Typical cost of selling via consignment?

rockhillmanor wrote:

T18skyguy wrote:

Mbiviano wrote:

T18skyguy wrote:
When you consign a rig, you are actually transfering ownership to them. Keeping the title doesn't matter. Rigs on consignment are considered assets of the business.

I'm not discrediting your specific situation, but this statement is generally not accurate with consignments. Are you legal savvy enough to share what would be different with RV consignments than regular consignments?

You don't need to be legally savvy when you see it with your own eyes. I witnessed this in Madison Wisconsin. I put up a thread on it on an RV site, and people in a handful of states responded that it was also the law in their state. I talked to the people in Madison that lost their rigs. Some had the titles, some didn't. It didn't matter. In the signed contract ownership was transferred to the consignment dealer. Perhaps this is not true in every state, but I'm certain it is in some. Another one being Arkansas I think. The language used was "all property on the defunct business is assigned to the lienholders"

I sold my RV in Wisconsin just outside Madison and that was "not" the case. Perhaps it was a County law and/or pertinent to the specific dealer how they were doing business. And if the RV had a lien on it. In my case my RV was paid for.

It is not law. It simply was not a consignment contract or an unethical dealer. And if they were insolvent when they took possession owners do very shady things thinking they will cover the shortfall with new sales.