Car consignment in Singapore is just like other consignments. You are letting others sell your car on your behalf. Once sold, you split the sale money with them. That is how you sell your car on consignment. To learn more about how car consignment, keep reading!
Appraise Your Car’s Market Value
A car consignment shop in Singapore will not only examine the engine or horsepower. Most of them will ask questions about its history, check the maintenance receipts and lookout for modifications. Once they have grasped its condition, they will present you their valuation.
Determining the Appropriate Price
The valuation they have presented to you will be their basis on how much your car would cost. Sometimes, they will provide you with tips on how to raise your car value. Remember, the final price always depends on you.
Market Your Car to Potential Car Buyers
Once you have reached agreement on how much you are willing to sell your car on consignment. To increase your car marketability, they will advertise your vehicle on different platforms. These not only offer greater visibility but also broader access to buyers.
Negotiate, Transact, and Handle Paperwork
As mentioned above, they will sell your car on your behalf. Meaning, they will manage the buyer negotiation, transaction and even finish the paperwork. All you have to do is wait to receive the payment and sign the transferring car ownership.
Factors to Consider When Looking for Car Consignment Shop
Just like with a scrap car shop in Singapore, you also need to consider some factors when looking for a car consignment shop. These factors will help determine how trustworthy they are to sell your car. Here are just a few factors to watch out for:
Knowledgable in the automotive marketplace
Competitive marketing team
Well-design and accessible website
Can maximise the resale value.
Now that you have known how car consignment in Singapore works, will you still choose not to sell your car on consignment? If you are interested and looking for a reliable car consignment shop, check out SGCarTrade.
