Consign: To give over to
(According to Webster's Dictionary)
If you've decided you want
to sell your motorcycle, you may want consider the benefits of consigning it to
sell. If you run an ad in the paper, or one of the numerous "Trader" type
magazines, you will personally have to field every call, answer the same types
of questions over and over, have strangers come to your home or workplace, and
negotiate your selling price. Some people find this "invigorating", most
find it very uncomfortable. You do have an option.
Consign your bike to us and we'll handle all of that, and more, for you. Valley
V-Twin is a California DMV licensed Dealer.
Beware! There is
an ongoing scam going around - check
www.snopes.com and enter "cashiers
check" in the search box. The scam is that someone will offer you your
asking price on your bike - they'll give you a cashiers check for more than
the amount and ask you to "refund" them the difference. Guess what? The
check is bogus, and you are out the money you refunded them...along with
your bike. Be careful!!
How does consignment
with Valley V-Twin work?
A seller contracts
with us to consign their motorcycle. Photos are taken and a complete description of
the vehicle is posted on our website:
www.valleyvtwin.com Advertising is also done in Best Buys Magazine, on the radio (currently on KPLM and
The Heat), and in the local newspaper, "The Desert Sun"
as well as mydesert.com. Buyers come in or
contact us to view the vehicle. No road tests are ever allowed due to insurance
requirements. We do all the negotiating with the buyer based on the
seller's limits. When a price has been agreed upon, we handle all the DMV
paperwork for both seller and buyer.
We then pay the seller the purchase
price, less fees/commission.
How much is your commission and what other fees do you charge?
currently charges a 7.5% commission on the selling price or a flat fee of $600
for bikes that sell for $8,000 or less. There is an Administrative fee of $300
payable upon signing up. When the consigned vehicle
is sold within the initial contractual period,
$200.00 will be returned to the Consignee.
The Administrative fee covers:
Showroom Prep on bike and continued maintenance until bike is sold or
Placement on our website
Multi-point safety inspection
Guaranteed placement on
Showroom Floor for the length of the contract
Other fees that
are DMV seller's fees (i.e.
non-current or missing registration, lost title, lost sticker, un-cleared
citations, etc), seller
approved repairs, special "flooring" arrangements.
How long is the
The length of the contract
can be negotiated, however the standard is 90 days. With a fair price and
advertising, most motorcycles will sell sooner than that.
How many bikes are in your Showroom?
Valley V-Twin can "floor" up to 18
motorcycles at any one time and floor space is on a "first come, first served
What if you
don't have room for my bike in the Showroom?
If at any time we can not
accommodate your bike in our Showroom, we will add your name to the stand by
list and you will be contacted as soon as space is available. We may also post
it at our discretion on the "bikes on the waiting list" page.
V-Twin advertise my vehicle?
Every effort is made to provide maximum
buyer exposure on every vehicle we consign.
We can't guarantee that your vehicle will sell, but we can guarantee that
we will make every effort to make that happen.
What information do you need when I consign?
When you consign your vehicle to us, you
will be asked about the history of the bike. Certain things, by law, must be disclosed to a buyer such as whether the vehicle
is a salvage, previously a rental or law enforcement vehicle, lemon law vehicle,
flood/fire/frame damaged vehicle. Having a written service history is not
required, but is suggested, as it is proof that your vehicle has been well
We will need to know the price you want
your bike listed at and the lowest price you will accept. If the bike is
currently financed, we will need the lien holder's name and phone number.
We will need to see and verify title/registration and insurance on the vehicle.
What if I decide to lower the asking price?
Simply fax/mail/bring us a signed letter
requesting that we lower the price. If we receive this request via fax or
mail, we will call you to verify the change prior to making the change.
What happens when I bring my bike in?
* We will inspect the
vehicle as a buyer would - from front tire to brake light and everything in
Although test rides are not allowed by potential buyers, the
vehicle will be taken for a test ride to verify its condition and
All Valley V-Twin test riders
have valid California Drivers' licenses with M1 endorsements and are insured.
* We will make
suggestions that may improve the salability of the vehicle
* We can suggest an
asking price, but you will have the final decision.
* You will
fill out and sign the Consignment Agreement, provide a copy of the bike's
registration and your insurance card.
* Photos will be taken
and posted on our website along with a description of the bike.
* We will perform a
Multi-Point Safety Inspection on your vehicle - if any
problems are discovered during the inspection, we will notify you.
We make every effort to get your bike
posted on the website within one week of listing with us
when my bike sells?
When your bike is purchased, we do all
the paperwork necessary to transfer ownership to the buyer. When the sale is
completed, we will let you know so you can cancel your insurance. You will
receive the proceeds from the sale, less our commission and any repairs or
fines, within 20 days of the completed sale (per DMV regulations). Most people
receive their check within 10 days...the exception usually occur when a payoff
is made to a lienholder. We have to wait until the lienholder sends us the
cleared title in order to complete the sale with the DMV.
Click to see what your bike is worth
(not including add-ons)
This page was updated on 06/02/10