Jrtaylor9

Does anyone have any experience with consigning cars with a Porsche dealer (or other dealer for that matter)? i've heard 5-7%, some have min and max, some don't. the car to be sold is going to be a fairly big ticket (not 918 expensive, but very expensive for a 997 gt car). so, the total payout to a dealer would be huge on a straight % deal. and, i'm not sure it takes any more time/effort to consign a 40k vs a 400k car.

any experience/knowledge that can be shared would be appreciated.

misterwaterfall

No experience on numbers but I absolutely think that selling a $400k car takes more effort than a $40k car. The level of detail, pictures, PPI and time spent with prospective buyers go up across the board. I know personally if I am spending that amount on a vehicle I expect a very detailed and in depth process rather than spending 40k and expecting someone who knows how to tie their shoes.

audipwr1

I negotiated for a minimum cleared amount for myself when selling my GT3 with the consignment shop taking all funds above that level

Jrtaylor9

I'm proposing something similar.

switchcars

Mind if I weigh in as somebody on the other side of the desk?

This is a fine arrangement, IF the customer has reasonable expectations. Most of the time when this deal is proposed, a client will come to us and say 'please sell my $250k car for $275k, but you can keep as much as you want on top of that!'

Hence why we try to either buy a car outright or work on a percentage basis.
It's not unreasonable to get a small concession on the fee for a larger $$ car; I will do this for my good clients, but it does indeed take more effort to sell a higher dollar car, just in the sense of knowing how to properly market it, and/or having the right client base to purchase that car.

audipwr1

Consigner should get more than fire sale but less than running a sale process themselves, value for time / hassle of selling

In my case that cost me about 3k which I was fine with

Jrtaylor9

3k on a 400k+ car I would grab with both hands and run!

Jrtaylor9

I can understand your point on a seller asking for an unreasonable price; that doesn't help either side. On the "harder to move a higher dollar car": There are some very high dollar cars that are in high demand and short supply that are 10x easier to move than a car that is plentiful and fraction of the price. And I think you get even fewer tire kickers on a half mil $ car than a 50k driver. But I get your points. I've never consigned before. I just wanted to hear some experience to help cut a deal that was fair for both sides.

911-AL

Anyone know what Sloan charges? Just curious.

audipwr1

My GT3 sadly was a 100k and not 400k car Not many 400k cars in 997 gt3 world

audipwr1

And now that I have thought about it for a minute, there are about 5 guys in the US who would pay that kinda money for a 997 GT car and two of them are on the board all the time.

You have a sub 1k mile 4.0 or GT2RS I suspect?

Jrtaylor9

400k was a hypothetical in my original example of 40k vs 400k. My car may or may not be at that top end of range but it's not 40 for sure. My hypothetical example was an attempt to illustrate two extremes to understand if consignments behave as straight % or get adjusted based on price tag of car.

misterwaterfall

How about the other direction IE I am looking for a car and want help finding one? Is that a straight finders fee type deal?

audipwr1

I've been on both sides of that as well. I sold 2 ( RS and GT3) at 2.5k fees and bought one with a 1k finders (rare e46 M3 I was specifically hunting)

I shoulda just kept that RS, was $110k for a 5k 2011 2 years ago. Bad decision