If you are planning to trade in your RV, you may find it difficult to determine which path is most suitable for completing the transaction. The majority of people are unaware of the true nature of RV consignment, and only learn how challenging the process can be once they have gone through it themselves. When it comes to selling an RV quickly and easily, RV consignment may not be your most viable option. In the event that you have never attempted to sell your RV before, RV consignment entails turning your rig over to another party while maintaining ownership. In general, this third party is responsible for handling the phone calls, appointments, and financing. This might seem like an easy road to take, but RV owners have historically encountered many obstacles along the way.
Many RVers do not realize how difficult, costly, and frustrating the consignment process can be. Take the time to learn more about RV consignment before you sign a consignment agreement.
Consignment costs that are hidden:
Selling your RV does not require you to spend any money in order to make money. When you purchase an RV on consignment, you may end up spending more than you expected. There are a number of hidden costs that can add up and reduce the amount you receive when you sell your RV. It is common for consignment services to require a percentage of the RV’s sale price as a forfeit. Depending on the company, the exact percentage may differ. If you are considering consigning your RV for sale, you should also consider the additional costs associated with the process.
You should be aware that there may be hidden costs associated with RV consignment which can add up and affect your bottom line. It may be necessary for you to store the RV yourself while it is listed for consignment. Therefore, if you are paying to store the RV, you will have to do so until it is sold. It is possible that you will have to bear extra storage costs for some time if you are consigning during times when demand is low. All of these expenses can add up, including professional photographs, staging your RV, and deep cleaning it. You will be required to pay for all of the necessary repairs before your RV can even be listed on consignment. There may also be hidden fees associated with your loan, insurance, or another red tape that must be resolved in order to consign your RV.
Consignment prices for RVs are variable:
RV consignment puts you at the mercy of the buyer and their perception of your RV’s value. You can probably figure out the bare minimum price you’ll accept, but it’s also very likely you’ll sell your RV for that price through consignment. RV consignment can get RVs sold for less than their actual value, even if they have the most valuable resale value.
RV Consignment Can Be a Logistical Nightmare:
It is imperative to note that RV consignment services operate on their own terms. Some may maintain your RV on their lot while others may require you to hold onto your RV until it is sold. As a result, both can be challenging and headache-causing from a logistical standpoint. You will need to be available to offer potential purchasers a tour of your RV if you are storing your RV yourself until it sells. Occasionally, this may not be possible at convenient times for you, and if your RV is in storage, it may be especially difficult to arrange. Consignment companies that store RVs need to take into account additional considerations. To ensure your RV’s safety, security, and coverage during its stay on the lot, you will need to conduct research on the lot’s safety measures, its security measures, and coverage for your RV. As an example, if the RV is damaged on the RV consignment company’s lot, who will be responsible for the repair costs?
Additionally, there are logistical considerations to consider, such as the preparation of your RV for showings. It will require a thorough interior and exterior cleaning, as well as cosmetic repairs throughout.
The RV consignment process can be slow:
The RV consignment process can be quite disappointing if you are hoping to complete the selling process as quickly as possible. The reason for this is that you will not be able to sell your RV until the right buyer comes along. This can take a considerable amount of time during slower seasons.
RV Consignment Alternatives:
It is common for RVers to sell their RVs to RV dealers who purchase used RVs in order to do so quickly and easily. A dealership understands the value of your RV and is capable of buying it in a timely manner. Whenever you are ready to sell your RV, be sure to contact a reputable RV dealership to trade without worry, without headaches, or without hidden expenses.