Selling a Caravan on Consignment
Submitted: Thursday, Nov 24, 2011 at 17:11
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What are the Pro's and Con's of selling a caravan/boat/car on consignment, do you have to give them the licence papers? and what happens if they went broke/Bankrupt?
Reply By: Rangiephil - Thursday, Nov 24, 2011 at 17:15
Thursday, Nov 24, 2011 at 17:15
You have identifed the main danger straight away.
I have personally raced to failed dealers to collect cars and motorcycles before the receiver/liquidator grabs them.
Possession is 9/10 of the law and if a company goes broke you could spend months or years trying to extract your goods on consignment.
Regards Philip A
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Follow Up By: Rangiephil - Thursday, Nov 24, 2011 at 17:35
Thursday, Nov 24, 2011 at 17:35
The other danger is that the consignee will sell the van then do a runner with the money, similar to what is called "conversion" in the car industry.
You will come to look for your van and the consignee will tell you that it is down the road being painted, repaired,cleaned etc, and probably then disappear when his attempts at delaying the inevitable failure become untenable . Then see above.
Regards Philip A
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Reply By: Member - MUZBRY(Vic) - Thursday, Nov 24, 2011 at 21:04
Thursday, Nov 24, 2011 at 21:04
Gday
And next year it will all change again. You will have to register your sale so you get first go after the liquidator has his go . I am trying to get more info on this at the moment .
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Reply By: old mate - Friday, Nov 25, 2011 at 07:43
Friday, Nov 25, 2011 at 07:43
My brother has sold his last 2 vans through a Jayco dealer on consignment in
Adelaide. No problems whatsoever. The dealer did nothing without authorisation and my brothers vans were exposed to a larger market than just an on line ad. (which he also had). - and he got the price he wanted for both and that was after the dealers commission.
Can't see a problem with an established dealer - don't write the concept off.
P.S. I've also sold a motorcycle on consignment - no problems.
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Reply By: Member - Troll 81 (QLD) - Friday, Nov 25, 2011 at 08:58
Friday, Nov 25, 2011 at 08:58
When I sold my boat through a dealer the transfer paperwork got signed once they had the cash from the deal. On the day I signed the paperwork they gave me a bank cheque and all was
well.
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Reply By: brushmarx - Friday, Nov 25, 2011 at 10:11
Friday, Nov 25, 2011 at 10:11
I have seen it in the past with a boat on consignment.
The dealer took some money for advertising, and then used the boat advertising to sell up and down from.
The requested price was fair, but spies who asked about it were told "why spend this on a used boat, when for only a few grand more I can put you in a brand new boat", and also "for a saving of $2000, you could have this one" .
The consignment was for a fixed time, and only in the last weeks was the boat actually pushed (and not sold).
It did offer good advertising for the dealers other boats.
I have heard of good results with consignment sales, but not all of them. I guess it gets back to trust.
Cheers
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Follow Up By: Bill BD - Friday, Nov 25, 2011 at 11:38
Friday, Nov 25, 2011 at 11:38
My experience with selling on consignment have been similar. It does not represent the best profit for the dealer and is more often used as a tool to push the higher profit stuff. That was a car though. May be different for caravans.
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