How To Consign My Luxury Vehicle?
When it comes to parting with luxury items such as designer clothing, handbags, shoes and more, consignment has long been a favored option. You take your items to a consignment shop, the shop does the work of preparing, marketing and selling. When your item(s) sell, you receive payment equal to the sale price of the item(s) minus a percentage or pre-negotiated fee paid to the store.
Recently, auto dealers have started using this successful model to handle luxury used car sales as well.
How does auto consignment work?
When you bring your car to a dealer, they’ll appraise it and if you’re considering a trade, they’ll give you a value they’ll pay you for the car—on the spot. When it comes to vehicle consigning, the dealer will offer you a price they believe they can sell your vehicle for in the private market. Typically, this price will be thousands of dollars higher than the wholesale trade-in price.
Unlike trade-ins, where dealers want to keep the price low, when consigning, you and the dealer both profit, so auto consignment professionals will work with you to get the highest value possible for your luxury used vehicle.
After you agree to a price, the auto consigner will market your vehicle through their website and auto sale websites such as cars.com, autotrader.com, and even Craigslist.
Auto consignment offers many advantages such as greater visibility and broader access to potential buyers.
One huge advantage to vehicle consignment is that the car selling professionals will usually handle the entire sale transaction including buyer inquiries, negotiation, DMV paperwork, and actual money transfer.
Another advantage for sellers is the safety and convenient options auto consigning can offer such as: vehicle financing, extended warranties, and even shipping.
For vehicle owners who are looking to get more out of their luxury used vehicle than the traditional dealer trade-in price, auto consignment could be a great option.
Want to learn more and see if auto consignment is right for you? F10 MOTORSPORTS makes the selling process seamless and satisfying. Our consignment program is a great opportunity for individuals wishing to sell their automobiles quickly and without the danger of dealing with scam artists. Call us now (754) 233-4900 to find out more or fill out our convenient online form.