Best Places for Green Tourism — Greentomyr Org
Content Navigation

The Car Consignment form is a crucial document for anyone looking to sell a vehicle through a consignment arrangement. This form outlines the agreement between the vehicle owner, known as the Consignor, and the dealer or individual tasked with selling the vehicle, referred to as the Consignee. Key components of the form include the vehicle's details such as make, model, and VIN, as well as the agreed minimum selling price. The Consignor retains the right to approve any sale, ensuring they have control over the transaction. Additionally, the form specifies the duration of the consignment period, commission rates, and the responsibilities of both parties regarding repairs, insurance, and potential costs incurred during the consignment. It also addresses the handling of the vehicle's title and outlines the indemnification clauses, protecting both the Consignor and Consignee from various liabilities. By understanding these aspects, individuals can navigate the consignment process more effectively and ensure a smoother sale experience.

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: _____________________

□

□

□

□

□

□

□

□

Engine: ____________________________

Transmission: _______________________

AWD

FWD

RWD 4WD Navigation DVD system

□

□

□

□

□

□

□

□

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.

□

□

□

□

□

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.

Click for Car Consignment File

File Breakdown

Fact Name Description
Purpose of Agreement The Used Vehicle Consignment Agreement allows a Consignor to consign their vehicle to a Consignee for sale, ensuring the Consignor retains final approval over any sale.
Commission Structure The Consignor agrees to pay the Consignee a commission based on the sale price of the vehicle, with specific rates outlined in the agreement.
Insurance Requirement During the consignment period, the vehicle must remain insured, with theft, fire, comprehensive, and liability coverage in effect.
Indemnification Clause The Consignor agrees to defend and indemnify the Consignee against any claims related to the vehicle during the consignment period.
Governing Laws This agreement is subject to state-specific laws, including vehicle sales regulations and consumer protection laws, which vary by state.

Guide to Using Car Consignment

Completing the Car Consignment form is an important step in the process of selling your vehicle through a dealer. This form outlines the agreement between you, the vehicle owner (Consignor), and the dealer (Consignee) who will be selling your vehicle. After filling out the form, you will be able to officially consign your vehicle for sale, ensuring that all terms and conditions are clear and agreed upon.

  1. Fill in the Consignor's Information: Write your name(s) in the space provided for the Consignor(s). This is where you identify yourself as the vehicle owner.
  2. Enter the Consignee's Information: Fill in the name, address, and telephone number of the dealer or individual selling your vehicle.
  3. Provide Vehicle Details: Enter the year, make, model, VIN, license plate number, and odometer reading of your vehicle. Be sure to indicate the style and exterior color as well.
  4. Indicate Features: Check the boxes for features your vehicle has, such as air conditioning, power locks, and navigation systems. Fill in any additional details where necessary.
  5. List Title Information: If there is a lien on your vehicle, provide the name, address, phone number, and account number of the lien holder.
  6. Insurance Details: Fill in the agent's name, phone number, insurance company, policy number, liability limits, and effective and expiration dates of your insurance.
  7. Accident History: Answer the questions regarding the vehicle's accident history by checking 'Yes' or 'No' as applicable.
  8. Condition of Vehicle: Select the condition of your vehicle (Excellent, Average, Poor) and note any required work.
  9. Commission Rates: Fill in the commission structure based on the sale price of the vehicle, including any additional fees that may apply.
  10. Sign the Agreement: Provide your signature, email, address, and phone numbers. Ensure that the date is also included.
  11. Consignee's Signature: The Consignee will sign on behalf of their dealership, confirming their agreement to the terms outlined.

Once the form is completed, both you and the Consignee will have a clear understanding of the terms of the consignment. This ensures that the sale process can proceed smoothly and that all parties are aware of their responsibilities and rights regarding the vehicle.

Get Answers on Car Consignment

What is a Car Consignment Form?

A Car Consignment Form is a legal document that allows a vehicle owner, known as the Consignor, to give a dealer or agent, known as the Consignee, the right to sell their vehicle on their behalf. This form outlines the terms of the agreement, including the minimum selling price, commission rates, and responsibilities of both parties.

What information do I need to provide on the form?

You will need to provide several key pieces of information, including:

  • Your name and contact information as the Consignor.
  • The Consignee's name and contact information.
  • Details about the vehicle, such as year, make, model, VIN, license plate number, and odometer reading.
  • Information about the vehicle's condition, including any accidents or damages.
  • Details about any existing liens on the vehicle.

What are the responsibilities of the Consignor?

The Consignor has several important responsibilities, including:

  1. Providing accurate information about the vehicle's condition and history.
  2. Maintaining insurance on the vehicle during the consignment period.
  3. Approving any proposed sale of the vehicle.
  4. Paying for any repairs or detailing needed before the vehicle is returned.

What are the Consignee's obligations?

The Consignee is responsible for:

  • Marketing and advertising the vehicle for sale.
  • Handling the sale process and ensuring proper documentation.
  • Notifying the Consignor about any necessary repairs before proceeding.
  • Paying off any existing liens on the vehicle upon sale.

How is the commission calculated?

The commission is typically based on the sale price of the vehicle. The Car Consignment Form will outline specific commission rates for different price ranges. For example, if the vehicle sells for a certain amount, a percentage of that sale price will be deducted as the commission.

What happens if the vehicle does not sell?

If the vehicle does not sell by the end of the consignment period, the Consignor may have the option to renew the agreement or take back the vehicle. Any repairs or fees incurred during the consignment period will need to be settled before the vehicle is returned.

Can I remove my vehicle from consignment?

Yes, you can remove your vehicle from consignment. However, you must provide advance notice, as specified in the agreement. Additionally, any outstanding fees or costs must be paid at the time of removal.

What if there are damages or issues with the vehicle?

The Consignee is not responsible for any damage to the vehicle while it is in their possession, unless caused by their negligence. It is crucial for the Consignor to maintain insurance coverage during the consignment period to protect against potential issues.

Common mistakes

Filling out a Car Consignment form can seem straightforward, but many people make common mistakes that can lead to complications down the road. Understanding these pitfalls can help ensure a smoother consignment experience.

One frequent error is neglecting to provide complete and accurate vehicle information. This includes details like the VIN, make, model, and year. Omitting or misreporting any of this information can cause confusion later, especially if the vehicle has specific features or conditions that potential buyers need to know about.

Another mistake often made is failing to disclose any accidents or damages. Honesty is crucial in this process. If a vehicle has been in an accident, the Consignor must inform the Consignee. Providing false information can lead to legal issues and damage trust between the parties involved.

Many people overlook the importance of specifying the minimum selling price. This is a critical part of the agreement that protects the Consignor’s interests. Without a clearly defined minimum price, the Consignee may sell the vehicle for less than what the Consignor is willing to accept.

Inadequate communication about insurance can also create problems. The Consignor must ensure that the vehicle is insured during the consignment period. Failure to maintain adequate insurance coverage can result in financial loss if the vehicle is damaged or stolen while in the Consignee's possession.

Some individuals forget to read the terms regarding commissions and fees. Understanding how much the Consignee will take from the sale is essential. Hidden fees can lead to unexpected deductions from the final sale price, which can be frustrating for the Consignor.

Another common oversight is not providing the necessary lien holder information if applicable. If the vehicle has a lien, it’s important to include the lien holder's name and contact details. This ensures that any existing financial obligations are addressed during the sale process.

Lastly, many people fail to keep a copy of the signed agreement. This document serves as a reference for both parties and can help resolve disputes if they arise. Keeping a record of all agreements and communications is always a wise practice in any consignment situation.

By being mindful of these common mistakes, individuals can navigate the Car Consignment process more effectively, ensuring a smoother transaction and a better outcome for all parties involved.

Documents used along the form

When engaging in a vehicle consignment process, several forms and documents may accompany the Car Consignment form. Each of these documents plays a crucial role in ensuring a smooth transaction and protecting the interests of all parties involved. Below is a list of commonly used documents along with brief descriptions of their purposes.

  • Title Transfer Form: This document facilitates the official transfer of ownership from the seller to the buyer once the vehicle is sold. It is essential for registering the vehicle under the new owner's name.
  • Bill of Sale: A bill of sale serves as a receipt for the transaction, detailing the sale price, vehicle information, and the names of both the buyer and seller. It is important for record-keeping and can be used for tax purposes.
  • Vehicle History Report: This report provides potential buyers with important information about the vehicle's past, including accidents, title issues, and service history. It builds trust and transparency in the sale process.
  • Power of Attorney: This document allows the consigner to authorize the consignee to act on their behalf in matters related to the sale of the vehicle. It is particularly useful if the consigner is unable to be present during the transaction.
  • Insurance Verification: Proof of insurance coverage is often required to ensure that the vehicle is protected during the consignment period. This document confirms that appropriate insurance is in place.
  • Inspection Report: An inspection report details the condition of the vehicle, including any repairs needed. This document can help set realistic expectations for potential buyers.
  • Consignment Agreement Addendum: If any changes or additional terms arise during the consignment period, an addendum can be created to modify the original agreement without drafting a new one.
  • Payment Authorization Form: This form authorizes the consignee to deduct agreed-upon fees and commissions from the sale proceeds before disbursing the net amount to the consigner.
  • Tax Documents: Depending on local regulations, certain tax forms may be required to report the sale of the vehicle for tax purposes. This ensures compliance with state and federal tax laws.
  • Release of Liability Form: This document protects the seller from any future claims or liabilities associated with the vehicle after the sale has been completed. It is an important safeguard for the consigner.

Understanding these documents can greatly enhance the consignment experience for both consignors and consignees. Each form serves a specific purpose and contributes to a transparent and efficient transaction process. It is advisable to review all documents carefully and seek assistance if needed to ensure a successful sale.

Similar forms

  • Sales Agreement: Similar to a Car Consignment form, a sales agreement outlines the terms of a sale between a buyer and seller. It specifies the item being sold, the price, and the responsibilities of both parties, ensuring clarity in the transaction.
  • Lease Agreement: Like the Car Consignment form, a lease agreement involves the transfer of possession of a vehicle (or property) for a specified period. It details the terms of use, payment obligations, and responsibilities for maintenance.
  • Power of Attorney: This document grants one party the authority to act on behalf of another. In car consignment, it allows the consignee to sell the vehicle, similar to how a power of attorney allows someone to make decisions regarding another's assets.
  • Bill of Sale: A bill of sale serves as proof of a transaction, similar to the consignment form. It provides details about the vehicle, the sale price, and the parties involved, ensuring both sides have a record of the agreement.
  • Title Transfer Document: This document is essential for changing ownership of a vehicle. It is similar to the consignment form in that it requires the seller’s consent and outlines the conditions under which ownership is transferred.
  • Service Agreement: A service agreement outlines the terms under which services will be provided. Like the consignment form, it specifies obligations, such as maintenance or repairs, that may be required during the consignment period.

Dos and Don'ts

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

  • Do double-check your information. Make sure all details, such as your name, contact information, and vehicle specifics, are accurate.
  • Do disclose any accidents. If your vehicle has been in an accident, provide all relevant information. Transparency is key.
  • Do understand the terms of the agreement. Read through the consignment terms carefully, including commission rates and responsibilities.
  • Do keep a copy of the completed form. This will serve as your record of the agreement and can be helpful in case of disputes.
  • Don't rush through the form. Take your time to ensure everything is filled out correctly.
  • Don't omit important details. Leaving out information, especially about the vehicle's condition, can lead to problems later.
  • Don't forget to sign the form. A signature is necessary for the agreement to be valid.
  • Don't assume the Consignee will handle everything. You are still responsible for understanding the terms and conditions of the consignment.

Misconceptions

Understanding the Car Consignment form is crucial for both consignors and consignees. However, several misconceptions often arise. Here are six common misunderstandings:

  • Misconception 1: The Consignee owns the vehicle.

    • This is false. The Consignee acts as an agent for the Consignor, who retains ownership of the vehicle until it is sold.

  • Misconception 2: The Consignor has no control over the sale price.

    • In reality, the Consignor sets a minimum selling price and must approve any proposed sale.

  • Misconception 3: The vehicle can be used by the Consignee.

    • This is incorrect. The Consignee can only use the vehicle for purposes outlined in the agreement and requires written consent for any other use.

  • Misconception 4: All costs are included in the commission fee.

    • Not all costs are covered. Certain services, such as detailing and repairs, incur additional fees and are not included in the commission.

  • Misconception 5: The Consignee is responsible for the vehicle's insurance.

    • The Consignor must maintain insurance on the vehicle throughout the consignment period.

  • Misconception 6: The Consignee can sell the vehicle without the Consignor's approval.

    • This is misleading. The Consignor has the final say on any sale, ensuring they are informed and in agreement before any transaction occurs.

Key takeaways

When filling out and using the Car Consignment form, it's essential to understand the details involved. Here are some key takeaways:

  • Identify the Parties: Clearly state the names of the Consignor(s) and Consignee. This establishes who is involved in the agreement.
  • Vehicle Details: Provide complete information about the vehicle, including the year, make, model, and VIN. Accurate details help in the selling process.
  • Minimum Selling Price: Specify the minimum selling price for the vehicle. This protects the Consignor’s interests.
  • Agreement Duration: Note the start and end dates of the consignment agreement. This timeframe is crucial for both parties.
  • Commission Structure: Understand the commission rates outlined in the agreement. Different sale price ranges may have varying commission percentages.
  • Insurance Requirements: Maintain theft, fire, and liability insurance on the vehicle throughout the consignment period. This safeguards against unforeseen events.
  • Condition Disclosure: Disclose the vehicle's condition accurately. If the vehicle has been in an accident, provide relevant details.
  • Repair Approvals: The Consignee must obtain approval from the Consignor before any repairs are made during the consignment period.
  • Removal Notice: If the Consignor wishes to remove the vehicle, a minimum notice period must be given to the Consignee.
  • Indemnification Clause: Understand that the Consignor agrees to indemnify the Consignee against any claims related to the consigned vehicle.

By keeping these points in mind, the process of filling out and using the Car Consignment form can be more straightforward and effective.