Typical cost of selling via consignment?

[StephJohn2010]

Just wondering about the cost of having a consignment place sell a Class A motorhome. Is there a base $ amount or a percentage they charge?

[gbopp]

T18skyguy wrote:
When you consign a rig, you are actually transfering ownership to them. Keeping the title doesn't matter.
You would think it illegal, but they signed the document that gave them permission to do it.Read the fine print.

Ouch.. :S

[Lwiddis]

“Read the fine print.” Then read it again. Call your insurance agent too.

[T18skyguy]

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. Most of the time it doesn't matter, and it all works as it should, but if they go out of business abruptly, or declare bankruptcy, all vehicles become property of the creditors. I witnessed this once in Wisconsin. There we're 40 rigs on the property,they declared bankruptcy and locked the gates and they all lost their rigs. After the creditors were paid, there was nothing left to give back to the owners. You would think it illegal, but they signed the document that gave them permission to do it.Read the fine print.

[Slownsy]

Make sure you read the hole contract before signing anything, ther are good dealerships and not so good ones. We had a wery bad experience that took a long time and some money to sort out.
Frank

[bobsallyh]

Don't know the answer to your question but make sure you HOLD the title to the RV, not the consignment lot.