How to sell a car on consignment may be the best-kept secret there has ever been. I am here to expose what some call an absolute treasure chest of information that can help make your life easier and save you money at the same time when it comes to selling your car.
Selling a car on consignment is the simplest way possible to sell your old set of wheels and get the most bang for your buck. And do it with the least amount of stress and hassle.
The number one reason is that someone else will do all the work of selling your car for you.
There are dealers available that specialize in selling your car on consignment. These auto consultants are experts who spend every day of their working lives selling cars. This is their business and they have the ability and resources to sell your car quickly and for the most money.
Here’s how to sell a car on consignment…
Locate a dealer that offers a consignment program. Meet with them and go over the agreement and terms they use in their dealership. Find out how their consignment program works.
Discuss the fees, some charge a flat fee, some a percentage and some use a sliding fee scale according to the market value of your car. Next discuss if there is a time period stipulated in the agreement. Some terms are 30 days, some are 60 and some are 90. Ask what happens if the car doesn’t sell in that time period. Ask what types of advertising they use; you want as many resources as possible to give your car maximum exposure.
If you understand and agree to the terms of the consignment agreement, you are ready for the next step. Trust your intuition (that “gut” feeling) if you should consign your vehicle with the dealer you are talking with.
Bring in your car so that the consignment dealer can prepare it for the sale. The dealer will want to see the car to help them determine a value and if they can sell it for you. Most dealerships will do a safety inspection to make sure that the car is safe and in driving condition. In addition they may detail it professionally so that it will show nicely to get you top dollar for the sell my car price of your car.
Once the vehicle is prepared they will likely take several pictures and begin the advertising. There are some dealers who use as many as 50-60 different avenues to advertise your vehicle. This will help them get your vehicle if front of more buyers and is more likely to get a quicker sale for you.
Now, the dealer will do all the hard work of fielding sales calls and questions regarding your car, truck or SUV. In addition, they will work their sales expertise to bring in the right possible buyers. Next, they will set appointment for the test drives. The consignment dealer will do this for you until they find the perfect new owner.
They will take a trade-in on your car to make the sale of your car and offer financing to the buyer so they can buy your vehicle easily and effortlessly.
Finally, consignment dealers will complete the sales transaction, file the title transfer paperwork and present you with a check. Now you know the best kept secret on how to sell a car on consignment.