It's often a hassle to sell classic cars since the market for them is small, and the selling options are limited. Most sellers use online classic car marketplaces, auction houses, and classic car shows and events to sell their classics, but each of these can be rather inconvenient, especially considering that your involvement is required throughout the sale process. This means you have to arrange viewing, handle negotiations, and, after the car is sold, handle all the paperwork, which, for classic cars, can be quite a hassle. Selling on consignment is the best way to avoid all that, especially if there's a classic car dealer near you or one that you know does consignment. Do dealers consign classic cars?
Yes, dealers consign classic cars, and the way they do it is similar to the way consignment companies consign cars. The only major difference is that while some consignment companies may handle the sale of your classic car remotely, certain dealerships prefer to keep the car on-site to showcase it and attract walk-in customers as part of their marketing strategy. What are the benefits of consigning a classic car through a dealer? Dealers usually have a well-established customer base, thus enhancing the car's visibility, which can result in quicker sales. Or, even better, a higher payout, especially if the car is collectible. Additionally, dealers have expertise in all intricacies of the sale, meaning they can handle offers and negotiations to get you the best price. Remember, consignment fees often depend on the final sale price, especially with commission-based arrangements. A higher selling price benefits both you and the dealer, so they have a vested interest in securing the best possible outcome. Another advantage is that dealerships handle the sale's paperwork and logistics like we do at Exotic Car Trader. This saves you time and effort during the final stages of the sale. So, how do you sell a classic car on consignment through a dealer?
Consigning a classic car through a dealer is pretty much straightforward. But before settling on consignment, it would be best to pick a dealer specializing in classic cars. This ensures your car is put in front of the right audience. Also, understanding your car's market value enables you to have a say on the selling price to be agreed upon with the dealer. Once you've chosen a dealership and agree on the consignment terms, such as the selling price and consignment period, you'll sign a contract outlining the terms. The dealer then takes over the sale, handling marketing, showing, and negotiations. They can also diversify how they sell the car depending on how they best see fit. They can list it online or showcase it on their socials for the best exposure. It's also common for dealers to list classic cars on consignment in auctions, but only with the seller's consent. Once offers start coming in, the dealer will manage negotiations for you and update you on serious offers. If you accept one, the dealer will finalize the sale and process the paperwork, with the sale proceeds minus the consignment fees going to you.
Our remote listing service provides a hassle-free alternative to dealership consignment with added benefits. You can sell your classic car from any location and keep using it during the sale process. If you're busy, we'll manage all aspects, including taking high-quality photos and writing a captivating listing description for our website. Plus, we've partnered with Hemmings and Autotrader Classics, ensuring your car is put in front of the right audience. For the same reason, we'll showcase your car on our socials. If you are ready to sell with us, contact us or visit our website if you want to get started with the sale process right away.
Selling a Classic car on consignment through a dealer offers numerous advantages, especially compared to traditional methods like online marketplaces or auction houses. And if you want something more convenient and personalized, our remote listing service offers a streamlined alternative to conventional consignment that will definitely impress you if you're looking to sell a classic car.
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