Then, with a lot of car sellers, they'll advertise it as no reserve and start the bidding low but, if it doesn't go as high as they want, they'll just remove the listing and say it's no longer available.
It makes sense to reserve the right to remove the car as it's available for sale elsewhere - not that it's going to save you from negative feedback from a disgruntled winning bidder, and quite right too. Not a very honourable thing to do though. Thing is, these sellers never know if there's going to be a late bidding frenzy as they would have to withdraw the item sooner than 24 hours before the auction closes, IIRC (haven't sold anything recently).
Wrinx, you won't be paying more if you bid earlier!
Well wrinx might end up doing just that. If you get your max bid in right at the end (and it's high enough), the previous high bidder may not have enough time to respond or to consider a response/get permission from the wife. By entering your maximum bid earlier, you give opposing bidders time to probe your bid and to consider if they would be prepared to go just that little bit higher. On the other hand you also stand to lose the item as you don't give yourself much chance to consider a new bid if yours wasn't enough, as well as having a later time on your bid if your opponent's was for the same amount. As a general rule, one should not show one's hand too soon in anything. I've both won and lost like this. Who knows how it might have gone had I bid differently.
I suppose it depends on what it is and how much you really want it. FWIW, I have about 300 eBay transactions, about half as seller. When buying something I really want, I try to get my final bid in within 2 or 3 seconds of the close. Most trouble I've had is in bad descriptions of items (car bits usually, especially some DellOrto carbs) and with foreigh bidders who can't understand English like "no cheques", or "send to UK only" or "local pick-up only".
@Mad Biker: Why didn't you set a reserve price and also remove Paypal as a payment option (assuming you still can as they are in bed with eBay)?
edit: I see somebody else has explained the value of sniping. Thanks. I'm just a slow typist!