Selling your car on consignment is one of the safest options for selling a used car. If you want to sell a car in Singapore, there are several options you can choose like selling it on direct buyers, dealers or through consignment. Car consignment is the process where a dealer would sell the car on your behalf. Car consignment dealers would do the promotions and marketing of your vehicle though they may or may not require the car to be in the showroom. Most consignment dealers encourage sellers to display their automobile in the showroom for a faster sales process. Consignment dealers usually have a commission fee of $500 up to at least one per cent of the vehicle’s final price.
There are risks associated with selling cars especially on your own. Car consignment dealers can be a much safer and preferred selling option when one should opt to sell their vehicle. The idea that a professional dealer will manage the sales process and documentaries, as well as the advertising of your car, is a huge convenience and hassle-free selling experience for motorists.
Here are the reasons why car consignment is a better option for selling your vehicle.
1. Avoids money scams
Scams are very much alive and kicking in today’s world. No matter how sophisticated you can be with your way of selling. Scams will always find a way to trick sellers and convince you with their modus. Several sellers have experienced falling into scams and losing their vehicle in the process. With car consignment deals the buying process is ensured to protect you from money scams thanks to the dealership expertise and knowledge in handling buying transactions.
2. Protects sellers
There’s no better way of protecting sellers than hiding their identity and address from suspicious buyers. Nowadays we get to hear news and stories about crimes of stalking and intruding seller’s homes or even trying to lure them in shady places for final transactions. Car consignment dealers never disclose your location and identity. Protecting your privacy as well as granting you security and even confidence.
3. Risk-free title transfer
Afraid of having title transfer issues? Several issues exist with title transfer that can still keep you technically grounded in the liabilities of the new owner. There are no title transfer risks with consignment dealers since they are trained and knowledgeable in dealing with difficult and unique title issues.
Want to sell your car on consignment? SGCarTrade offers a car consignment option for selling your car as well as exports for used cars in Singapore.
