affording your next car, there’s also a brief section on the kinds of car finance you can get.
eBay Motors makes it very easy to search for the exact car you’re looking for. You can specify the make, model, colour and price, or look more generally at categories such as classic cars, SUVs, hybrids or minivans.
Here are a few tips for making sure the car you get is up to scratch:
Understandably, a lot of people have concerns when buying a car online. There are always risks when purchasing a car. Even with the seller’s best intention to advertise accurately, they may well have missed something that doesn’t become apparent until some time into your ownership of the car. Whilst these problems can be unavoidable, eBay Motors arguably offers the safest online car purchase experience there is.
Whilst competitors to online car shopping (such as Craiglist and Facebook) may be far faster and more convenient, they are a lot less safe due to the lack of monitoring and regulation. eBay outdoes them in terms of safety due to a number of handy features such as secure payment (as opposed to the cash often requested elsewhere), Vehicle Purchase Protection (see below for more details) and user feedback.
User feedback can be a very helpful way of determining who it’s safe to buy from. You’ll want to make sure they have a 100%, or very nearly 100%, positive feedback rating. It’s worth noting that this can be accumulated from acting as a buyer and a seller. It’s much easier to get good feedback as a buyer – all you have to do is pay on time. So, look for their feedback as a seller to guide you more carefully. You’ll also want to make sure they’re established selling cars, that they have more than a handful of ratings, and that they’ve been continuously active over recent years.
Buying a used car from eBay is certainly an option, especially for those looking to cut costs. But is it really worth it when compared to the more traditional routes of purchasing a vehicle?
This depends on a number of factors, not least the type of car you’re after. For example, if you want an old classic car from the 1960s then you’ll likely find better deals and more choice on eBay than your local car dealership, but if you’re after the latest models then you might be somewhat restricted.
You should also be aware of scams when buying a car from eBay, just like you should be when purchasing anything online. Just because it’s a well-known international brand doesn’t mean that fraudsters won’t use it to try and target unsuspecting victims.
To help you make the decision of where to buy your next car, we’ve compiled a list of pros and cons of going down the eBay route:
As mentioned above, two of the safety precautions provided by eBay Motors are the secure payment methods and Vehicle Purchase Protection.
eBay Motors requires that you use PayPal to purchase your car. You’ll often be required to give the seller a deposit and a time limit in which you can pay the balance and see the car in person. eBay can also help you secure car finance (see below) and will manage your repayments.
Vehicle Purchase Protection covers losses that buyers incur as a result of sellers’ fraud. For example, this will cover you for things such as never receiving the vehicle, receiving stolen or written-off vehicles, or those with issues that you weren’t told about. It will award you damages of up to £100,000 or the value of the car you tried to purchase (whichever is less). Remember that this will only work if you’ve paid through eBay. If you try the car in person, which is definitely a good idea, remember that you should still pay through eBay if you want to be covered by Vehicle Purchase Protection. Also keep an eye out for scammers on other sites that lie about having eBay protection.