My PDF Docs
Homepage → Get Car Consignment Form in PDF
Article Map

The Car Consignment form is a vital document for anyone looking to sell a vehicle through a dealer or third-party agent. This agreement outlines the responsibilities and rights of both the Consignor, who owns the vehicle, and the Consignee, the dealer or agent handling the sale. It begins with the identification of the parties involved and details about the vehicle being consigned, including its make, model, and condition. A crucial aspect of the form is the minimum selling price, which the Consignor must approve before any sale occurs. The agreement also specifies the duration of the consignment period and the terms for returning the vehicle if it remains unsold. Additionally, it includes important warranty statements regarding the vehicle's history, such as whether it has been in an accident or has any existing liens. The form sets out commission rates and additional costs for services like detailing and repairs, ensuring transparency in the financial aspects of the consignment process. Lastly, it emphasizes the need for insurance coverage during the consignment period and outlines the procedures for dispute resolution and liability. Understanding these elements can help both parties navigate the consignment process smoothly.

Dos and Don'ts

When filling out the Car Consignment form, it is essential to follow certain guidelines to ensure accuracy and compliance. Here’s a list of things you should and shouldn’t do:

  • Do provide accurate information about the vehicle's make, model, and VIN.
  • Do specify the minimum selling price clearly.
  • Do disclose any accidents or damages the vehicle has experienced.
  • Do ensure that the title is in your possession or correctly identify the lien holder.
  • Do read the entire agreement before signing to understand your obligations.
  • Don't leave any sections blank; complete all required fields.
  • Don't misrepresent the condition of the vehicle.
  • Don't forget to include your contact information accurately.
  • Don't neglect to review the commission structure and additional fees.
  • Don't sign the form without confirming all details are correct.

Document Attributes

Fact Name Description
Parties Involved The Car Consignment Agreement involves two main parties: the Consignor, who owns the vehicle and wants to sell it, and the Consignee, who is the dealer or agent authorized to sell the vehicle on behalf of the Consignor.
Minimum Selling Price In the agreement, the Consignor sets a minimum selling price for the vehicle. This ensures that the Consignor retains control over the financial outcome of the sale.
Insurance Requirements The Consignor must maintain insurance on the vehicle throughout the consignment period. This includes theft, fire, comprehensive, and liability coverage, ensuring protection against potential damages or losses.
Governing Laws The specific governing laws for car consignment agreements can vary by state. For instance, in California, the Vehicle Code sections 11700-11713 outline the legal framework surrounding vehicle sales and consignment agreements.

Key takeaways

When filling out and using the Car Consignment form, keep these key takeaways in mind:

  • Understand the Roles: The Consignor is the person selling the vehicle, while the Consignee is the dealer or individual handling the sale.
  • Set a Minimum Price: Clearly state the minimum selling price for the vehicle. This ensures you have control over the sale.
  • Review the Agreement Duration: Note the start and end dates of the consignment agreement. This helps manage expectations.
  • Provide Accurate Vehicle Information: Fill in all details about the vehicle, including make, model, VIN, and condition. This information is crucial for potential buyers.
  • Insurance is Essential: Ensure the vehicle is insured during the consignment period. This protects you from potential losses.
  • Commission Rates Matter: Understand the commission structure outlined in the agreement. This affects how much you’ll receive after the sale.
  • Be Aware of Additional Fees: Some services, like detailing or inspections, may incur extra costs. Know what these are ahead of time.
  • Approval on Sales: You have the right to approve any sale before it happens. This gives you control over the final transaction.
  • Indemnification Clause: Be mindful of the indemnification clause. It protects the Consignee from claims related to the vehicle during the consignment.

By keeping these points in mind, you can navigate the Car Consignment process more effectively and ensure a smoother experience.

Other PDF Templates

USCIS Form I-864 - This form is used by sponsors to demonstrate their ability to financially support a family member applying for a visa.

Payroll Advance Agreement - It serves as a formal means for employees to communicate their need for financial support.

A Power of Attorney form in New York is a legal document that allows one person to act on behalf of another in financial or legal matters. This form can grant broad or limited powers, depending on the needs of the individual. For those seeking a template to create this important document, resources like NY Templates can provide useful assistance. Understanding its use is essential for anyone looking to ensure their affairs are managed according to their wishes.

How Can I Get My Pay Stubs - Pay Stubs from ADP can be used as proof of income for renting or buying a home.

Example - 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

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.

Detailed Instructions for Writing Car Consignment

Filling out the Car Consignment form is an important step in the process of selling a vehicle through a consignment dealer. This form captures essential information about the vehicle and the parties involved. Once completed, the form will serve as a binding agreement between the consignor and the consignee, detailing the terms of the consignment.

  1. Begin by writing your name(s) in the space provided for the Consignor(s).
  2. Fill in the name of the Consignee and their address, along with their telephone number and dealer number.
  3. Enter the details of the vehicle, including the Year, Make, Model, VIN#, License Plate #, and Odometer reading.
  4. Indicate the vehicle's Style and Exterior Color.
  5. Check the boxes for the features of the vehicle, such as Air Conditioning, Power Locks, and others as applicable.
  6. Provide information about the Engine and Transmission types.
  7. Fill out the section regarding the vehicle’s condition and any required work.
  8. List the name and contact information of any lien holder, if applicable.
  9. Complete the insurance details, including the Agent Name, Insurance Company, Policy Number, and liability limits.
  10. Answer the questions regarding the vehicle’s history, such as accidents or flood damage.
  11. Indicate whether the vehicle is being sold AS-IS or with a warranty and describe its condition.
  12. Specify the commission rates and any additional fees that may apply.
  13. Sign and date the form as the Consignor.
  14. If applicable, have the Consignee sign on behalf of their dealership.

Documents used along the form

When engaging in a vehicle consignment process, several documents may accompany the Car Consignment form to ensure clarity and compliance. These documents serve various purposes, from establishing ownership to detailing financial arrangements. Below is a list of commonly used forms that may be required.

  • Title Transfer Document: This document is essential for transferring ownership from the Consignor to the new buyer. It includes details about the vehicle and must be signed by the Consignor.
  • Bill of Sale: This legal document outlines the transaction between the Consignor and the buyer. It serves as proof of sale and includes the sale price, vehicle details, and signatures of both parties.
  • Insurance Verification: Proof of insurance coverage is often required during the consignment period. This document confirms that the vehicle is insured against theft, damage, and liability.
  • Vehicle History Report: A report, such as Carfax, provides potential buyers with information about the vehicle's past, including accidents, title issues, and service history. This enhances transparency in the sale process.
  • Inspection Report: A document that details the results of a safety or emissions inspection. This report assures buyers that the vehicle meets necessary regulatory standards.
  • Repair Authorization Form: If repairs are needed during the consignment period, this form allows the Consignee to proceed with the necessary work after obtaining approval from the Consignor.
  • Commission Agreement: This outlines the commission structure agreed upon by the Consignor and Consignee. It specifies the percentage of the sale price that the Consignee will retain as a fee.
  • Lien Release Form: If there is a lien on the vehicle, this document is necessary to release the lienholder's claim. It must be signed by the lienholder to facilitate the sale.
  • Motorcycle Bill of Sale: Essential for the transfer of ownership of a motorcycle, this document includes crucial details and can be accessed at newyorkform.com/free-motorcycle-bill-of-sale-template.
  • Vehicle Condition Disclosure: This form details the condition of the vehicle at the time of consignment, including any known issues or damages. Transparency in this area helps build trust with potential buyers.

Each of these documents plays a crucial role in the consignment process. They ensure that all parties are informed and protected throughout the transaction. Proper documentation can significantly ease the sale and help avoid potential disputes.