If anyone has any helpful suggestions to selling a motorhome on consignment, would appreciate your feedback,
IE: pitfalls of selling this way (we understand we have to pay the dealer etc, just do not have the time for people coming around etc to look at the Motorhome)
Anything we should look out for with the dealer etc,
Any helpful hints or suggestions would be appreciated.
Many thanks.
Leither
dogbox said
04:00 PM Sep 7, 2018
check an see if your insurance covers you to sell on consignmant
Possum3 said
05:01 PM Sep 7, 2018
You should register your interest (personal property security interest) in a vehicle being sold on consignment basis otherwise you cannot guarantee being given the funds when it is sold www.ppsr.gov.au/register-security-interests
LLD said
05:04 PM Sep 7, 2018
Make sure you get a bank cheque or something where you get the proceeds and the agent gets the commission.
A few weeks ago there was a big case where a person was selling luxury vehicles on consignment but not paying the vehicle owner.
skins said
05:50 PM Sep 7, 2018
Do as much research as possible first on where you intend consigning it to. Some time ago I read on a caravan Facebook page about a bloke ripping everyone off by selling by consignment. Unfortunately I cant remember his name or company details but he was up QLD somewhere.
hako said
07:38 PM Sep 7, 2018
Something to consider is if the dealer selling your caravan goes bust, locks will be put on the property where your van is being sold on consignment immediately. This can mean you will have to go to court to get your caravan back.
N33224 said
08:50 PM Sep 7, 2018
Just been through this - see thread selling motorhome.
Geoff
montie said
07:17 AM Sep 8, 2018
The law regarding consignment sale of motorhomes differs from state to state.
In Victoria it is illegal.
Leither, I see you are from Queensland so I will give you the regulations for that state.
1) The dealer selling your motorhome must be licensed under the PAMD act (Property Agents and Motor Dealers Act) and must display his licence in a prominent position at his dealership.
2)The selling dealer must legally maintain an audited trust bank account through which all consignment funds must pass.
3) Not all dealers insurance policies cover consignment stock so ask that question. My advice maintain your current insurace cover untill your motorhome is sold.
4) Commission payable in Qld is 10% of the sale price plus GST.
5) If a dealer defaults on payment you may seek reimbursement from the Dealer Fund provided he is licensed.
6) The dealer usually pays all advertising costs out of his commission however all this is covered when the official PAMD paperwork is done at time of consignment.
wasn_me said
02:39 PM Sep 8, 2018
What's wrong with gumtree, caravan sales, etc. I wouldn't have strangers going through my pride & joy unsupervised. You get 100% of sale price. Cheers Pete
montie said
05:32 PM Sep 8, 2018
When selling your RV you have three options.
1) Advertise and sell privately. By far the best option financially, but not always the easiest.
Living in a remote area will make it difficult to get lookers plus many buyers these days have trade ins or need finance plus many people don't want strangers knocking on their door.
On the other hand if you sell privately you will maximise your price.
2) Sell on consignment through a licensed dealer, already discussed.
3) Sell at wholesale price to a dealer, least palatable financially but the most convenient.
Get you money on the spot and move on.
GarrynLyn said
06:28 AM Sep 9, 2018
A couple of years ago, we had no response to ads when selling our caravan. We then spoke to a local van yard about consignment. He asked what we expected to get for the van, and we agreed on a set amount.
Two weeks later, the yard owner rang and said he had had an offer. We were happy with it, and the deal was done.
I doubt we would have sold the van so quickly if we had just continued advertising it. Incidentally, the van yard is at Moresby, FNQ.
Garry
dogbox said
09:48 AM Sep 9, 2018
GarrynLyn wrote:
A couple of years ago, we had no response to ads when selling our caravan. We then spoke to a local van yard about consignment. He asked what we expected to get for the van, and we agreed on a set amount.
Two weeks later, the yard owner rang and said he had had an offer. We were happy with it, and the deal was done.
I doubt we would have sold the van so quickly if we had just continued advertising it. Incidentally, the van yard is at Moresby, FNQ.
Garry
did you get what you were expecting ? was a scam a few years ago with a large car yard in Sydney that took cars on consignment would ring up an say they had an offer you accepted. turns out they were selling at one price paying the consigner a lower price (offer) pocketing the difference.
one of the main advantages to selling thru a dealer is that they can offer easy finance and usually prominent display
GarrynLyn said
03:36 PM Sep 10, 2018
Yes, dogbox, two grand short of our asking price, but we were happy with it.
If anyone has any helpful suggestions to selling a motorhome on consignment, would appreciate your feedback,
IE: pitfalls of selling this way (we understand we have to pay the dealer etc, just do not have the time for people coming around etc to look at the Motorhome)
Anything we should look out for with the dealer etc,
Any helpful hints or suggestions would be appreciated.
Many thanks.
Leither
A few weeks ago there was a big case where a person was selling luxury vehicles on consignment but not paying the vehicle owner.
Do as much research as possible first on where you intend consigning it to. Some time ago I read on a caravan Facebook page about a bloke ripping everyone off by selling by consignment. Unfortunately I cant remember his name or company details but he was up QLD somewhere.
Something to consider is if the dealer selling your caravan goes bust, locks will be put on the property where your van is being sold on consignment immediately. This can mean you will have to go to court to get your caravan back.
Geoff
In Victoria it is illegal.
Leither, I see you are from Queensland so I will give you the regulations for that state.
1) The dealer selling your motorhome must be licensed under the PAMD act (Property Agents and Motor Dealers Act) and must display his licence in a prominent position at his dealership.
2)The selling dealer must legally maintain an audited trust bank account through which all consignment funds must pass.
3) Not all dealers insurance policies cover consignment stock so ask that question. My advice maintain your current insurace cover untill your motorhome is sold.
4) Commission payable in Qld is 10% of the sale price plus GST.
5) If a dealer defaults on payment you may seek reimbursement from the Dealer Fund provided he is licensed.
6) The dealer usually pays all advertising costs out of his commission however all this is covered when the official PAMD paperwork is done at time of consignment.
1) Advertise and sell privately. By far the best option financially, but not always the easiest.
Living in a remote area will make it difficult to get lookers plus many buyers these days have trade ins or need finance plus many people don't want strangers knocking on their door.
On the other hand if you sell privately you will maximise your price.
2) Sell on consignment through a licensed dealer, already discussed.
3) Sell at wholesale price to a dealer, least palatable financially but the most convenient.
Get you money on the spot and move on.
A couple of years ago, we had no response to ads when selling our caravan. We then spoke to a local van yard about consignment. He asked what we expected to get for the van, and we agreed on a set amount.
Two weeks later, the yard owner rang and said he had had an offer. We were happy with it, and the deal was done.
I doubt we would have sold the van so quickly if we had just continued advertising it. Incidentally, the van yard is at Moresby, FNQ.
Garry
did you get what you were expecting ? was a scam a few years ago with a large car yard in Sydney that took cars on consignment would ring up an say they had an offer you accepted. turns out they were selling at one price paying the consigner a lower price (offer) pocketing the difference.
one of the main advantages to selling thru a dealer is that they can offer easy finance and usually prominent display