Imagine not having to deal with all the calls and messages of buyers when selling your car, or even making the advertisement itself. That sounds almost like a dream when you know the hassle that comes with selling a car: determining the price, finding a buyer, completing the paperwork, along with many other things.
Now imagine if you had someone to do the negotiation, test drives, and all the paperwork for you, and you still got cash for your car in the end. That’s basically what a consignment when selling a car means.
We’ll cover how it exactly works in this very blog.
Ready to Sell? We’re Ready to Buy!
No Hassle, Just Cash – Book Your Free Pickup or Quote Today!
what does consignment mean when selling a car?
When a car is sold on consignment, it means the car is sold by a dealer or third party for the seller, but the seller still owns the car until it’s sold. The dealer handles all the selling, making it a breeze. You might even get a better deal than a dealer trade-in because the car is sold at retail price, not wholesale. Dealers also often have better visibility, credibility, and access to buyers.
This is how consignment when selling a car works:
- You retain ownership: The car remains in your name, so you still legally own the car until a buyer completes the purchase.
- Dealer acts as an agent: The dealership handles the sale process on your behalf, including preparing the car, advertising, showing it to potential buyers, and closing the deal.
- Commission-based fee: You only pay the dealer a commission (typically a percentage of the final sale price) once the car is sold. If it doesn’t sell, you don’t owe a fee.
- Control over decisions: You’re still in control and approve every decision yourself, such as the final sale price.
Related Post:
How We Go About Things
We take the stress out of selling by offering a process that works much like consignment, but faster. We’ve made selling your car a piece of cake:
- Tell us about your car: Share a few details online or over the phone, such as the make, model, year, and condition. Once we have the basics, we’ll take care of the rest.
- Get your offer: We’ll give you a fair cash offer based on real market prices for similar vehicles in Alberta. All of our offers are clear, competitive, and have no obligation.
- Choose a convenient time: Pick a pickup or drop-off time that fits your schedule. We’ll arrange everything based on what works for you to make the process as smooth as possible.
- Get paid: Once you accept the offer, the payment will be given to you instantly. No waiting, no hidden fees, and no unnecessary delays.
Final Thoughts
It’s important to choose an option that fits your needs and timeline, and car consignment is a great pick for many people. At Alberta Cash for Cars, we combine the convenience of consignment with the speed of a direct sale. Get in touch with Alberta Cash for Cars today.
