Selling via consignment
Consigning your vehicle is allowing a dealer to sell the vehicle on your behalf, but retaining legal ownership of the vehicle until it is sold.
Depending on the modus operandi of the dealers, you may or may not have to leave your vehicle at their showroom. Leaving your vehicle at the showroom would allow the sale process to be faster as interested buyers who have seen the advertisement can go down and have a look at it whenever they can. It will however, inconvenience you if you do not have a spare vehicle to use. Putting your vehicle at the dealership also exposes it to walk in customers.
Some dealers do not require you to leave your vehicle with them. However, each time there is an interested buyer who wants to view your vehicle. You would have to take some time out of your day to drive down to the dealership for the viewing. This can be a troublesome process that could go on for months.
The benefits of consigning your vehicle to a dealer is having someone experienced handle the entire sale process for you. From the photo-taking to uploading of advertisement, handling of enquiries from potential buyers and eventually handling all documentations when a sale is made.
Dealers usually take a cut from the sale of the vehicle, ranging from a flat fee of $500 - 1% of the final selling price, depending on the consignment agreement. Also depending on the arrangement made, the consignment dealer may or may not assist in touching up of your vehicles paintwork and grooming before handing the car over to the new owner.
Touch ups to the vehicle are usually by the buyer's request and will most probably knock a few dollars off your asking price. Apart from the financial, insurance and paperwork support, it is such repair and grooming work a dealer is able to assist with that makes the sale of your vehicle much easier. After all, nobody wants to purchase a car that would require the hassle of wear and tear rectifications.
Most sellers forget that on top of their consigned vehicle, dealers have a fleet of cars that need to be sold too. So if you do decide to consign your vehicle for sale, don't be too hard on your dealer, they too are trying to get the best price at the shortest possible time for you.
There are hundreds of consignment cars for sale: http://www.sgcarmart...sting.php?CAT=5
There are also many consignment car dealers to choose from, and it's always good to learn more before you decide which dealer you like to consign your car with:
- A worry free selling process - AA Trust Car Consignment
- Accountable, Upright, Trustworthy, Organised - AutoLynx
- Your Supercars Specialist - Bentec International
- Handling entire sales process for you - BW Auto Consignment
- Sell by Consignment - Lake View Credit
- A better price, an easier deal - Nordad Car Consignment
- Sell your car for the highest price - Platinum Auto
- Convenient and Effortless Selling - Presto Expat Motoring
- No Sale, No Fees Consignment Programme - SA Automobile
- Superconsign Program - Supercars Singapore
- Enjoy the Difference - Vroom Cars Consignment
Once you have decided to sell your car via consignment, you can get started here: