[ewilliams2427]

I'm moving across country at the end of September and I'm not going to be able to take my 88 FSB EB (5.0 auto, 88k, clean carfax) with me. After reading some posts here, I decided to check out Bring A Trailer (BAT). When I submitted my info. and pics. I included a very reasonable reserve. They replied back that it may generate more interest without a reserve and asked if I'd consider removing the reserve. I haven't answered yet because I wanted to check with the experts (you! ) first.

I can make a case both ways. My personal feeling when I see No Reserve is that the seller wants to get rid of something at all costs and that spooks me a little.
I'd appreciate your thoughts. This applies to EBay and other sites as well.

 

[miesk5]

Yo ewilliams2427,
Suggest going with your personal feeling.
As well due to it's visual condition and mileage.
"An auction with a reserve means that the seller has placed a minimum dollar amount which must be met during the auction process in order to guarantee that the highest bidder will win the car. The seller will not advise us nor the bidders what the reserve amount is.

Reserve Auction
"In reserve auction scenarios, if you are the highest bidder on the car but did not meet the reserve price set by the seller, the car is considered sold On Approval.

This means that at the conclusion of the auction the seller needs to approve the sale of the car to you for the high bid amount since the reserve was not met. In most cases the seller will likely give you a counter-offer which is closer to their reserve price. You have the ability to provide a subsequent counter-offer to their offer or stay firm on your high bid amount. Since you were the highest bidder the seller is only allowed to negotiate with you and no one else. If s/he decides that s/he does not want to provide a counter-offer to your highest bid or does not accept your counter-offer to their offer, s/he can just re-list the car and send it back to auction."@ https://www.autoauctionmall.com/lea...tion-with-a-reserve-and-a-pure-sale-auction/⁷

 

[BigFatGuy]

Is it an acceptable outcome, in your situation, if the truck doesn't sell?

If you'd rather keep the truck than sell it for "not enough" money, then have a reserve. Otherwise, don't.

 

[ewilliams2427]

Yo ewilliams2427,
Suggest going with your personal feeling.
As well due to it's visual condition and mileage.
"An auction with a reserve means that the seller has placed a minimum dollar amount which must be met during the auction process in order to guarantee that the highest bidder will win the car. The seller will not advise us nor the bidders what the reserve amount is.

Reserve Auction
"In reserve auction scenarios, if you are the highest bidder on the car but did not meet the reserve price set by the seller, the car is considered sold On Approval.

This means that at the conclusion of the auction the seller needs to approve the sale of the car to you for the high bid amount since the reserve was not met. In most cases the seller will likely give you a counter-offer which is closer to their reserve price. You have the ability to provide a subsequent counter-offer to their offer or stay firm on your high bid amount. Since you were the highest bidder the seller is only allowed to negotiate with you and no one else. If s/he decides that s/he does not want to provide a counter-offer to your highest bid or does not accept your counter-offer to their offer, s/he can just re-list the car and send it back to auction."@ https://www.autoauctionmall.com/lea...tion-with-a-reserve-and-a-pure-sale-auction/⁷

Thank you for the information. I really do appreciate the input.

 

[ewilliams2427]

Is it an acceptable outcome, in your situation, if the truck doesn't sell?

If you'd rather keep the truck than sell it for "not enough" money, then have a reserve. Otherwise, don't.

That's what I've been struggling with. I have someone that could possibly drive it up (Arkansas to New Hampshire) and I'd pay expenses, but it would be more convenient to sell it. I could also try to sell this 'southern truck' while I'm in New England.

I'm leaning toward a reserve, and if it doesn't sell, I'll arrange to take it with me. I don't think I'm going to have a problem selling it for my reserve, but I don't want to list it at "no reserve" and end up giving it away. A crystal ball would be nice!

 

[GetBent4x4]

It's a high dollar brick nose put a reserve on it, if it doesn't sell, sell it for top dollar in NH as a southern low mileage survivor that hasn't seen salt and brine.

 

[ewilliams2427]

It's a high dollar brick nose put a reserve on it, if it doesn't sell, sell it for top dollar in NH as a southern low mileage survivor that hasn't seen salt and brine.

I'm leaning toward that strategy. Thank you for validating it!

 

[JBR14]

It's a high dollar brick nose put a reserve on it, if it doesn't sell, sell it for top dollar in NH as a southern low mileage survivor that hasn't seen salt and brine.

I agree with this. It is a very clean truck. I would either sell it up in NH, or put a reserve on it. When I bought my Bronco, I had it transported from Nashville to Dallas. It was $575. I assume, seeing as how Ark to NH is about double the distance, it would be around $1k. With that being said, I assume you'd be able to sell it up there for $1k more than in the south.

Bring a trailer does a great job though, but no reserve would indeed scare me. Out of curiosity, what would you list that for? From the pics, that is a very nice brick nose, and this is from someone who doesn't particularly like that style. This truck changed my mind though.

 

[Anvil Crawler]

Unicorns are rare and that nice of a Bronco is as well. Put a reserve on it.

 

[cwegga]

I'd say put a reserve on it. You could look around bring a trailer. I'd bet a lot of their auctions have reserves and are plenty successful. Don't forget their goal is to make money and they probably don't if it doesn't meet reserve. They are probably just looking out for their business interests.

 

[MojoJojo]

List it on here fir what you want out of it and keep it “in the family” so to speak.

 

[ewilliams2427]

I agree with this. It is a very clean truck. I would either sell it up in NH, or put a reserve on it. When I bought my Bronco, I had it transported from Nashville to Dallas. It was $575. I assume, seeing as how Ark to NH is about double the distance, it would be around $1k. With that being said, I assume you'd be able to sell it up there for $1k more than in the south.

Bring a trailer does a great job though, but no reserve would indeed scare me. Out of curiosity, what would you list that for? From the pics, that is a very nice brick nose, and this is from someone who doesn't particularly like that style. This truck changed my mind though.

Thank you for the comment, it's very encouraging.

UPDATE: BAT did accept it with a reserve. I understand the position that 'No Reserve' can appeal to a broader audience, but it doesn't make good business sense to me to say, "Here's my truck, I'll accept the highest bid, even if it's way below what I'd sell it for if I was approached on the street."

Even though I've decided to list it on BAT with a reserve, I still think this is an interesting topic with pros and cons for Reserve and No Reserve. I appreciate the comments from everyone. This is a great forum, I've learned so much about Broncos over the last 3 years.

 

[ewilliams2427]

Unicorns are rare and that nice of a Bronco is as well. Put a reserve on it.

Thank you. Very much appreciated. I just added an update to the last comment.

 

[ewilliams2427]

I'd say put a reserve on it. You could look around bring a trailer. I'd bet a lot of their auctions have reserves and are plenty successful. Don't forget their goal is to make money and they probably don't if it doesn't meet reserve. They are probably just looking out for their business interests.

I agree 100%. I never really trust those who say that they're looking out for my best interest. No one looks out for your interests like you do!

 

[ewilliams2427]

List it on here fir what you want out of it and keep it “in the family” so to speak.

OOPS! a little late for that now. I negotiated with BAT because I need to see what they can do and still have time to either transfer ownership or make arrangements to take it with me before the move date of 9/28 and I understand it takes them a few weeks. If it doesn't sell for the reasonable reserve, I'll take it with me.

 

[ewilliams2427]

OOPS! a little late for that now. I negotiated with BAT because I need to see what they can do and still have time to either transfer ownership or make arrangements to take it with me before the move date of 9/28 and I understand it takes them a few weeks. If it doesn't sell for the reasonable reserve, I'll take it with me.

Or... we may "keep it in the family" on here, if allowed.

 

[BroncOh_no]

Good choice listing it with a reserve on BaT. If the auction ends and it does not meet reserve, BaT will put you in contact with the highest bidder to give you an opportunity to make a deal privately. If you don't make a deal, you're out $99 bucks and can look for other options to sell it.

 

[MojoJojo]

Post up the BAT link at least! 😉

 

[ewilliams2427]

Post up the BAT link at least! 😉

Will do!

 

[EMO42]

Thats a beauty!