frankdamp wrote:
After a year of not using ours, for a variety of reasons, we decided we were done. It was a 2002, so it had a couple of slides and was still in decent condition, with only 18,000 miles from new.
We decided to sell through a consignment dealer, who initially valued it at $28,500 and said he was confident they could get $25,000 for it. After 3 months of zero activity, we finally got a bid of $14,000. I told them to stick it where the sun don't shine and they unilaterally abrogated the contract.
We were very anxious to sell, so we renegotiated and the offer was upgraded to $15,800, still $5000 below NADA wholesale and over $8000 less than their minimum estimate. We were so sick of messing about and so anxious to sell, we agreed.
When I signed over the title, the dealer rep very carefully tried to hide the tear-off "Seller's Report of Sale" that is part of a Washington State title. They seemed ticked off when I unfolded it and took it with me.
I realised, when I went to file the report, that there was no definition of the buyer. When I called, the dealer said, "Oh just put our name on it". As a result, I legally sold my rig to the dealer for $8000 below wholesale. I think I got ripped off.
I've alerted the State Vehicle Fraud people to keep an eye open. Maybe the dealer will get his just come-uppance, but I'm not holding my breath. If the State finds a much higher resale price than the supposed "offer", I may have some redress.
Bottom line is "Beware of consignment dealers. Make sure the contract is well balanced". We'd had a couple of favorable reports on the dealer we chose from people we know who have dealt with them, but they sure didn't live up to the recommendations.
Are you suggesting he steered buyers away so he could get a deal on it?
I'm a bit confused that you didn't even ask who was buying it until after the sale?
Assuming there is no evidence he steered people away from it, you were offered a price and you accepted. Whether that price came from an individual or the dealer, doesn't make much difference.