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THE LOBBY A gathering place. Introductions, sports, showin' off your ride, birthday-anniversary-milestone, achievements, family oriented humor. |
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#21
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I hear at least 10 EBAY motors ads a day when I listen to the radio. They wouldn't be doing that if they weren't making a killing. Really stupid ones like the insurance ones. Good grief!
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“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race.” ― Calvin Coolidge |
#22
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Thanks for the feedback. I ended the erape auction. If i sell it will be here. Not sure. I guess i got smith brother push rods to go with. Maybe i will throw them in a 400 motor im planning. Who knows.
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#23
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On ebay daily.
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-Jeremy 1968 GTO 4-spd convertible, console, factory gauges, hidden headlights, 3.90:1 posi, AM/FM radio. 1962 Catalina convertible, Starlight black w maroon interior & white top. |
#24
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It's all tied into their internal shipping quote setup. It used to be the responsibility of the seller to package, calculate, and send off shipping - some unscrupulous sellers were creating listings with a lower 'Buy It Now' price, and jacked up shipping - so that their fees were based on the BIN price, and NOT the shipping portion - this is in part why (I believe) that the fees are based on the bottom line total. Back to the global shipping; On average, large items being shipped to Canada got cheaper, but smaller items became exponentially more expensive. I browse often, but don't buy too much. Their internal search engine blows goats, so I use another search engine. Also the sellers hawking aftermarket garbage with numerous baloney tags to make their listing show up in my searches really turn me off. I do find that I look here, or on other forum listings more often than I did a decade ago.
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1970 Formula 400 Carousel Red paint on Black standard interior A no-engine, no-transmission, no-wheel option car. Quite likely one of few '70 Muncie three speed Formula 400's left. 1991 Grand Am: 14.4 @ 93.7mph (DA corrected) (retired DD, stock appearing) 2009 Cobalt SS: 13.9 @ 103mph (current DD; makes something north of 300hp & 350ft/lbs) |
#25
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i mentioned the fees being charged on shipping in this thread or the older one linked to above. they have been charging fees on shipping for over 10 years because sellers were getting around their final value fees by listing things for .99 but charging high shipping to make up for the low listing price, ebay caught on to that very early on & has been charging fees on shipping for 10-15 years now. |
The Following User Says Thank You to 78w72 For This Useful Post: | ||
#26
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Any insight on how you determine or support the cost basis for items you bought many years ago from a swap meet and don’t have a receipt? It seems like there are a lot of different opinions.
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#27
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I'm used to getting screwed for shipping for living here - it shouldn't take longer than it does from China however...
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#28
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I laugh, because it's true!
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1970 Formula 400 Carousel Red paint on Black standard interior A no-engine, no-transmission, no-wheel option car. Quite likely one of few '70 Muncie three speed Formula 400's left. 1991 Grand Am: 14.4 @ 93.7mph (DA corrected) (retired DD, stock appearing) 2009 Cobalt SS: 13.9 @ 103mph (current DD; makes something north of 300hp & 350ft/lbs) |
#29
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what will raise a flag is over valuing items by a large amount... you cant claim a run of the mill rally 2 wheel you paid $25 for at a swap meet is valued at $200 or something crazy like that. lots of items like that are bought privately from CL etc & most dont bother giving or getting bill of sales or receipts. |
#30
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I use eBay to sell mostly radios inherited from my father, he and his buddy had 1000's. Yes eBay takes a bunch of money but I'm into the stuff for nothing so I'm happy to sell them and get something. Took many trips to get them all and have tossed many of them but have sold many and hopefully helped some people out.
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Practicing social distancing for 65+ years |
The Following User Says Thank You to BOB VIDAN For This Useful Post: | ||
#31
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Ebay is not a sellers market....IMHO.
Not a bad place to "dump" some old car parts if you don't mind the work packaging them up for shipping, running to the shipping store, and can deal with Ebay's high seller fees. If you are marketing a mass produced item fully expect a dozen or so other sellers to be offering the same part, or a clone of it for a very minimal profit margin after paying for shipping, packing materials, envelopes/boxes, tape, printer paper, ink, cost of goods, Ebays high seller fees and any fuel you burned if your item required delivery to the the UPS store, etc........
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If you can read this, thank a teacher. If you can read this in English, thank a Veteran! https://cliffshighperformance.com/ 73 Ventura, SOLD 455, 3740lbs, 11.30's at 120mph, 1977 Pontiac Q-jet, HO intake, HEI, 10" converter, 3.42 gears, DOT's, 7.20's at 96mph and still WAY under the roll bar rule. Best ET to date 7.18 at 97MPH (1/8th mile), |
#32
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the only thing not fully deductible is vehicle mileage which is a set amount per mile, .55/mile which usually pays for fuel, registration, insurance etc. anything you do in your vehicle related to business gets that deduction- driving to UPS store, to look at or buy car/parts, delivering a car or parts, etc etc. the complaints of "high ebay fees" goes with the territory, where else do you get worldwide or huge nationwide exposure & ability to have an item sell for 2-3 times or more of the listing price? you pay to sell stuff almost anywhere you go, swap meets, websites, forums, (if you own one) local auctions etc. only thing still free are places like craigslist which is pretty limited to your city or a few more around you, FB marketplace which is also limited to your area, & you gotta deal with a bunch of yahoos, tire kickers & lowballers there. or selling on forums like this with very limited exposure & majority of the time you still need to ship it or get paid via paypal that charges a fee or needs your bank account info that many say "no way" to. much of this is misunderstood or confused, thats why many people just pay a CPA to do their taxes for them, but its been the same even before ebay for businesses or sub contractors, anything you pay for to run a business is mostly deductible from the SE tax you pay each year. its 2022, we all have to pay somebody something to sell in the online world, or limit yourself to swap meets that you still have to pay for a spot then sit there all day dealing with a bunch of people wanting to pay $5 for your $50 part, or classifieds in the newspaper like its 1985. ebay sucks, but it still has many benefits for sellers & buyers that are well worth the 12.9% fee... that is deductible at the end of the year... or just tack it onto the sale price & pass it on to the buyer like all other businesses do. Last edited by 78w72; 08-18-2022 at 10:42 AM. |
#33
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You keep it, and let your kids sell it all when you're gone.
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#34
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eBay
I do buy an occasional part on eBay if it something rare I can’t
Find elsewhere. I picked up a used HEI for 21 bucks delivered. Just wanted the weights and centercam. Note weld to lockout timing. Gerry
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1968 Firebird 400, 068 cam, TH400 & 13" Continental Converter, Auburn posi with 3:08 factory gears, Cliff's Q-jet resting on a 68 factory iron intake, DUI HEI and Ram Air pans and RARE Long Branch Manifolds |
#35
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Ebay has been a supplement for me in the past and I am glad it is around. I currently make most of my income on ebay. You cannot beat the market coverage and if you follow the rules carefully, you likely won't have a problem or they will be minimal. NO venue is completely void of issues. If the fees bother you, raise the price of your item to compensate.
I have sold many items on there for more than I could over the phone or would have no market for otherwise because of obsolescence. Swap meets are nowhere near as good as they used to be. Craigslist is too unreliable and full of scammers.. |
The Following User Says Thank You to sd7369 For This Useful Post: | ||
#36
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"ebay sucks, but it still has many benefits for sellers & buyers that are well worth the 12.9% fee..."
Those arsholes are ripping me off. I'm in the 14-16 percent bracket, I guess I need to get a better calculator as when I run the total for all sales against the pay outs it's over 15 percent. I guess they don't like me or I don't know how to structure my auctions correctly , or a little of both...... I'd also add that EVERYTHING you purchase related to selling and shipping ADDS to the cost of the items being sold, whether they are tax deductable or not. The small break you get being able to write it off still doesn't pay for those items. Matter of fact they want you to inventory all the items you have in stock at the end of the year and pay taxes on them. I doubt if too many small businesses are really doing that. Maybe that's why they hired 87,000 new agents and bought guns and ammunition for them. They better buy them body armor too, for when they come around knocking on doors wanting to spot check your inventory and business records...........FWIW......
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If you can read this, thank a teacher. If you can read this in English, thank a Veteran! https://cliffshighperformance.com/ 73 Ventura, SOLD 455, 3740lbs, 11.30's at 120mph, 1977 Pontiac Q-jet, HO intake, HEI, 10" converter, 3.42 gears, DOT's, 7.20's at 96mph and still WAY under the roll bar rule. Best ET to date 7.18 at 97MPH (1/8th mile), |
#37
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look at one of your recent sales on ebay, there is a link called payment details, if you click on that they break down all the fees to show what they are charged on, it should work out to 12.9% + a .30 per transaction fee, at least thats the fee structure for all ebay motors sales of parts, other categories are different but are explained in the fees link i posted. if its not working out to that you can email or call them to point it out & have it fixed. as for deductions, yes you are taking those expenses off the amount you pay taxes on, its not a 100% credit but you arent paying taxes on that amount. any items used for operating a business are part of operating that business, you factor it all in then set prices to make a profit, thats just how a business works. sucks to look at it that way but you gotta spend money to make money. heres a little trick to help save money on shipping related expenses like driving to the UPS store, for smaller/lighter items up to about 4-5lbs, USPS is usually a lot cheaper than fedex/ups & they will pick up the item from your front porch for free! the inventory at the end of the year is not fully taxed either, you subtract year end inventory from beginning year inventory to determine the net income for the year that you pay the ~13% SE tax on. they arent taxing the full inventory if it didnt sell that year. its confusing to discuss taxes but once you do them enough & understand how the flow of schedule c works you see how things like year end inventory works out. |
#38
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#39
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Do not blame Ebay for the local taxes!
Several years ago the FEDERAL legislature made it legal for STATES by legislation from the STATE legisture to collect STATE sales tax on items that were bought outside the boundries of the state. Not all states have passed this legislation. If Ebay is charging you LOCAL tax, vote out your state legislators, as THEY are responsible, not Ebay. Ebay is simply complying with the law. GUESSING here that Ebay dislikes this as much as you do; after all, it is money they are not getting! Jon
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"Good carburetion is fuelish hot air". "The most expensive carburetor is the wrong one given to you by your neighbor". If you truly believe that "one size fits all" try walking a mile in your spouse's shoes! Owner of The Carburetor Shop, LLC (of Missouri). Current caretaker of the remains of Stromberg Caburetor, and custodian of the existing Carter and Kingston carburetor drawings. |
The Following 2 Users Say Thank You to carbking For This Useful Post: | ||
#40
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ive been selling on ebay at a pretty large volume for 20+ years until the last couple years ive toned it down quite a bit, mainly because the market for parting out 2nd gen firebirds has got stupid, $500-$1000 rusty parts car with no title are selling for $2000+ now, that leaves little meat on the bone to make it worth all the work involved. its not ebays fault. but i still make decent money listing parts & other stuff like home audio there. i dont echo any of cliffs complaints, its very user friendly to list auctions, & also very easy to see the fees they charge. not that his complaints arent valid for him, but the numbers on fees are not right. also, ebay is not charging their own tax on items nor do they "want more." the tax they charge is the same exact amount of tax any online business charges whether its summit, amazon, etc. its the state & federal governments that impose those sales taxes for all businesses to charge, started with the net neutrality crap so the government could get their share of sales tax income because all internet sales used to be tax free before they did that. its not just ebay charging those taxes & they dont get to keep any of it. sorry for all the comments on this thread, just trying to provide accurate info to the comments that are misunderstood or not correct. Last edited by 78w72; 08-19-2022 at 01:19 PM. |
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