Jump to content
Complete France Forum

used car dealers' policies


expatgirl

Recommended Posts

I'm looking to sell my car, and was told that a typical practice is for the used car dealer to take it on a 3-month consignment. Is this common? There's no guarantee it will sell (though a minimum price is agreed upon), and if it doesn't, I will have lost 3 months of both the use of my car and the opportunity to sell it otherwise, with the dealer not assuming any risk that I can detect. Are there alternatives?
Link to comment
Share on other sites

Apart from relinquishing use of the car for that period of time with no guarantee it'll be sold, there are other important risks involved.

If you give your car to a dealer to sell on a sale or return commision basis, then anyone who buys it from that dealer gets full title to that car under what's called a mercantile agreement.  If the dealer then goes bust before remitting the sale funds to you, then you have lost the car and you are just an unsecured creditor with little prospect of recovering your money.

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...