Here’s why you should never sell a car on eBay…

Summary

In this video update, the creator discusses the challenges faced while trying to sell his BMW 7 Series on eBay. Despite receiving a winning bid, the buyer never showed up, leaving the creator frustrated and out of pocket due to wasted expenses. He explores possible reasons for the buyer's disappearance, ranging from a prank to cold feet, or even the possibility that the buyer passed away. The car is now listed with Silverstone Digital Auction, offering a more secure selling process. The creator also shares his overall positive experience with the car and invites viewers to bid.

Takeaways

• 🚗 The video provides an update on the sale of a BMW 7 Series that the presenter previously listed for auction.
• 📈 The auction for the car started at a bid of one penny, and it quickly reached £8,400, surpassing the seller's reserve price of £8,000.
• 😟 The winning bidder initially expressed interest and arranged to fly from Edinburgh to London to pick up the car but ended up being a no-show at the airport.
• 📱 The seller tried to contact the buyer multiple times through messages on eBay but received no response.
• 💸 The seller incurred costs of around £150 in total, including car cleaning, license plate retention, fuel, and parking fees at Heathrow Airport, all of which were wasted due to the no-show.
• 🤔 The seller speculated on three possible reasons for the buyer's disappearance: it was either a prank, the buyer backed out, or the buyer may have had a serious issue, like a sudden emergency.
• 🛑 The seller decided to relist the car, but this time with Silverstone Digital Auction, a more reputable platform where winning bids are binding.
• 🚘 The seller still loves the BMW 7 Series and appreciates its comfort and performance, despite the frustration of the sale process.
• 😊 The seller mentioned enjoying the interaction with subscribers and viewers who expressed interest in the car, even though the auction didn't go as planned.
• 🔗 The seller provided a link to the new auction listing, encouraging interested viewers to check it out and possibly place a bid.

Q & A

Why did the speaker create this video update on the BMW 7 Series?

The speaker created this video update to provide an update on the BMW 7 Series sale after a failed auction on eBay and share the frustrating experience.

What platform did the speaker use to sell the BMW 7 Series originally?

The speaker originally used eBay to auction the BMW 7 Series.

Why did the speaker offer the car on eBay with a starting bid of one penny?

The speaker set the starting bid at one penny to give anyone the opportunity to bid on the car and see where the price would go.

What issues did the speaker face with the previous sale of the Z4 on eBay?

After the winning bid for the Z4, the buyer canceled the order, leaving the speaker with no legal options but to cancel the sale as well.

What advice did the speaker receive from a friend regarding selling cars on eBay?

The speaker's friend Alex from Car Throttle advised against selling cars on eBay due to frequent bad experiences.

What happened after the BMW 7 Series auction reached £8,400 on eBay?

The buyer, who had agreed to fly from Edinburgh to London to pick up the car, never showed up at the airport and stopped responding to messages.

How much money did the speaker spend in preparation for the buyer’s arrival?

The speaker spent around £150, including £20 for car cleaning, £70-80 for putting the license plate on retention, fuel, and £30 for parking at Heathrow.

What were the three possible reasons the speaker considered for the buyer's no-show?

The speaker considered three possibilities: (1) the buyer played a prank, (2) the buyer got cold feet and didn’t want the car, or (3) the buyer might have passed away.

What alternative platform did the speaker use to relist the BMW 7 Series after the eBay failure?

The speaker relisted the BMW 7 Series on Silverstone Digital Auction, a more reputable auction site.

What were the speaker’s final thoughts about the failed eBay sale?

Although disappointed by the failed sale, the speaker expressed that they still loved the car and would not be sad if it didn’t sell, as they enjoyed driving it.