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Vehicle Consignment Agreement - Miles Through Time Automotive ... 2025

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The Vehicle Consignment Agreement outlines the terms between a consignor and consignee for the consignment of a vehicle for sale. It details the responsibilities of both parties, including possession, advertising fees, commission rates, insurance requirements, and conditions for vehicle maintenance. The agreement specifies that the consignor retains ownership until the vehicle is sold and provides guidelines for handling unsold vehicles and potential repairs.

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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.

Can you finance a consignment?

Luckily, there are banks, credit unions, and alternative lenders that can provide consignment shop financing.

What do car dealers charge for consignment?

Consignment fees can be too high for some sellers. If it is a percentage based fee, the typical numbers are between 5-15% of the final sales price. If it is a fixed rate, the fees associated could be $250 - $1000. There is less control over how your vehicle is sold.

What does it mean when a vehicle is on consignment?

Car consignment in a nutshell Consigning your car means letting someone else (a consignment company aka a consigner) sell your car for you. You pay them a nominal fee and they handle every aspect of the sale on your behalf. Listing, selling, shipping.

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 does consignment work on cars?

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.

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Is buying a car on consignment a good idea?

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.

Do dealerships sell cars on consignment?

Consigners are most often found at established automotive dealers due to natural synergies between consignment and outright sale. In exchange, of course, consigners typically require compensation in the form of a consignment fee.