Selling our 5th Wheel--Consignment
DH and I have decided to sell our 5th wheel. We are trying to decide whether or not to try to sell it ourselves or just take a bit of a financial hit and sell it on consignment through a dealer. Our...
Forum Discussion
I've sold several trailers as well as other vehicles myself. It can be a pain but all the money is yours. With the recent problems you hear about regarding Craigslist deals gone bad...keep in mind it is very few when compared to the number of deals daily. I would have a friend or my DW stay hidden and watch the deal. Work out a signal that would alert her to call the police if something is wrong. Or have a couple of large friends with me when doing the deal. Be sure to have the buyer sign a document indicating the sale was "as is / where is" No warranty implied.
Waiting for the buyer to come up with financing or cash can be frustrating as well. I've only had one person that had to get financing all of the others were cash sales.
If you price your RV a little lower than the market you will sell it quicker.
Several problems with consignment...first the commission can be high 20-30% or more
> Get what they plan to do to market your RV in writing and check to make sure they are working the plan
> Recently a consignment dealer went belly up and the folks who had RVs with them never got paid for sold RVs and the RVs left on the lot are tied up in litigation.
Waiting for the buyer to come up with financing or cash can be frustrating as well. I've only had one person that had to get financing all of the others were cash sales.
If you price your RV a little lower than the market you will sell it quicker.
Several problems with consignment...first the commission can be high 20-30% or more
> Get what they plan to do to market your RV in writing and check to make sure they are working the plan
> Recently a consignment dealer went belly up and the folks who had RVs with them never got paid for sold RVs and the RVs left on the lot are tied up in litigation.
