Trying to sell a car.
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05-14-2018 02:39 PM
Car is over $2000
Am I correct that the total fees would be $125(when sold) + insertion fees?.
I dont want to accept paypal. What would be the most safest way to accept payment?
Will this be considered income when I do my taxes?.
Is it possible that the only option I can give to the buyer is "pick up only?".
Thanks.
Trying to sell a car.
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05-14-2018 07:45 PM - edited 05-14-2018 07:48 PM
@norrinradd1781 wrote:Car is over $2000
Am I correct that the total fees would be $125(when sold) + insertion fees?.
I dont want to accept paypal. What would be the most safest way to accept payment?
Will this be considered income when I do my taxes?.
Is it possible that the only option I can give to the buyer is "pick up only?".
As a low volume seller (under 7 vehicles sold per year) is $125 plus sales tax on the $125.
You do get free basic listings (insertions) every month (optional upgrades still cost).
Cash or certified cheque.
You can always select local pickup.
Income (profit) = Selling price minus all selling expenses minus purchase cost. But it will depend on whether you bought the vehicle for resale or it was a personal use vehicle (capital gain/loss).
https://pages.ebay.ca/help/sell/motors.html
https://pages.ebay.ca/help/sell/motorfees.html
Trying to sell a car.
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05-15-2018 01:32 PM
Thank you.
