Does Selling Cars on Consignment Make Sense?

ferrari_250_gt

Ferrari 250 GT Berlinetta: candidate for consignment

Bear with me on this analogy for a moment, gear heads. If you have a wife or girlfriend, this won’t be too difficult to comprehend.

When your significant other wants to get rid of some of her high-end clothes, what does she do? She won’t just give them away. She won’t typically put them on Craigslist and can’t trade them in for new clothes. If your girl is anything like mine, she’ll most likely take the big-money items to a consignment shop.

So why, guys and gals, when it’s time to sell a car, do we just list them on a classified site or trade them in? Could car consignment work?

There are a growing number of such businesses across the U.S., but a word of caution is in order before you go down that path.

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