Consignment can be arranged as a percentage of the sale price based on a sliding scale. Over and above this percentage we charge $1000 for storage and advertisement for a 60 day period and individual arrangements can be made. Because the effort involved in selling a $30,000 car is often comparable to selling a $300,000 car, we have to charge a higher percentage of the sale price on the less expensive cars.
Our Consignment fees start at 5%. They can increase depending on the car's price, condition, and the planned marketing campaign.
In contrast, selling your car through one of the major auction houses will ultimately cost 10% (without shipping and aggravation) on BOTH the buyer's and seller's sides; therefore the seller only realizes 80% of what the buyer actually paid for the car.
In order to achieve maximum value for a consigned car we encourage the current owner to bring or ship everything they want the next owner to have. Specifically, all receipts outlining cosmetic and mechanical work completed, documents providing information on ownership history, newsletters or magazine articles, spare parts, tools, service books and/or owners manuals. These items, if available, are extremely helpful to us, and undoubtedly a value added feature for the buyer. The Consignor keeps the original title but SBMC will need a copy of the title and proof of insurance.
