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True Benefits of Selling Your Car on Consignment

What is Car Consignment?

Instead of selling your car directly to a dealership or to a private buyer, you can have a licensed retail car dealership sell it for you on consignment at its full Retail Selling Price (RSP) alongside their owned inventory of cars. Some car dealerships offer professional retail consignment services where they handle the entire process on your behalf, from marketing and advertising to negotiating with potential buyers and finalizing the sale and post-sale process.

Maximized Exposure and Selling Price

One of the significant advantages of using a retail consignment dealership to sell your car is the exposure your vehicle receives. Retail dealerships that offer consignment services have established networks and marketing channels, allowing your car to reach a wider audience of potential buyers. This increased exposure results in quicker sales and higher resale value (i.e., "Retail" Selling Price - RSP) versus traditional trade-in, and instant cash offers. In most cases, retail consignment also gets you more money for your car than selling it yourself online.

Professional Marketing and Presentation

The retail consignment dealerships found on RetailMyRide.com specialize in presenting vehicles in the best possible light. They will thoroughly clean and detail your car, take professional-quality photographs, and create multiple high-quality listings that highlight its features and benefits. This professional presentation can significantly enhance the perceived value of your car, leading to a higher Retail Selling Price (RSP) from interested buyers. It is important to remember that your car will be marketed, advertised and sold alongside the dealership’s owned inventory, and potential buyers for your car have access to dealer offerings like outside financing, in-house car loans, trade-in offers, pre-purchase mechanical inspections, extended warranties amd more.

Expert Negotiation

Negotiating with potential buyers can be a challenging and sometimes uncomfortable process for private car owners. Consignment dealerships have experienced sales professionals who are skilled in negotiation tactics. They will handle all inquiries and negotiations on your behalf, ensuring that you receive the best possible Retail Selling Price (RSP) for your car without the stress of haggling with buyers yourself.

Hassle-Free Transaction

Selling a car privately online often involves dealing with numerous inquiries, test drives, and paperwork. The dangers, hassles and entanglements of selling your car online are numerous and real. Retail car consignment dealerships on the RetailMyRide.com network streamline the process by handling all inquiries, arranging test drives, and managing the necessary paperwork for the sale. This hands-off approach allows you to focus on other priorities in life, and protect yourself and your family from scams, identity theft while the dealership takes care of the entire transaction and yields you a Retail Selling Price (RSP) for your car.

How It Works

Evaluation

A retail consignment dealership will assess your car's condition, market value, and desirability to determine an appropriate listing price, or Retail Selling Price (RSP).

Marketing

Once the terms are agreed upon, the dealership will market your car through various retail channels, including online listings, social media, and their network of potential buyers.

Negotiation

Interested buyers will contact the dealership to inquire about your car. The dealership's sales professionals will handle all inquiries and negotiate with potential buyers to secure the best retail offer.

Post-Sale and Transfer

Once a qualified buyer is found, the dealership will finalize the sale, handle all necessary paperwork, and transfer the funds to you, minus their commission fee and any open loan payoffs (if applicable).

Considerations

While consigning your car offers numerous benefits, it's essential to consider a few factors before proceeding:

Commission Fees

Consignment dealerships typically charge a commission fee for their services, which is usually a percentage of the final sale price, or a flat fee depending on the value of your vehicle. However, their fee is justified by the higher Retail Selling Price (RSP) and hassle-free experience they provide.

Contract Terms

Before consigning your car, carefully review the independent dealership's contract terms, including the duration of the consignment agreement, commission rates, and any additional fees.

Trust and Reputation

Choose a reputable participating consignment dealership on RetailMyRide.com with a track record of successful retail sales and satisfied customers. We’ve saved you time by vetting our network dealers, researching online reviews and verifying their licensing and qualifications to ensure they are trustworthy and professional.

Recap

Selling your car through a consignment dealership offers a convenient and lucrative alternative to selling to a dealer or selling it privately online. By leveraging their expertise, marketing resources, and negotiation skills, you can pocket more money for your car while minimizing the stress and hassle associated with selling a car independently. So, if you're looking to sell your car with ease and confidence, consider consigning it to a reputable dealership found on RetailMyRide.com and reap the benefits of a hassle-free transaction.

How to Use Retail My Ride

Use Retail My Ride to Find & Connect with one of our trusted network dealerships specializing in selling your type of vehicle on consignment. Then, take your vehicle to the dealership to discuss their specific program requirements, and obtain a free, no-obligation appraisal. You can search by Zip code, City, County, State, and filter your search by vehicle type, including Cars, Trucks, SUVs, Vans, Classics, Exotics, Antiques, Custom/Mods, Wheelchair accessible, Commerical.

You can also request a free no-obligation quote and consultation by one of our consignment experts at Retail My Ride before being connected to your local network dealership.