How RV Consignment Works & When You Should Consider It
A Step-by-Step Guide to 'How Does RV Consignment Work' and What You Can Expect
When your sights are set on a new RV, your next adventure can't come fast enough. However, as you consider adding another RV to your exploration fleet, you may wonder — like many long-time RV owners — what you should do with your existing model and how to get the most profit out of your investment. Carpenter's Campers welcomes you to our family-owned RV dealer in Pensacola, FL, serving our community and beyond for over 60 years. From beginning to end, we specialize in every area of RV ownership to ensure a satisfying experience for valued customers extending beyond the finish of a sale. Of the many things we offer, RV consignment remains one of the most reliable ways to quickly and efficiently sell your current RV without spending your own time and money. If you're ready to sell your current RV, sell it to us! Follow along to learn more about RV consignment today with Carpenter's Campers, your premier RV dealership in Pensacola, FL.
What is RV Consignment?
Consignment selling is an agreement where one party sells another's property for a fee or commission. RV consignment is a specific type of consignment selling where you turn your RV over to a third-party vendor — typically an RV dealership — to be sold while you still retain full ownership. Our dealership will manage the marketing, negotiation, and paperwork on your behalf so you can reap the benefits of selling your RV without the hassle of doing so yourself. RV consignment can be an excellent option for individuals who don't have the time or expertise to sell their RV independently.The RV Consignment Process: How Does Consignment Work for RVs?
Preparing Your RV for Sale
Once you've decided to consign your RV, it's time to get it ready to sell! One of the first steps in preparing your RV for sale is determining its current market value. The current market value of your RV will be based on its age, make, model, condition, and the current supply and demand. You can determine the market value of your RV by using trusted tools like the NADA Guides, which uses nationwide data to establish a base value for consumers and sellers based on several factors, including comparable listings, vehicle depreciation, market trends, and more. In addition to online resources like the NADA Guides, our team can help determine a suitable selling price to meet your needs and budget.Gather documents, such as the title and maintenance records, for proof of ownership to verify your RV's age, condition, and other essential aspects. To make a good impression on potential buyers, you can also clean, make any necessary repairs, and remove your personal belongings to prepare your RV for consignment.
The Sale Process, Consignment Contract & Finalization of Sale
Once we have listed your RV for sale, our experts will handle all inquiries and schedule viewings. After your RV has been sold, you will receive a percentage of the sale price minus any consignment fees. RV consignment fees will be taken from the profit of your RV after the sale based on the agreement made with our team members at the time of consignment. This rate may vary. However, it is usually between 10-15% unless otherwise specified.
Understanding RV Consignment Fees
Consignment fees are a crucial aspect of the consignment process. These fees are typically a percentage of the final sale price of the RV and are paid to the consignment dealer for their services. Consignment fees can vary depending on the type of RV and the services provided. On average, RV consignment fees range from 10% to 20% of the final sale price. Some standard consignment fees include:
- Commission Fees: These fees are paid to the consignment dealer for their services, typically a percentage of the final sale price.
- Administrative Fees: These fees cover the costs of paperwork, marketing, and other administrative tasks.
- Premium or Priority Advertising Fees: These fees are charged for premium advertising services, such as featured listings or social media promotions.
- Cleaning Fees: These fees are charged for cleaning and detailing services to prepare the RV for sale.
It's crucial to carefully review the consignment contract and understand all the fees involved before signing. This will help you avoid any surprises and ensure a smooth consignment process.
Benefits of RV Consignment
RV consignment is here to make your life easier as you transition into a new chapter or RV model. Our experts wish to do everything in our power to make the RV consignment process beneficial to your shopping experiences, starting with many advantages to enjoy, including:
- Convenience: RV consignment eliminates the hassle of private sales, taking the sales process off your plate and placing it onto our capable shoulders instead!
- Expertise: Our premier Pensacola, FL, RV dealer has experience selling RVs and can effectively market your RV to potential buyers.
- Wider Reach: Carpenter's Campers is the longest-standing RV dealer in Florida, and our customer base continues to grow! We have access to an extensive network of potential buyers, increasing your chances of a quick and profitable sale.
- Professional Representation: When you consign your RV through a reputable third party like an RV dealership, shoppers are more likely to consider your RV. Our dealerships will handle everything on your behalf, ensuring a smooth and fair transaction for both parties.
- Reduced Liability: By consigning your RV with us, you can minimize your liability and avoid potential legal issues associated with private sales.
Why Choose Carpenter's Campers for RV Consignment in Pensacola, FL
- Extensive RV Experience: With over 60 years of experience in the RV industry, we have a deep understanding of the market and what buyers are looking for. We also understand the importance of having specialized RV consignment insurance during the consignment period to protect against potential risks such as damage or theft.
- Strong Network & Customer Base: We have a vast network of customers and connections within the RV community from Florida and beyond, increasing your RV's visibility.
- Professional Staff & Reputation: We employ knowledgeable and experienced staff — most of whom have been with us for many years — who can provide expert guidance and support throughout the consignment process.
- Competitive Commission Rates: We offer competitive commission rates, ensuring you receive a fair return on the sale of your RV.