How Much More Can I Make Selling My Car on Consignment?
The big question we get asked frequently at Retail My Ride is, "how much more money can I really make selling my car at a consignment dealership?"
A Quick Review of Your Seller Options
So you need to sell your car, motorcycle or RV (or maybe all three)? Search online for help and you will find thousands of articles, ads and talking points about the same two old-school options:
Old-School #1 - Take it to a Dealer
Take it to a local dealer or national superstore and ask them to make you a quick cash or trade-in offer. They offered you how much? Ouch!
Old School #2 - Sell It Yourself
Get more money than the dealer's low wholesale offer by selling it yourself. True, but do you really want to take on another full-time job as a mechanic, detailer, marketer, telephone receptionist, used vehicle salesperson, F&I manager?
Does anyone really like either of these two Old-School options much? Its like asking yourself, "what would I rather do today, go to the dentist or go stand in line at the DMV office? One is going to hurt me and the other is a dreaded hassle and waste of time.
Smart School - Retail Consignment
Guess What? There are hundreds, perhaps thousands (Retail My Ride is still cataloguing them for you) of licensed consignment dealers throughout the United States that specialize in selling late-model cars and trucks, motorcycles, RVs, classics, antiques, customs, exotics and vintage vehicles like yours. Think of these Consignment Pros (dealers) as, "real estate agents" for your vehicle. Hand them your keys and let them do what they do best - sell your vehicle - faster, easier and for more money. Experience the financial gains of Retail vs Trade-in value and at the same time eliminate the hassles and hazards of private selling. Go Retail Consignment - then you can ask yourself, "what would I rather do today, go to the beach, play golf, or go skiing?
Real Life Examples
Real life examples are always a great way to see things as they really are. Here are real seller experiences with their recent sale using a licensed Consignment Pro (dealer):
2014 Subaru Legacy Limited
Dealer Trade-in Price
$12,300
Suggested Retail Price
$15,700
Consignment Sale Price
$15,000
Seller's Gain vs Dealer Trade-in
$1,900
(after consignment fees)
2015 Honda Accord EX-L
Dealer Trade-in Price
$13,700
Suggested Retail Price
$18,700
Consignment Sale Price
$17,500
Seller's Gain vs Dealer Trade-in
$2,800
(after consignment fees)
2011 Mercedes Benz E350
Dealer Trade-in Price
$13,200
Suggested Retail Price
$18,500
Consignment Sale Price
$17,400
Seller's Gain vs Dealer Trade-in
$3,000
(after consignment fees)
Watch Our Video:
How to Get More Money, Hassle-free
