When you put aside the hassles and inconveniences and start to think of all the possible hazards and risks associated with selling a vehicle yourself, the list of fears grows quickly. Here are the Top 5 reasons hiring a Consignment Pro (dealer) to sell your Car, Motorcycle or RV is safer than selling it yourself:
Reason 1: Protects Your Privacy
No strangers coming to your home or work. No scary meetings in a "public place" to see and test drive your vehicle. No ride-along with strangers, not to mention possibly bad drivers. There have literally been news stories recently about people being harmed, robbed and even killed trying to sell a vehicle themselves.
Reason 2: Avoids Money Scams
We've all heard the horror stories of shadowy characters online and in person. With technology, they are becoming more common, sophisticated and convincing with their scams. Even the most careful and diligent sellers can be tricked and harmed. The biggest scams involve handling of the sale money. Believe it or not, "certified funds" and even cash are no longer a completely safe method of payment. Counterfeit money, fake or cancelled cashier checks, phony wire or ACH transfer confirmations are all realities in today's digital world.
Reason 3: Avoids Curbstoners
The term "Curbstoners" is little known to most private sellers, but they have become wide-spread and very dangerous. Essentially, these are people who contact you about purchasing your advertised private sale vehicle. Some will present themselves as a private buyer and others will say they are a licensed dealer, but they are neither! These scammers are out to flip used vehicles for a quick profit and have no intention of paying the sales taxes, title fees or completing the transfer from you to them. Instead, they will ask you to sign the title and leave the purchaser's name and address fields blank using a list of many convincing reasons why. This allows them to put a "for sale" sign in the window, put "your vehicle" on a street corner (curb) and sell it to someone else as if you sold it to that third party person. You can see where this is headed and the liability you expose yourself to is large.
Reason 4: Eliminates Product and Safety Liability
When you hire a Consignment Pro to sell your vehicle, you are transferring product and safety liability that comes with a consumer sale from you to the Consignment Pro. That's because with consignment, you are legally selling your vehicle to a licensed Consignment Pro (similar to a dealer trade-in transaction) who then becomes the retail seller to the final buyer in the transaction. Did you know that in many states, if a recently sold used vehicle doesn't pass inspection for the buyer, the seller may be financially liable for the cost of all repairs necessary for the vehicle to pass, even long after the sale. By hiring a Consignment Pro, you are creating a barrier or wall against liability from the buyer.
Reason 5: Eliminates Title Transfer Risks
Do you know what happens when you sell your vehicle directly to a private buyer and that buyer does not complete the required title transfer and registration, or if there are problems with the title document? You guessed it! You are still technically liable as the current owner of record. Aside from convenience, Consignment Pros are licensed and bonded in their state to protect the private seller and the buyer, and they are experts in dealing with unique title issues like lien releases, odometer discrepancies, probate/heirship, lost titles, affidavits, safety inspection requirements, or anything else arising during the entire process.