Blog

Short blog posts, journal entries, and random thoughts. Topics include a mix of personal and the world at large. 

Stolen goods

An often forgotten marketplace to save some money is eBay. I recently had to buy some tools, and the same brand-new pieces were cumulatively $50 cheaper on eBay. Not a bad deal for me considering the only con is that I have to wait longer for shipping. Amazon really spoils you in terms of delivery speediness.

I do wonder how it is possible for an eBay seller to undercut the official vendor. Keep in mind: eBay takes a 10% cut the transaction before money hits the seller’s account. Either the margins are that enormous, or the tools must have been acquired via not so honorable means.

Retail theft is indeed a problem. At our local Home Depot, the expensive power tools and hand tools are locked behind security cages. Otherwise that would be an easy payday for some enterprising individuals who are willing to bypass the checkout counters. The best margins are when the cost of goods sold is zero!

I’ll be honest: it’s entirely possible the brand-new tools I bought on eBay were stolen. How can a buyer know for sure? The items were sold by anonymous entity with a username somewhere in the Midwest. Due diligence surely cannot be on the buyer. We’re all just trying to save a few bucks in this economy.

Which eBay is also great if you’re okay with second hand. I bought many a used replacement part for my Golf GTI. It doesn’t make sense to pay four times more for a new tonneau cover at the dealer when a used one from eBay works just fine. It’s going to get scratched up anyways, so who cares of it comes already pre-scratched.

Fading light.