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Want someone to sell your car on your behalf without compromising your asking price? Find out how you can get someone to do the work for you and still get the best price.
Category: Car Selling Advice
Car consignment allows you to retain ownership of your car while your consignment agent sells it on your behalf. It's not only as simple as it sounds, but it also ensures that you're getting the most money out of your car.
Here are the five steps on how to consign your car:
- Look for a trusted consignment agent
- Engage the consignment agent
- Leave your car in the showroom or continue driving?
- Let your agent find an ideal buyer at the price you want
- Seal the deal and receive payment
Look for a trusted consignment agent
You're more likely to sell your car at your asking price if you engage a reputable consignment agent with many connections in the used car market. The more connections your agent has, the better.
Spend some time online and look for reputable agents with good reviews. Generally, if a consignment agent has more reviews, it means they've been around longer and have more experience. That means the chances of selling at your desired price increases.
Can't find any consignment agents you can trust? We have 12 trusted dealers we can recommend right here!
Engage the consignment agent
Once you've chosen a consignment agent to sell your car, you'll have to meet up to view the car. They will advise you on your asking price if you are unsure.
The consignment agent will also take the opportunity to take photos for advertising purposes.
Then there's the matter of payment.
Agent fees vary from a flat rate of $500 to 1% of the final selling price. You might also need to pay a deposit fee before the agent commences selling on your behalf.