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When considering selling a vehicle through consignment, understanding the Car Consignment form is crucial. This document outlines the agreement between the vehicle owner, known as the Consignor, and the dealer or individual selling the vehicle, referred to as the Consignee. It establishes an exclusive listing, giving the Consignee the right to sell the vehicle on behalf of the Consignor while ensuring that the Consignor retains final approval over any sale. Key details, such as the vehicle's make, model, and condition, are documented, along with any liens or claims against it. The form also specifies the minimum selling price, commission rates, and additional costs that may arise, such as advertising fees or repair costs. Importantly, it highlights the responsibilities of both parties, including insurance requirements and the process for returning the vehicle if it does not sell. Understanding these elements can help both parties navigate the consignment process smoothly, ensuring a fair and transparent transaction.

Document Specifics

Fact Name Description
Parties Involved The Consignor is the person giving the vehicle for sale, while the Consignee is the dealer selling it.
Minimum Selling Price The Consignor sets a minimum selling price for the vehicle, which must be approved by them before any sale.
Insurance Requirement During the consignment period, the vehicle must be insured for theft, fire, and liability.
Commission Structure The Consignee receives a commission based on the sale price, with specific rates outlined in the agreement.
Accident Disclosure The Consignor must disclose if the vehicle has been in an accident or has any other significant issues.
Governing Law This agreement is governed by state laws, which may vary. Check local regulations for specific details.

Similar forms

  • Sales Agreement: Similar to the Car Consignment form, a sales agreement outlines the terms of a sale between a buyer and seller. It includes details about the item being sold, the price, and the responsibilities of both parties.
  • Lease Agreement: This document governs the rental of property, including vehicles. Like the Car Consignment form, it specifies the terms of use, duration, and conditions under which the property can be returned.
  • Bill of Sale: A bill of sale serves as proof of purchase for a vehicle. It shares similarities with the Car Consignment form by detailing the vehicle's description, sale price, and the parties involved in the transaction.
  • Title Transfer Document: This document is essential when ownership of a vehicle changes hands. It is similar to the Car Consignment form in that it involves the transfer of possession and outlines any existing liens on the vehicle.
  • Ohio ATV Bill of Sale Form: To facilitate the transfer of an all-terrain vehicle, review the detailed Ohio ATV Bill of Sale document for an effective and secure transaction.
  • Power of Attorney: A power of attorney allows one person to act on behalf of another in legal matters. This document relates to the Car Consignment form by granting authority to the consignee to sell the vehicle on behalf of the consignor.
  • Service Agreement: This document outlines the terms under which services will be provided. It parallels the Car Consignment form by detailing the responsibilities of the service provider (consignee) and the client (consignor).
  • Insurance Policy: An insurance policy provides coverage for the vehicle during the consignment period. It is similar in that both documents require the maintenance of certain protections and responsibilities while the vehicle is in possession of another party.
  • Return Policy: A return policy outlines the conditions under which a product can be returned. Like the Car Consignment form, it specifies the procedures and responsibilities of both parties if the item is not sold or returned.
Free Car Consignment File

Car Consignment Example

USED VEHICLE CONSIGNMENT AGREEMENT

Exclusive listing with the exclusive right to sell

I (We) _____________________________________ the Consignor(s) agree(s) to consign and deliver possession to ________________

___________________________________________at address of _______________________, with telephone number _____________,

Dealer No. __________________, the Consignee, the vehicle described as follows, for the sole purpose of selling the vehicle with a

minimum selling price of $______________. Consignor(s) shall have final approval of any proposed sale of the vehicle.

This agreement is to begin on ______________________ and will terminate on ________________. The terms of this agreement are that

the Consignor shall return the vehicle to the consignor(s), or enter into a new agreement at the termination of this consignment agreement.

Year

 

Make

 

 

Model

 

VIN#

 

License Plate #

 

Odometer

 

Style

 

Exterior Color

 

Actual Miles, TMU, Exempt?

 

□

□

□

□

□

□

□

□

Air Conditioning Power Locks

Keyless Entry No. Remotes: __________

Power Windows Power Seats Power Sunroof

Leather – Color: ____________________

Cloth – Color: _____________________

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□

□

□

□

□

□

□

Engine: ____________________________

Transmission: _______________________

AWD

FWD

RWD 4WD Navigation DVD system

□

□

□

□

□

□

□

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AM/FM Cassette AM/FM CD Player AM/FM CD Changer Manuals Maintenance Records Floor Mats

______________________

______________________

Consignor(s) warrant(s) that he/she (they) has/have possession of the title or that the title is held by the below listed lien holder and that there are no interests, liens, or claims against the vehicle which are not below:

Name of Lien holder:

 

Address:

Phone No.:

 

Account No.:

The Consignor(s) agree(s) that, pending sale, the vehicle’s title shall remain in Consignor(s) name and that theft, fire, comprehensive and liability insurance be and/or must remain in effect during the consignment period.

Agent Name:

 

Phone No.:

Insurance Co.:

 

Address:

Policy No.:

 

Liability Limits:

Effective:

 

Expiration:

The Consignor(s) represents and warrants that to the best of the Consignor(s) knowledge, information and belief, that the vehicle has not been involved in an accident. If the vehicle has been in an accident, the Consignor(s) has provided Consignee with the relevant information.

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□

□

□

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Yes

Yes

Yes

Yes

Yes

□

□

□

□

□

No

Has this vehicle ever been in an accident?

No

Has this vehicle ever been in a flood?

No

Has this vehicle ever had hail damage?

No

Has this vehicle ever had a branded title?

No

Is the vehicle currently unable to pass safety or emissions inspections?

If “Yes” checked above, please provide details:

Indicate whether the vehicle is:

□

□

Yes Yes

□

□

No

AS-IS - NO WARRANTY

No

WARRANTY

Condition of Vehicle:

□ Excellent

□ Average

□ Poor

The vehicle requires the following work:

The delivery of this vehicle is on consignment and is not a sale of the vehicle to the Consignee. The Consignee agrees to receive the vehicle in trust and not to permit its use for any other purposes than what is contained in this agreement without express written consent of the Consignor(s).

Consignor(s) hereby agree(s) to the following commission rates as set forth by the Consignee:

Sale Price of Vehicle

Commission/Costs

Sale Price of Vehicle

Commission/Costs

$0-$_______

$_______

$_______-$_______

$_______

$_______ - $_______

$_______

$_______ and up

___%

Carfax & NADA reports are included in commission cost. Advertising on Autotrader, KBB, CarGurus, TrueCar, Vast, Edmunds &

CarFax Online are included in commission cost. Cars.Com, Craigslist, Ebay and any other specialty ad site are extra on cars under

$_______. Complete detailing, safety inspection, repair work, financing and offered warranty plans are available at an extra cost and are

not included in the commission fee.

Additional Fees If Applicable:

 

$_______

Safety Inspection/Emission

$___ + Sales Tax (cars/lt trucks)

Finance Facilitation Fee:

Labor Rate

$_____/hour, plus parts

Professional Detail

$_______ & Up

Warranty Plans:

$_____ & up

 

 

Upon completion of sale and receipt of a good, negotiable title, the net amount due to the Consignor(s) from the Consignee shall be the gross sale amount less any costs for repairs or detailing previously agreed to by Consignor(s), and commission rate as set forth in this agreement, and further agrees that the Consignee will pay off any existing encumbrances against said vehicle and deduct the same from the net amount due.

If repairs are required before or during the period of consignment, Consignee shall notify the Consignor(s) and shall secure Consignor(s) approval before any work shall commence. All repair costs will be deducted from the Consignor(s) net. If the vehicle is not sold during the specified agreement term, Consignor(s) agree(s) to pay repairs before vehicle is returned to Consignor(s).

In the event the vehicle is sold by someone other than the Consignee during the period of agreement, the Consignor(s) agree(s) to pay the Consignee _____ percent ( ___%) of the price received. In the event a sale is made to a buyer who discussed the vehicle with the

Consignee, then the Consignor(s) agree(s) to pay the Consignee _____ percent ( ___%) of the vehicle’s selling price.

Should the Consignor(s) wish to remove the vehicle from Consignee’s premises, Consignee shall require a minimum of _________ ( __ )

hours’ notice. The vehicle can then be removed between the hours of ______ and ______ pm on weekdays or subject to appointment. All

advertising, detail, repair, inspection, and any other costs incurred while the vehicle was on the Consignor’s premises will be due at the time of removal.

If the vehicle remains unsold and a new agreement is not considered, or if the vehicle has been sold but not removed from Consignee’s premises or if the Consignor(s) or buyer(s) are delinquent in paying fees, Consignee may have the vehicle impounded at the Consignor(s)

or buyer(s) expense without prior notice to the Consignor(s) or buyer(s). Additionally, Consignee may, at any time, demand that the vehicle be removed from Consignee’s premises upon _________ ( __ ) hour notice to Consignor(s).

Consignor(s) hereby promise(s) to defend, indemnify and hold harmless Consignee, its employees agents and assigns from any and all demands, judgments, claims, including reasonable legal and all other expenses actually incurred and paid, incident to any claim whether baseless or well founded by any third party in connection with any automobile taken by Consignee on consignment, including without limitation any claim for taxes by any State of the United States, territory or political subdivision thereof. The indemnification language contained herein shall survive the termination of this agreement,

It is further agreed that the Consignee, its agents or assigns are not responsible for any damage to the vehicle due to fire, accident, theft, vandalism or any cause whatsoever.

Consignor:

 

 

Email:

 

Address:

 

 

Home Phone

 

 

 

 

Work Phone:

 

Signature:

 

 

Date:

 

Consignee on behalf of ________________________:

 

 

 

NOTICE TO CONSIGNOR: Failure of the Consignee to comply with the terms of this agreement may be a violation of stature which could result in criminal or administrative sanctions, or both. If you feel the Consignee has not complied with the terms of this agreement, please contact the Department of Motor Vehicles, Division of Investigations and Occupational Licensing Bureau of Investigations, via the local Department of Motor Vehicles office. The Consignee is the person(s) or dealer who is selling the vehicle(s) on behalf of the Consignor. The Consignor is the person(s) who has given the vehicle to the Consignee to be sold.

Understanding Car Consignment

What is a Car Consignment form?

The Car Consignment form is a legal document that outlines the agreement between a vehicle owner (the Consignor) and a dealer or agent (the Consignee) for the sale of a vehicle. It specifies the terms under which the vehicle will be consigned for sale, including details about the vehicle, the selling price, and the responsibilities of both parties.

What information do I need to provide on the form?

You will need to provide details about the vehicle, including its year, make, model, VIN, license plate number, and odometer reading. Additionally, you must disclose the vehicle's condition, any existing liens, and whether it has been involved in accidents or has other issues. Personal information such as your name, address, and contact details will also be required.

What are the responsibilities of the Consignor?

The Consignor is responsible for delivering the vehicle to the Consignee, ensuring that the title is clear of any liens (unless disclosed), and maintaining insurance on the vehicle during the consignment period. The Consignor must also approve any sale of the vehicle and may be liable for repair costs if the vehicle does not sell within the agreement's timeframe.

How long does the consignment agreement last?

The duration of the consignment agreement is specified within the form. It begins on the date indicated and will terminate on a predetermined date. If the vehicle is not sold by the end of this period, the Consignor may need to enter into a new agreement or retrieve the vehicle.

What happens if the vehicle sells?

If the vehicle sells, the Consignee will pay the Consignor the net amount due, which is the sale price minus any agreed-upon commissions and costs for repairs or detailing. The Consignee is also responsible for paying off any existing liens on the vehicle from the sale proceeds.

Can I remove my vehicle from consignment?

Yes, the Consignor can remove the vehicle from the Consignee's premises. However, a minimum notice period is required, as specified in the agreement. All outstanding costs incurred during the consignment period must be settled at the time of removal.

What if the vehicle does not sell?

If the vehicle does not sell within the specified agreement term, the Consignor may need to pay for any repairs before the vehicle is returned. The Consignor can also choose to enter into a new consignment agreement if desired.

What are the commission rates?

The commission rates are outlined in the form and vary based on the sale price of the vehicle. The Consignor should review these rates carefully, as they determine the amount deducted from the sale proceeds for the Consignee's services.

What should I do if I believe the Consignee has not complied with the agreement?

If you suspect that the Consignee has not adhered to the terms of the consignment agreement, you should contact the Department of Motor Vehicles or the appropriate regulatory body. It is essential to report any violations to ensure compliance and protect your rights.

Dos and Don'ts

When filling out the Car Consignment form, it’s important to approach the process with care. Here’s a list of things you should and shouldn’t do to ensure a smooth experience.

  • Do provide accurate information about the vehicle, including the VIN, make, model, and year.
  • Do disclose any previous accidents or damage the vehicle has sustained.
  • Do ensure that you have the title of the vehicle or know the details of any lien holder.
  • Do review the commission rates and additional fees carefully before signing.
  • Do keep a copy of the completed form for your records.
  • Don’t leave any sections of the form blank; incomplete forms can lead to delays.
  • Don’t forget to provide your contact information, including phone number and email.

By following these guidelines, you can help ensure that the consignment process goes as smoothly as possible. Remember, clear communication and thoroughness are key to a successful transaction.

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