Earn more while doing less? The magic of Car Consignment.
Updated: Jul 30, 2021
Need somebody to sell your car on your behalf without undermining your asking price? Discover how you can get somebody to accomplish the work for you and still get the best price.
Car Consignment is a process where a car consignment agent sells your car for you as you keep your vehicle until it’s sold. It ensures that you get the best price possible while not demanding any hassle from your side.
Here are four steps when consigning your vehicle:
Search for a trusted car consignment company
Contact a car consignment agent
Sit down, relax and keep driving
Strike a deal and get your price
Search for a trusted car consignment company
With a trusted car consignment company or agent, you can easily sell your car at your asking price. With a reputable car consignment agent comes more connections, it means a wider buyer base and a wider reach of audience.
Search the Internet, find a credible car consignment agent. A long standing agent translates to experience, which gives you the best chance at selling your car at your asking price.
Contact a car consignment agent
Once you have picked a car consignment agent, he will request a viewing of your car and decide on an asking price if you’re unsure.
Usually, the car consignment agent will also use the opportunity to take photos of your car to help with promotion.
Agent fee is usually $500 to 1% of your car’s final selling price. Not a bad price to pay, for someone else to do all the work of selling your car for you.
Sit down, relax and keep driving
While your car consignment agent is working to strike the best deal for you, you can continue driving your car. Once in a while, you might need to meet a potential buyer who will view your car.
Conversely, you can also choose to leave your car with your car consignment agent so there’s no hustle for you to bring your car to viewing appointments.
Strike a deal and get your price
When a deal is sealed, your car consignment agent will settle all paperwork for you and all you need to do is to hand over your car and receive a paycheck at your asking price. Simple, right?
Is car consignment worth it? It’s your choice to make.