there's this EDGE EZ going for $100 and i wanna bid on it but it says that the reserve bid has not yet been met. i read about reserve bidding in the help section of ebay but it didn't help so i need some more. from what i understand is that if i bid and do not meet the reserve price then it is not a successful bid, BUT am i still liable to buy it no matter what just like when bidding on something else?
just wondering i don't wanna get ripped off or nothing.

thanks

 

reserve price is what they expect to get for it...If the reserve is not met, its up to the seller to sell it for highest bid,or you can compromise

 

If you are the high bidder and the reserve is not met the seller has the option of selling at your bid price, and yes you are obligated to that bid if they decide to sell.

 

alright so is what your saying is that if i do NOT meet the reserve bid and the seller does NOT wanna sell then i don't have to buy it? but if the seller DOES agree to sell under the reserve price then i can buy it for that? and how do i know if he's willing to sell under the reserve price, do i just ask him or will he more than likely wait til the bidding closes, or will he ask me about negotiating?

i'm new to the whole ebay scene so sorry if i'm a pain but it's kinda hard for me to get. thanks though!

 

after the auction closes, you can then email him asking if he wants to sell it for under the reserve price

 

alright great i think i got it now. i think i'm gonna try it and i'll be in touch with ya'll.

thanks again!

 

dont forget to check the sellers references and make sure he is willing to buy it back if your not satisfied with the deal or the product. (or insure it for way more than its worth and let UPS buy it as damaged)

 

i deffinetly will do that. thanks for the tip!

 

Don't count on it staying at that price, most of the bidding on ebay will take place in the last five minutes of the auction.

 

Gotta love auto bid. Well at least I do, put in your top dollar amount and walk away. Check your email if you won or lost. Won a lot this way but lost some as well but never paid more than what I wanted too.

 

I just bought this last week within the last minute of bidding.....

 

I always place my bid in the last 30 seconds.
I've only lost one auction that way.........

 

I do the same. I've found if I bid my max early it drives the price up. People new to Ebay get caught up with being the high bidder when there's 6 days left on the auction. Now when I'm selling something it's a whole different story........

 

What I do is go in there and put the max I am willing to pay right away and then I don't have to watch it every second. The bid will go up in increments to where the highest bidder stops at and may not necessarily go to the bid you posted. I won several trucks like that, waiting on the last second bidders. They would go up a dollar in the last five seconds but I was already well above that so it automatically posted my bid a dollar above his at the last second and viola. See ya. If it went above my posted price, I didn't care and they paid too much anyway.

For example, there was a particular B 61 Mack concrete mixer I wanted and I knew what it was worth by the book. It was bringing $150 at the time so I posted $175 right off the bat cause I really wanted it for the collection. It went up to around $120 at the last ten minutes and then the vultures homed in. At the last minute, the bidder put in $151 but my $175 won out and I got the truck for $152. Depends on how bad you want the item you're looking at. You can't see the bid amounts until after the bidding closes but if you look at the dollar amounts afterwards, you can see what people do. Some bidders won over me by a little as 50 cents until I figured out how to do it.

 

think about it as if you are selling it.

you paid $200 for it.
half price for used stuff = $100.

so you set the reserve at ~95 or so.

and if it don't reach $95, you would rather keep it than give it away.

but if it goes to $92, you can do a "second chance" after the auction ends,
that will be a 24 hour chance to buy at some set price, that the seller can e-mail to all the bidders

FWIW, the "second chance" offer MUST be less than the original reserve price.

vehicles are tough on e-bay...mostly wholesalers buying on there, had 3 dealers bidding on last car i sold, and they wanted me to trailer it to chicago.