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Fill Out a Valid Car Consignment Form

The Car Consignment form is a legal document that establishes an agreement between a vehicle owner, known as the Consignor, and a dealer or individual, referred to as the Consignee, for the purpose of selling a vehicle. This form outlines the terms of the consignment, including the sale price, responsibilities of both parties, and conditions under which the vehicle will be sold. Understanding this form is crucial for ensuring a smooth transaction and protecting your interests.

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Structure

The Car Consignment form is a crucial document for anyone looking to sell their vehicle through a consignment dealership. This agreement establishes a partnership between the vehicle owner, known as the Consignor, and the dealership, referred to as the Consignee. It outlines essential details, such as the vehicle's specifications, including make, model, and VIN, as well as the agreed minimum selling price. The form specifies the duration of the consignment period, during which the Consignor retains ownership of the vehicle and has the final say on any sale. Important terms related to insurance coverage, accident history, and vehicle condition are also addressed, ensuring both parties are protected. The agreement includes a breakdown of commission rates and additional fees for services like detailing and repairs, making it clear what costs will be deducted from the sale proceeds. Furthermore, it highlights the responsibilities of both parties, including the process for vehicle removal and the implications of unsold vehicles. Understanding this form is essential for a smooth consignment experience, safeguarding the interests of both the seller and the dealership.

Common mistakes

Incomplete Personal Information: Failing to provide complete names, addresses, and contact details can lead to confusion and delays. Always double-check that all fields are filled out accurately.
Missing Vehicle Details: Not including essential vehicle information such as the VIN, make, model, and year can create issues in identifying the vehicle. Ensure every detail is recorded correctly.
Neglecting the Minimum Selling Price: Leaving the minimum selling price blank may result in misunderstandings later. Clearly state this amount to avoid disputes.
Ignoring Insurance Requirements: Failing to confirm that insurance is in place during the consignment period can leave you vulnerable. Make sure to provide details about your insurance coverage.
Overlooking Accident History: Not disclosing whether the vehicle has been in an accident can lead to legal issues. Always be honest about the vehicle's history.
Forgetting to Specify Condition: Not indicating the condition of the vehicle can lead to miscommunication. Clearly mark whether it is excellent, average, or poor.
Neglecting to Review Commission Rates: Failing to understand the commission structure can lead to unexpected costs. Review and confirm the commission rates before signing.
Skipping Additional Fees: Not accounting for potential additional fees for inspections or repairs can lead to surprises later. Make sure to list all possible costs.
Not Understanding Removal Procedures: Ignoring the requirements for vehicle removal can cause complications. Familiarize yourself with the notice period and hours for removal.

Preview - Car Consignment Form

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

□

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.

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Documents used along the form

When engaging in a car consignment, several additional documents may be required to ensure a smooth transaction. These documents provide important information and protect the interests of both the consignor and the consignee. Below is a list of commonly used forms and documents that accompany the Car Consignment form.

Title Transfer Form: This document is essential for transferring ownership of the vehicle from the consignor to the buyer once the vehicle is sold. It includes details such as the vehicle identification number (VIN) and the names of both parties.
Bill of Sale: A bill of sale serves as a receipt for the transaction. It outlines the sale price, vehicle details, and the names of the buyer and seller. This document is important for record-keeping and may be required for registration.
Vehicle History Report: Often obtained from services like Carfax, this report provides a detailed history of the vehicle, including previous accidents, title issues, and service records. It helps build trust between the buyer and seller.
Insurance Verification: This document confirms that the vehicle is insured during the consignment period. It includes details about the insurance provider and coverage limits, ensuring that both parties are protected against potential damages.
Maintenance Records: These records document the vehicle's service history, including oil changes and repairs. They can enhance the vehicle's value by demonstrating that it has been well cared for.
Emissions and Safety Inspection Certificates: These certificates prove that the vehicle has passed necessary inspections, ensuring it meets state regulations. Buyers often require these documents before completing a purchase.
Motorcycle Bill of Sale: For those engaged in the sale of motorcycles, it is vital to have a motorcycle bill of sale form. This document serves to confirm the transfer of ownership for motorcycles in Minnesota, detailing all necessary information about the transaction. It can be found at autobillofsaleform.com/motorcycle-bill-of-sale-form/minnesota-motorcycle-bill-of-sale-form.
Consignment Agreement Addendum: If any changes are made to the original consignment agreement, an addendum is used to document those modifications. This keeps all parties informed and maintains clarity throughout the process.
Power of Attorney: In some cases, a consignor may grant power of attorney to the consignee, allowing them to sign documents on the consignor's behalf. This can streamline the sale process.
Financing Agreement: If the buyer is financing the vehicle, this agreement outlines the terms of the loan, including interest rates and payment schedules. It is crucial for both the buyer and seller to understand these terms.
Warranty Documentation: If a warranty is offered on the vehicle, this document details the coverage, duration, and any exclusions. It provides peace of mind to the buyer and can enhance the vehicle's appeal.

Having these documents prepared and organized can facilitate a smoother transaction during the car consignment process. They help protect the interests of both the consignor and consignee, ensuring clarity and compliance with applicable regulations.

Similar forms

The Car Consignment form shares similarities with a Vehicle Sales Agreement. Both documents outline the terms under which a vehicle is sold, specifying the responsibilities of the seller and buyer. A Vehicle Sales Agreement typically includes details such as the purchase price, vehicle description, and any warranties or conditions. Like the Car Consignment form, it requires signatures from both parties to confirm their acceptance of the terms, ensuring a mutual understanding of the transaction.

Another document that resembles the Car Consignment form is the Power of Attorney for Vehicle Transactions. This document grants authority to another party to act on behalf of the vehicle owner, particularly in matters related to the sale or transfer of the vehicle. Similar to the consignment form, it requires specific information about the vehicle and the parties involved. Both documents emphasize the importance of consent and authorization, ensuring that the vehicle owner retains control over the sale process.

In navigating the path of education, parents may find the need to formally notify their local school district of their homeschooling plans, which involves submitting a Homeschool Letter of Intent. This document is essential for ensuring compliance with state regulations and provides a clear declaration of the parents' commitment to guiding their children's education outside the traditional classroom setting.

The Bill of Sale is another document comparable to the Car Consignment form. It serves as a receipt for the transaction, providing proof of the sale and detailing the terms agreed upon by the buyer and seller. While the Car Consignment form focuses on the consignment arrangement, both documents require essential information such as the vehicle's identification and the sale price. They both protect the interests of the parties involved by documenting the transaction.

A Vehicle Lease Agreement also bears similarities to the Car Consignment form. While a lease involves renting a vehicle rather than selling it, both documents outline the terms of use and the responsibilities of each party. They include details such as payment amounts, duration, and conditions for returning the vehicle. In both cases, the parties must agree to the terms, ensuring clarity and preventing disputes during the vehicle's possession.

Lastly, the Vehicle Title Transfer form is akin to the Car Consignment form in that both involve the legal transfer of vehicle ownership. The Title Transfer form is used to officially change ownership from one party to another, requiring specific vehicle details and signatures. While the Car Consignment form maintains the original owner's title during the consignment period, both documents are essential in documenting and formalizing the transfer process, safeguarding the rights of the parties involved.

Dos and Don'ts

When filling out the Car Consignment form, it is essential to approach the task with care and attention to detail. Here is a list of things you should and shouldn't do:

Do ensure that all personal information is accurate and up-to-date.
Do provide a complete description of the vehicle, including the make, model, and VIN.
Do disclose any known issues with the vehicle, such as previous accidents or damage.
Do review the commission rates and fees carefully before signing.
Do keep a copy of the signed agreement for your records.
Don't leave any sections of the form blank; incomplete forms can lead to misunderstandings.
Don't misrepresent the condition of the vehicle; honesty is crucial in this process.
Don't forget to include the minimum selling price you expect for the vehicle.
Don't ignore the insurance requirements; ensure coverage is in place during the consignment period.
Don't rush through the form; take your time to read and understand each section.

Key takeaways

Understanding the Car Consignment Form is essential for a smooth selling process. Here are some key takeaways to keep in mind:

Ensure all vehicle details are accurate. This includes the year, make, model, VIN, and any specific features.
Understand the commission structure. Be aware of any additional fees for advertising or repairs that may apply.
Maintain insurance coverage during the consignment period. The vehicle's title must remain in your name until sold.
Communicate clearly with the Consignee. If you decide to remove the vehicle or if repairs are needed, provide necessary notice and approvals.

How to Use Car Consignment

Once you have the Car Consignment form in hand, it's time to fill it out carefully. Make sure all the information is accurate, as this will help facilitate the consignment process smoothly. Follow these steps to complete the form correctly.

Fill in your name(s): Write the name(s) of the Consignor(s) at the top of the form.
Enter the Consignee's details: Provide the name, address, and telephone number of the dealer or individual who will sell your vehicle.
Specify the vehicle: Fill in the year, make, model, VIN, license plate number, and odometer reading of your vehicle.
Describe the vehicle's features: Check the boxes for options such as air conditioning, power locks, and more. Include details about the engine and transmission.
Provide lien holder information: If applicable, list the name, address, phone number, and account number of the lien holder.
Confirm insurance: Fill in the agent's name, phone number, insurance company, address, policy number, and liability limits.
Disclose accident history: Answer the questions regarding any accidents or damages the vehicle has experienced. Provide details if necessary.
Indicate vehicle condition: Select the appropriate condition of the vehicle and note any required work.
Agree on commission rates: Fill in the commission rates for different sale price ranges.
List additional fees: If applicable, note any additional fees such as safety inspections or detailing costs.
Sign and date: The Consignor(s) must sign and date the form to finalize the agreement.

After completing the form, review it for accuracy. Ensure all necessary sections are filled out before submitting it to the Consignee. This will help avoid any delays in the consignment process.