Sales and Consignment of Classic Cars
People go into classic and specialty automobiles collection not solely for personal gratification but also as an extremely lucrative business proposition. The classic car enthusiasts start by buying a vintage or antique automobile cheap, since such cars have seen better days. They then refurbish the car for it to recapture its original sheen and function. After indulging their pleasure for awhile on the restored classic, the enthusiasts sell the now precious item many times the acquisition cost. In many ways, such a business with classic cars is like dealing with rare paintings and sculptures; both are art works that command a rarefied price.
You steer clear of the hassles if sale of classic cars is done on consignment basis:
Consignment is an arrangement whereby goods are left in the possession of another party to sell. Typically, the consignor receives a percentage of the sale, which can often be very large. The arrangements are typically in effect for a set period of time, after which the goods are returned to their owner. Selling on consignment is a great option for individuals or businesses that do not have a brick-and-mortar presence, which consignment arrangement is now commonplace on the Internet. Most online companies are in fact consignment shops in character because, for a percentage of the sale, they offer people a marketplace to exhibit and sell their wares
The benefits and advantages of sale and consignment of classic cars include:
You can sell your car from the consignor’s showroom or wherever you store it. The consignor will work with you in evaluating the condition of your car and checking national resources to establish the amount you would receive upon the sale of your car. A professional classic car sale and consignment company has the experience, sales staff and necessary resources to work and spare you from the rigors of selling it yourself. The consignor takes care of everything, from advertising, qualifying, negotiating to arranging financing, transportation, paperwork and delivery.
The marketing professionals help your car vie for the attention of buyers on the world stage. With a vast choice of potential buyers, your car is assured of a higher price. It’s like bidding out a product or project to a large field of interested parties; the bidders will try to outdo each other and you get to choose the highest bid.
For those who want to buy a classic car, these are some of the caveat emptors:
Browse or search through the inventory of cars that might interest you. Use the intuitive buttons to navigate the pages using the listings and headlines to go further into the inventory of all the makes, models or years of production that you could possibly want.
Once you find a car of interest get information about its history, features and current condition. There should be a good number of pictures of the vehicle including the engine compartment, trunk, interior, exterior and undercarriage. If the seller has disclosed any blemishes, close-up pictures should be included. Understand the title status of the vehicle and any issues with liens or lack of documentation that would pose a problem in vehicle registration.