RV consignments are a popular way to put your used RV on the market. If you are selling a used RV, this is the fastest and easiest way to make the sale, and buyers prefer working with a dealership that can provide after-the-sale services as well.
How RV Consignments Work
RV consignments allow you to place your RV on the dealer’s lot. The RV dealer will provide complete sales support, including handling inquiries, providing financing, and transfer of title. In return, the dealer receives a predetermined fee when the sale is finalized. In some cases, the dealer may even buy your RV upfront and then resell it themselves.
Bolster Your RV Value
You will get a higher price for your used RV consignments if you do a little work before you sell. Repair broken or cracked glass, repair leaks, and generally get the RV as close to its original condition as possible. Full-service RV dealers will have a repair shop for any touch ups you may require, and an established dealer will have access to hard-to-find replacement parts. Investing a few hundred dollars can increase the RV value substantially.
Understand the Contract
RV consignment is a legally binding contract between you and the RV dealer. It will specify the details of how the RV will be sold, how long the RV dealer will act as the seller, what your fee will be, and much more. It is important that you understand the details of the contract, so ask the RV dealer for clarification on anything you do not understand before you sign. If there are any direct costs or fees, they will be listed in the contract. This may include things like lot fees or security costs, but many dealers do not charge additional fees at all. This is something to consider when weighing between consignment versus becoming an owner seller.
Maintain Insurance Coverage
RV consignments do not include liability for injuries or damages. For that reason, you will be required to maintain insurance on your RV while it is on the dealer’s lot. Your insurance company may offer a discounted policy specifically for motorhomes under consignment, but this is a relatively new trend and isn’t available everywhere. Talk with your RV dealer about getting consignment insurance and how much coverage you should have.
RV consignments put your used RV in front of more people, give it professional sales support, and take care of all of the associated paperwork. All you have to do is sign the contract, drop off your RV, and then pick up your check after the sale.
Ask your local RV dealer in Tracy, CA about RV consignments
If you’re around Tracy, CA, contact Nohr’s RV Center and schedule a time to learn about our consignment process.
