Consign: To give
over to another's care
(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
- 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!!
FAQ's
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 on Facebook.
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?
Valley V-Twin 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 due 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
contract has ended.
-
Document Preparation
-
Placement on our website
(www.valleyvtwin.com)
-
Multi-point safety inspection
Other fees that
may apply 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 contract?
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 basis".
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.
Will Valley
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 maintained.
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 and your account number with
them. We will need to see and verify
title/registration and insurance on the vehicle.
The person(s) whose name(s) are on the title
must both sign the consignment agreement unless
titled 'or' (ie John or Mary Smith, not John and
Mary Smith).
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
between.
For Motorcycle
Consignments Only:
Although test rides are not allowed by potential
buyers, the vehicle will be taken for a test
ride to verify its condition and
road-worthiness.
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 (repairs/maintenance).
*
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
What
happens 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)
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