What You Need to Know About Selling Your Classic via Consignment
Author: Jason / Date: August 29, 2022 / Tags: buying/selling
(RareCarMarket.com) – Selling a classic car can be a timely task to undertake. You have to figure out how much to sell it for, clean it inside and out, then choose a method of displaying the vehicle, whether it’s parking it in front of a home and waiting for someone to drive by or listing it online. Internet sales require even more work, as you’ll have to take quality pictures that show off your ride and describe it in such a way that the reader will want to snap it up. Not your idea of fun? Don’t worry, there’s another option. Selling a vehicle through consignment can help you find a buyer quicker — and with less hassle.
To get started, it’s important to find a reputable place to sell the car on consignment. RetailMyRide.com is a great resource for finding a dealer. You can filter search results by ZIP code, city, county, or state, as well as the type of vehicle you’re selling. Then contact the consignment pro and discuss the automobile and the broker’s specific sales process.
The second step involves visiting the consignment shop. At this point, the person in charge, typically a dealer, will inspect and appraise your classic vehicle. They will also discuss their competitive pricing tactics and what they can do to recondition the automobile and boost its value. After signing the consignment deal, the dealer will handle everything else from that point on.
There are pros to selling a car on consignment. It can reduce your stress, and knowing the payment is secure is a huge relief. Plus, the vehicle will get more exposure in front of the right people — the ones who are interested in classics like yours. Depending on the location, the dealership may also handle shipping, which is very attractive to potential buyers.
While using a consignment dealer does make selling your car easier, it still comes with a few drawbacks. You’ll be responsible for paying any applicable administrative, state, and federal fees. Dealers will charge money for their services, too, whether it’s a percentage or fixed rate. Make sure to read any contract carefully, so you’ll know what to expect when the sale is final.
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