Author Archive: Admin

DO YOU HAVE A MUSCLE CAR TO SELL? Consignment selling is where a licensed motor dealer (consignee) agrees to sell a vehicle on behalf of the individual owner (consignor) of a motor vehicle. After the sale, the motor dealer pays the owner the agreed sale proceeds less any agreed commission. If you agree to sell a motor vehicle on consignment you must have a written agreement. The consignment agreement must include; The name, address and license number of the consignor and the consignee. A description of the vehicle, including registration number or vehicle identification number (if not registered). The details of any encumbrance (including the amount) or a statement that there is no encumbrance. An agreed price to be paid to the consignor. The directions for disbursements of the agreed price specifying any required amount to discharge any encumbrances. The date of commencement, termination or period of consignment.

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