Welcome to the first installment of what I hope to be a continuous effort to keep you up-to-date on all things related to the auto industry…with a YBP twist of course.

Buying a car on eBay is a great way to get a deal. Be careful, though, before heading directly away from this website to make your hard-earned dollars turn into a 4-wheeled fun box. For those that don’t know, eBay has created a separate website specifically geared towards purchasing an automobile. Here are a few tips:

1. Set a price limit : Establish the maximum amount you can afford.
2. Choose a top 2 : Pick two models that will meet all of your requirements.
3. Read up : Research the two models for Kelley Blue Book (KBB) price, customer reviews, and typical insurance costs.
4. Find a local seller : While a lot of car dealerships offer thier cars on eBay, buying from a local (within a 2-3 hour distance) seller is going to give you your best deal.
5. Contact the seller : Sometimes seller’s have had their cars online for awhile. Contacting them through email to discuss why they are selling it, what other deals they are willing to throw in, and possibly offering an upfront price may allow you to get the best deal.
6. Check carfax : Always pay for a carfax history report.
7. Get the car inspected : There are plenty of services that will do a full inspection of the vehicle before you buy! Although a little expensive, its well worth it! Also try and get a warranty from them if possible!
8. Be patient! : When I bought my car on eBay, it took me 6 months to find the exact model I wanted in my price range. Not only did I get a good deal, I got it for $8000 below KBB.
9. Don’t forget taxes : When you buy from a seller outside of your state, you still have to pay taxes separately when you get your license plates. Often, this is about 7-8% of the purchase price. If possible, see if you can get two checks from your lending bank…one for the vehicle and one for taxes.

Have fun, be safe, and happy eBaying!

Want me to talk about something in particular? Email me at ybpguide {at} gmail {dot} com.