Clicking "Buy It Now" does enter you into a legally binding contract as I understand it - but I doubt there will be much recourse against the OP if he doesn't follow through.
The process may have changed over the past few years but...
A seller's account is charged only after he acknowledges payment.
From the moment an auction ends, there is a two week window for the
buyer to contact the seller and make payment. The seller can do nothing
during this grace period. Once the grace period is past, the seller can
then report the buyer to Ebay who then contacts the buyer and tries to
resolve the matter. This resolution period lasts up to 10 days. These long
wait periods are the main headache for sellers when a deadbeat bidder
happens. You can't relist the item until Ebay closes the transaction.
In Bullit's case, Ebay will ask him to explain the problem. They listen to
both sides in these cases. Be calm, restrain emotions, and simply tell
Ebay that...
#1) The title listing is a lie. Despite appearances, this car is legally
NOT a fastback and the title lies about this critical point. End of story.
Case closed.
#2) Major structural changes to the car were exposed using a VIN
check after winning the auction. These changes to the car are not
described in the title or listing.
#3) If
"body and engine changed, made looks like shelby” is supposed
to indicate a coupe to fastback conversion, then the listing description
is vague and poorly worded to the point of being misleading. The text
neither states explicitly the car was modified from a coupe to a fastback,
nor declares if these major structural changes were done legally and
safely. The buyer fears the car is unsafe for this reason.
I think it's unlikely, but Ebay might ding Bullit's buyer rating as minor
punishment for not contacting the seller and asking questions
before
using buy-it-now. Fine, it's deserved. But who cares if your ratings are
dinged?! Better than wasting $17k in cash on a worthless pig (don't
forget UK shipping plus VAT). Ebay will watch Bullit's account for further
deadbeat activity, and will ban him later if needed.
I've been through this process several times as a seller. I tried to sell
a car on Ebay a few years back and got nothing but deadbeat bidders.
My listings were eventually stalked by a certain disreputable used car
salesman from Texas known to many people here at VFM. He bought
my car but couldn't find a buyer within the two-week payment window.
So he never contacted me or returned my emails. That is, until I
reported him to Ebay. Then he went ballistic. He threatened me in
emails and eventually libeled me in his review. Not that I cared, but
why would Ebay even allow a deadbeat bidder to leave a review?
Regardless, Ebay didn't charge me any fees. But every time I relisted
the car, Mr Slimy created a new account and used it to foul my auction.
What a petulant child. At that time, sellers couldn't filter bidders with
zero feedback. While Mr Slimy was mildly annoying, I was angry that
Ebay did nothing to track down and stop his fake accounts. For that
reason, I now boycott Ebay due to their complete lack of support for
sellers coupled with a totally worthless ratings system for buyers.