Selling an RV on a consignment lot isn’t as easy as most think. There is a great deal of preparation that goes into it.
(PRWEB) May 09, 2013
SellMyRVToday.com has released a list of helpful hints for those who are considering selling a recreational vehicle on consignment.
Many consignment RV dealers will attempt to sell motorhomes for customers by placing them on the lot and asking a price that is agreed upon by the dealer and the seller. They will advertise the RV, show it to customers looking to buy and will take care of the required paperwork once the unit is sold. Selling an RV on consignment has proven to be easier for sellers than attempting to handle the sale themselves, but there are concerns that must be addressed before any paperwork is signed. Here are a few pointers to help a seller get through the process without any unwelcome surprises.
Continue to Make Payments: There are sellers who don’t realize that once their recreational vehicle is placed on the RV lot, the monthly payment must continue. Just because it is placed up for sale does not mean that the lien holder will place payments on hold.
Understand the Consignment Agreement: A seller should carefully go over the agreement with the dealer before any paperwork is signed. He or she should know what the asking price and terms will be for the unit, as well as what percentage the dealer will keep to cover the fees. Sellers must be aware of what they are responsible for, as well as what the dealer’s responsibilities are. It may be that you owe more than the motorhome is worth. You must factor this in, along with the consignment fees. You also must be aware that there is no guarantee your RV will sell right away. It could sit for months while you pay insurance and monthly payments. You should discuss what will happen in the event that the dealer gets an offer to purchase your RV for less than the asking price, and whether or not you will be notified so you can make the decision to accept or decline the offer.
The RV Must be Prepared for Showing: For most, preparing to sell an RV on consignment is no small task. It should be thoroughly cleaned and sanitized. The water system should be drained and the holding tanks should be flushed out and emptied. If you live in a cold climate, the coach may need to be winterized. There may be obvious repairs that need to be addressed. Sometimes the dealer can do these things, but it is not without a price. All personal items should be removed from the coach before dropping it off at the lot. Also, any additional accessory items that go with the RV should be listed on the sale sheet inside the RV, but should not actually be left in the unit, as things like that have a way of disappearing.
While Your Coach is On the Lot: Your RV is competing with many others on the lot, and so it should stay clean and fresh looking on both the inside and outside. Who is to clean it? Does the dealer do that or does the seller? Is there a fee involved? Also, will there be a protective covering placed on the carpet or flooring of your coach? You need to know if the dealer will allow your unit to be test driven, and what the requirements are to do so. At night will the dealer keep the unit locked and secured? Will the dealer start the generator from time to time to keep it exercised, or do you, as the owner, need to do that? Will the dealer start your recreational vehicle from time to time? Also, when the RV sells will there be charges for the pre-delivery inspection, filling the propane tanks, and putting fuel in the gas or diesel tank?
Keep the Unit Insured: It is imperative that the RV owner maintain insurance on the coach the whole time it is on the lot. The consignment contract will specify that the owner is responsible for any damage while it is in their possession. It will most likely be stated that the seller is required to keep the unit insured. Not only does this protect the RV while it sits on the lot, but if it is taken for test drives it is subject to accidents, and must be covered.
Gerard Pedata of SellMyRVToday.com said, “Selling an RV on a consignment lot isn’t as easy as most think. There is a great deal of preparation that goes into it. That’s why we recommend calling a professional RV buyer like SellMyRVToday.com. The process is quick and simple. You call us and let us know what you have to sell. We offer a price. If you accept, we bring you a check and haul your RV away.”
SellMyRVToday.com is a website run by one of the largest RV buyers in the country devoted to one thing: purchasing used RVs quickly and efficiently.
SellMyRVToday.com is not just another of the many consignment RV dealers; they’re professional RV buyers specializing in buying late model recreational vehicles and motorhomes including: Class A, Class B, Class C, Diesel Pushers, etc.
For more information on SellMyRVToday.com, or current trends in the RV industry visit the website or call Gerard Pedata.