selling rv when you still have financing

The only way to guarantee you will make money is to sell it yourself. So what if it takes a little more paperwork and shoe leather. You come out with more $$$.

Well the good thing is you don't have to agree to it. They can also not agree to what you want if they feel you are asking too much. You can't go by nada. The market will determine it. Same as cars.

wbwood,
We sold our old coach on consignment and the dealer did as you described. Just spoke with someone at CW last week and they wanted to consign it below the low end retail that NADA shows, said we wouldn't get anymore than that for it. I know they have to make money too and I don't begrudge them for a minute but I thought it was a little on the low end. Maybe I am missing something or am being naive.
And yes, I agree, selling it on consignment does take the hassle out of the equation. I also tried contacting a couple of other dealers but can't get the time of day from them - they don't return calls or email inquiries and the dealer I purchased it from wants to give us 10k below the CW price for consignment. Sigh....not in a hurry so I will think this through.

From what I understand, at least with CW consignment, you tell them what you need out of it. They will put a higher price to make their money. It may be 5% or 25%. But I never heard there was a percentage. A coworker sold his through last year. From what he told them he needed and what they listed it was less than a 10% difference.

If you sell it on your own, then you need to market it on your own and be available to show it to everyone that says they are interested. If you have a lien on it, then your buyer gives you the money and you turn around and pay off the lien. The lien holder will then release the title, which the purchaser will need to register it. The state will then do new title paperwork and will either send he title to the owner if paid in full without a new lien, or they will send it to the new lien holder.

Having it consigned takes a lot of the work and headache out of it. Yes, you may not get as much as if you wait it out and wait for the right buyer, but if you are looking to get rid of it faster, then I would go consignment.

thanks for the detailed info, it helps a lot :)

the bears right on the donut, can,t get any better advice than his.

Most of the time if you sell it yourself you would go to the finance institution with the buyer to pay off the loan. You and the finance institution would give the buyer a bill of sale to use while waiting for your finance company to send the buyer a signed pink slip/transfer of ownership.

If the buyer doesn't have cash then they would have to get fianancing and have a check to pay off your loan. You may have to meet with the new finance company and bring paperwork.

Consignment is easier but you will lose at least 25 % of the sale amount.