For various reasons, RV consignment is a standard method for people to sell their RVs. Maybe they wanted to avoid dealing with the hassle of selling the RV. They could also live in a rural area where they need help finding customers. The method only works for those who need to sell their RV immediately. A consignment dealer with more foot traffic and marketing resources is more likely to attract attention to an RV when it is turned over to them. Thus, a good offer is more likely to be made to the coach. Usually, a dealer will consign your RV for one to three months after you hand it over. It is estimated that your RV will sell within this timeframe. This method is perfectly fine if you are willing to wait a few months.
As soon as your RV is in the consignment dealer’s possession, they will advertise and show it to potential buyers. They’ll handle all the day-to-day issues and only contact you when they have offers for motorhomes or travel trailers. You will receive the money once the RV is sold and the commission is deducted.
Advantages of Selling an RV on Consignment:
By now, you may be wondering what the reasons are for selling your RV on consignment. A major benefit of RV consignment is the ease of handling advertising, inquiries, and showing your RV without dealing with the hassle. For many people, losing a small percentage of the sale is worth not having to deal with all these things. Furthermore, you may sell it for more on consignment than you would otherwise, even if you lose a little bit of money on it. You will never be able to reach as many people as a dealership can. As the dealer can handle the financing aspect of the sale, you can also consider buyers who need financing. Dealers strive to sell RVs as quickly as possible. It will take you longer to do that yourself than to have a dealer do it. Their resources are greater than yours, and they can sell it for a higher price and quicker than you.
Disadvantages of Selling an RV on Consignment
While consignment has many advantages, there are also some disadvantages. There is one significant downside to consigning your RV: you have to pay a commission. You may have less money in your pocket if you sell it yourself. Getting RV consignment insurance is a good idea, which is more money wasted. In addition, you’ll have to pay extra for services like cleaning and preparation. It is also possible that you will lose a lot of money if you are not knowledgeable about RV consignment sales. A contract also prohibits you from selling your RV elsewhere while you are under it. Therefore, if you receive a better offer elsewhere, you cannot accept it. If you want the buyer’s business, you must direct them to the dealership. Finally, while your RV is consigned, you cannot use it. You cannot take your RV out for one last time before you sell it. Until it sells or expires, it will remain in the dealership.
