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Vehicle Consignment Agreement 2025

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The Vehicle Consignment Agreement outlines the terms between a consignor and Sunset Motors (the consignee) for the consignment and sale of a vehicle. The consignor delivers the vehicle to the consignee, who agrees to sell it at a specified minimum price while retaining ownership of the proceeds until sold. The agreement includes provisions for accounting, document transfer upon sale, notice for vehicle removal, and exclusivity on extended warranties or financing. It also details commission rates and procedures if the vehicle is not sold.

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2017	4.6 Satisfied (34 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What percentage does consignment take?

Most consignment shops take between 40% to 60% of the sale price. Keep in mind that every shop sets its own terms. The split often depends on the shops brand reputation and sales volume. A well-known shop might ask for a bigger cut, but they might also sell your items faster.

Is it a good idea to buy a car on consignment?

Consignment works well from both sides. As a buyer, car consignment means you can trust that the car youre buying has been vetted by someone who has a vested interest in making you happy.

What is a typical consignment agreement?

A consignment agreement is a written agreement between two people that allows one, the consignor, to hand over goods to another party, the consignee, for the consignee to sell on behalf of the consignor. Upon sale, theyll pay the consignor a percentage of the sale price as a commission.

How much money can you make from consignment?

A great consignment rule of thumb is 25-40% of what you paid for the item, depending on brand name and condition of item.

How much do dealers make on consignment?

2 - Commission fee This is earned and paid to the consignment dealer only when your vehicle sells. Consignment dealers usually determine the commission amount by using one of these most common methods: Flat - usually between $500 - $2,500, or. Percent - based on % of final sale price of vehicle.

What is the commission on consignment sales?

Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Consignment arrangements typically are in effect for a set period of time. After this time, if a sale is not made, the goods are returned to their owner.

How much do dealers take on consignment?

In contrast, consigning your vehicle with an agent or dealer typically requires a lower cost to the seller, with consigners typically charging ~5% of the vehicles retail value as a commission or fee. With a $100k vehicle, this means that the seller can expect to get $95k from a consigned sale.

What does it mean when a vehicle is on consignment?

Car consignment is a process where a car owner partners with a dealership or an agent to sell their vehicle on their behalf. Unlike a typical sale where the owner handles all aspects of the transaction, in a consignment sale, the professional dealer manages everything from marketing to finalizing the deal.

Vehicle Consignment Agreement 2025

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