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Oct 02, 2006 -- Beware of eBay Motors "protection plan"

There is a lot of talk these days about eBay’s foray into the car selling business. Some people don’t think Clark should be so hard on eBay. Others say he needs to be more tough on them. One thing is for sure: eBay Motors is trying to win your business. The company is running huge color ads about all of the “purchase protection coverage” the company offers on car purchases. The company claims that all purchases are protected up to $20,000, which sounds great, right? But if you look deeper and read the fine print, most of the “protections” offered are stripped away in clauses and restrictions. People still buy on eBay and that isn’t going to stop. It’s a great marketplace. But you have to know that you’re taking a risk. Clark buys lots of gadgets and accessories for his cell phone on eBay because they are so much cheaper than in retail stores. He knows it may not show up, though. So, just make sure you ALWAYS reads the mice type and remember that it’s buyer beware with eBay.

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