Exercise. Parenting. Paying the bills.
There are certain things in life you just gotta do yourself.
Fortunately, selling a used trailer doesn’t have to be one of them.
With consignment trailer sales, you can get a great price for your used trailer by letting an expert handle the hard work of selling it.
Sound too good to be true?
Blue Ridge Trailers has two decades of experience finding fair deals and happy buyers for used trailers. If you’re thinking about selling a used trailer on consignment, here’s our guidance on how to do it right.
The Trailer Owner’s Guide to Consignment Trailer Sales
What Is Consignment?
When you sell your trailer on consignment, you let someone else take care of finding a buyer and pay them a commission of the sale.
Typically your seller will be a trailer dealer who has the experience and resources to find a buyer quickly and at a good price.
Benefits of Trailer Consignment
As hinted above, the main benefit of a trailer consignment sale is that an expert takes the hard work off your hands. Your seller markets the trailer, negotiates with potential buyers, and manages the paperwork–you sit back, relax, and wait for the check.
Consignment sales are typically much faster than selling on your own, since many more potential buyers will see your trailer–whether it’s on the dealer’s lot, website, catalogue listings, etc.
You can also rely on the dealer’s expertise when it comes to fair trailer prices. No need to worry about pricing the trailer too high or letting it go for too little. Experienced dealers like Blue Ridge Trailers also have the means to provide financing for the buyer, so you don’t need to wait around for someone who happens to have cash-in-hand.
What’s a Good Trailer Consignment Deal Look Like?
Commission fees for consignment trailer sales are usually a percentage of the sale or a flat rate. For example, Blue Ridge Trailers charges 10% of the selling price.
This is on the low end of typical commission rates, which span roughly 10% to 15%.
For ultimate peace of mind, look for a seller who can handle detailing and shop inspection of your trailer before marketing it. A dealer with a qualified trailer service team will ensure that it’s in its best shape to attract buyers.
Blue Ridge Trailers includes our one-year warranty on all consignment trailers as well, which not only gets trailers off the lot faster, but also means that we take care of any issues if the buyer returns after purchasing.
Consider the consignment contract length as well. You don’t want your trailer sitting on the lot for months on end. As a point of reference, Blue Ridge Trailers writes consignment contracts for three months. The trailer owner can end the agreement at any point with no charge, other than for trailer cleaning or inspection if it’s already taken place.
Be sure to work with a seller who can offer maximum exposure for your trailer, both on their lot and online, whether through their website, online inventories, social media, etc. This will translate to a faster, better deal.
Should You Keep Your Trailer Insurance?
Remember that accidents can strike anywhere. If you terminate your trailer insurance before it’s sold, your seller’s insurance likely won’t extend to you for certain types of damage such as flooding, fallen branches, etc.
Different trailer dealers will have different policies regarding consignment insurance. The most responsible ones will require you to keep some form of insurance in place, so that you’re protected in all circumstances.
Here at Blue Ridge Trailers we require trailer owners to maintain their comprehensive and collision coverage, since our insurance won’t extend to them for weather-related damage.
Selling a used trailer? Take advantage of Blue Ridge Trailers’ marketing expertise, wide network of buyers, and attractive financing and warranty options. Contact us online or at (434) 985-4151.