Re: Sell a car on consignment?
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As evidenced by the group of Mopars that were sold thru a dealer a few months back that went sour, just keeping the title isn't the protection you would think it should be. The dealer can still sell the car, take the money and leave you hoping he passes the money on to you. You can't just go get your car back from the guy that legally bought it from a licensed dealer. And if the dealer spent your money you are gonna be miserable. I would check in person to make sure your car is still there on probably a weekly basis. I know first hand accounts of a dealer out here that was tight on finances and solved his problems by selling cars and keeping the money. Yes he has a few judgements against him but all he has is now gone so those with the judgements will never get a thing.
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More good information. I met with a forum member and a consignment dealer at my house today. With their system, the car and docs stay here at my house and the dealer handles the marketing.
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