People commonly sell their RVs on consignment for a variety of reasons. Perhaps they didn’t want to deal with the hassle of selling the RV. It is also possible that they live in a rural area where finding customers is a challenge. Only those who need to sell their RV immediately can use this method. The chances of an RV being noticed by a consignment dealer with more foot traffic and marketing resources are higher. As a result, the coach is more likely to receive a good offer. After you hand over your RV, the dealer usually consigns it for one to three months. Within this timeframe, your RV is expected to sell. Depending on how long you are willing to wait, this method may be appropriate for you.
Your RV will be advertised and displayed to potential buyers as soon as it is in the consignment dealer’s possession. You will only hear from them when they have motorhome or travel trailer offers. After the commission is deducted from the sale price, you will receive the money.
Consignment offers the following advantages:
Now that you know why RVs are consigned, you may be wondering what the reasons are for doing so. With RV consignment, you do not have to handle advertising, inquiries, or showing your RV because you handle everything without hassle. Most people prefer not to have to deal with all these things even if they lose a small percentage of the sale. Even if you lose a little bit of money on consignment, you may sell it for more on consignment than otherwise. The dealership has access to a larger audience than you do. Buyers who need financing can also be considered as the dealer can handle the financing. Fast RV sales are the goal of dealers. You’ll spend more time doing that yourself than a dealer would. As a result, they can sell it faster and for a higher price than you.
Consignment of an RV has several disadvantages:
The benefits of consignment outweigh the disadvantages. You must pay a commission when you consign your RV. Your pocket may be lighter if you sell it yourself. A good idea is to get RV consignment insurance, but that’s more money wasted. Cleaning and preparation will also cost extra. A lack of knowledge about RV consignment sales can also cost you a lot of money. While you’re under a contract, you can’t sell your RV anywhere else. It is therefore impossible to accept a better offer elsewhere if you are offered one elsewhere. If you want the buyer’s business, you must direct them to the dealership. Finally, while your RV is consigned, you cannot use it. When you’re selling your RV, you can’t take it out one last time. It will remain at the dealership until it is sold or expires.