The 1947 - Present Chevrolet & GMC Truck Message Board Network







Register or Log In To remove these advertisements.

Go Back   The 1947 - Present Chevrolet & GMC Truck Message Board Network > 47 - Current classic GM Trucks > The 1960 - 1966 Chevrolet & GMC Pickups Message Board

Web 67-72chevytrucks.com


Reply
 
Thread Tools Display Modes
Old 09-20-2018, 12:16 PM   #1
jhrusk
Registered User
 
Join Date: Nov 2011
Location: mid ga
Posts: 552
Consigning a vehicle

Has anyone consigned a vehicle with someone like gateway, RKmotors or streetside classics and what was the experience like. Thanks in advance.
__________________
check out SANFORD build thread
http://67-72chevytrucks.com/vboard/s...d.php?t=522019
jhrusk is offline   Reply With Quote
Old 09-20-2018, 02:09 PM   #2
AnobleL74
Registered User
 
Join Date: Jan 2017
Location: orlando florida
Posts: 113
Re: Consigning a vehicle

I just did some research on this, here is my take on it.
1. be careful, your collector car policy will probably not cover your car for loss. the dealers tell you they have insurance, but that is not full cover for you. you need to get a policy that will specifically cover your car while on consignment . my policy American collectors would not cover it during consignment, I think Hagarty will write a policy that will cover it, but I did not want to go to the hassle of changing insurance as it affects my other policies ( umbrella coverage).

2. my best unstanding of how the commissions work is : dealer will want to list your car with about 10% off of cars value. , then they will get a bout 20% commission. so you would pay about 30% commission off of what you could sell it directly to the new buyer for. . these are rough estimates of what I learned.
They will sell it fast, but you take a big risk and pay excessive commission. You will take longer to sell it on your own, but get closer to your cars value in your pocket.

I decided not to go this route.
AnobleL74 is offline   Reply With Quote
Old 09-20-2018, 09:19 PM   #3
hotrodder
Registered User
 
Join Date: Oct 2011
Location: Bloomington Indiana
Posts: 322
Re: Consigning a vehicle

I used Gateway in ST. Louis to sell a 48 Chev. Cpe. Sale went smooth. I wanted $26500.00, they listed it for that and when it sold I paid a 18% commission. It took 28 days to sell. I was having a situation at home so is satisfied.
hotrodder is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 01:34 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright 1997-2022 67-72chevytrucks.com