Car consignment is by far the most convenient way of selling your car, and it has more benefits than that. But before we go further, what is car consignment? It's a method of selling a car where you allow a third party, such as a consignment company or dealership, to conduct the sale for you. This means they take care of everything, including marketing and listing the car and in return, they charge a commission or a pre-set fee once the car is sold. But why use consignment and not other methods if you're selling a car in Los Angeles, California? As mentioned earlier, it's convenient. Plus, if you have a high-value or exotic car, you have a better chance of avoiding lowball offers and selling the car for actually what it's worth. We'll get more details on each benefit later. First, let's look at how consignment works.
To reiterate, car consignment involves entrusting a consignment company to sell your car, so the first step is to find a consignment company. It could be an individual or dealership in Los Angeles, California, but either way, they must be credible and have a proven track record. Also, it's good to select a consignment company that suits your car best. For example, if you're selling an exotic car, find a consignment company specializing in high-end cars. That way, you are guaranteed services tailored to the successful sale of the car. Success goes beyond just the car getting sold quicker, as you'll also get prices that align with the car's market value. After settling on a consignment company and entering into an agreement, prepare the car, typically cleaning it out and fixing minor issues before taking photos. If you're selling through Exotic Car Trader, you won't have to worry about that, as we'll send a professional photographer to get your car's best angles. Some consignment companies will request to hold the car to maximize walk-in traffic, especially if they have a physical location. That's one way the car can be marketed. Marketing the car leads to interested buyers making offers, which the consignment company accepts on your behalf and informs you of bids they might find interesting enough for you to consider. They also handle negotiations, and should you settle on an offer, they'll begin finalizing the sale process, which mainly revolves around title and funds transfer. The consignment company will then remit the funds to you minus the consignment fee or commission.
Car consignment offers several benefits, but here are those that set it apart from traditional selling avenues:
Consignment companies have established buyer networks and marketing channels, enabling them to reach a wider audience, which usually translates to cars selling quicker.
By selling a car through a consignment company, the marketing is targeted towards an audience that suits the car. This can lead to a higher selling price as the car is more likely to attract buyers willing to pay what it's worth, especially if it's a high-end car.
Tire kickers and lowballers can be a nuisance, and you'll mostly encounter them when selling a car privately. Consignment companies can identify and handle serious buyers, ensuring you engage with serious offers and qualified buyers.
Our remote listing service, like consignment selling, minimizes your involvement in the sale process. However, we'll do more than just sell your car. You get to enjoy the convenience of selling your car from anywhere in Los Angeles, California and have it in your hands throughout the sale process. Fancy having some photos taken? We'll have that taken care of, and when the listing goes up, it will have a description that best sells it to our vast network of buyers. This also applies to classic cars. We don't stop there. Exotic Car Traders has partnered with other online listing platforms such as Autotrader, Hemmings, eBay Motors, and Cars.com to ensure your car gets maximum exposure. Visit our website to learn more.
Though we've not covered the full width, Selling a car on consignment offers numerous advantages, especially if you're looking for a convenient and hassle-free selling avenue. Exotic Car Trader offers even greater convenience with our remote listing service, allowing you to sell your car from anywhere in Los Angeles while enjoying additional benefits such as professional photography and widespread exposure through our partnerships with major online platforms.
Exotic Car Trader is the fastest growing marketplace built specifically for automotive enthusiasts. Click below to learn how you can sell your car with us.
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