Consignment
You may be familiar with the idea of consignment. People consign all sorts of items. It is really no different with us, as long as it is on wheels, we will try to get you a consignment deal! We consign Cars, Trucks, SUVs, Motorhomes, Travel Trailers, Cargo Trailers, Motorcycles, Side-by-Side’s, Snowmachines.
Consignment is a process whereby we help you sell your vehicle. We have far more resources and support than most individuals have, and we help people, like you, get your vehicle sold, with very little effort on your part.
So how does this whole process work?
Valuation of Your Vehicle
Bring your vehicle to Payless Car Sales and will conduct an appraisal. Our sales and management staff evaluate your car, based on its history, current market value and any other pertinent information and present you with a current market value assessment.
Marketing Your Vehicle
Most people have a hard time marketing their own vehicle. It takes time, effort, and knowledge. At Payless Car Sales we have a professional customer service team, a safe and well-lit lot, and an attractive website that all help advertise and sell your vehicle.
We take care to professionally photograph and list your car on Craigslist, Cars.com and other popular sites frequented by car buyers. We also offer cleaning and detailing services to get your vehicle showroom-ready before it is photographed and marketed to potential buyers.
We leverage the power of a professional team, a good name, and proven marketing strategies to help clients, like you, match vehicles to potential buyers, taking the weight off of your shoulders.
The Process
For many, the process of actually selling a car, along with all the paperwork involved, can be daunting. This is a huge benefit to consigning with us. We take care of all the paperwork and documentation. We take care of buyer inquiries, test drives and client support, and all the pertinent paperwork, such as bill of sales and DMV paperwork.
This process, when done through consignment, also keeps the parties anonymous, freeing you to do the things you need to do in your busy life, without having to worry.
Even More Value
Many consigners may not think of the fact that this is a huge benefit to sellers, but it really is. Sellers benefit from time saved and professionals working for them, while buyers can benefit from services and products they cannot get in the private market setting. Buyers can get used vehicle financing through our professional services. They can also get extended warranties or service agreements, giving both you and them peace of mind. We can also help transport vehicles, when needed for clients out of our local service area.
These services are something most sellers cannot provide. It ensures the transactions are professional and supports both parties. This can help maximize your sale price, save you time, and keep everyone confident in the process.
Cost to you
Our services are available to you with zero upfront cost. We operate on a straightforward fee structure to facilitate the sale of your vehicle. For vehicles consigned under $30,000, we charge a flat fee of $1,495. For vehicles with a selling price above $30,000, our selling fee is calculated at 5% of the selling price. You determine the desired sale price, and we simply append our fee to that price, proceeding to diligently work on the sale of your vehicle.
Contrary to many other companies that charge a commission of 10-20% to sell your car, we operate differently. If the car doesn't sell, you owe us nothing, thereby ensuring fairness and equality in every transaction.
Please note that the flat fee of $1,495 or the flat percentage of 5% will be charged once the vehicle is sold.
Showroom Placement
In addition to our transparent and straightforward fee structure for the sale of your vehicle, we provide an exclusive opportunity for consignors. You can showcase your vehicle in our esteemed showrooms, either in Anchorage or the Valley, for an all-inclusive fee of $1,999, non-refundable, charged upfront. For the $1,999 we will ensure that your vehicle is parked in our Showroom for a minimum of 90-days.
This service offers your vehicle unparalleled exposure and increases its potential to attract prospective buyers. Our showroom is designed to highlight the unique features and value of each vehicle, providing a platform where your car can shine. While your vehicle is parking in our Showroom, our support staff will ensure that your vehicle is dust, snow and fingerprint free.
Please note that this fee is separate from our SELL FEE and is a premium offering designed to amplify the visibility and appeal of your vehicle. The decision to avail of this service rests entirely with you, as we believe in providing you with options that suit your individual requirements and preferences.
Please understand that we are quite selective on what is parked in our showroom. For instance: all the vehicles that are parked in our showroom are either very high end or 1 model year or newer. All the special requests are up to our management’s discretion on what gets parked inside our Showroom.
All of our fee structure ensures that our fee aligns with the value of the vehicle being sold. While we are always here to offer advice on pricing, we respect that the final decision rests with you. Our commitment is to offer a service that puts your interests first and guarantees your satisfaction.
Consigning Motorsports
All the motorsports being displayed in our Showroom would be a non- refundable upfront charge of $499. Which includes:
- 4-Wheeler’s & Side-by-Sides that are available to be consigned all year long for 4 model years or newer.
- · Motorcycles would be a seasonal consignment from May 1st to September 30th
- · Snowmachines will also fall under our seasonal consignment from October 1st to March 31st
Consigning RVs/Trailers
We offer a seasonal Motorhome, Travel Trailer, Cargo Trailer consignment program. Our recreational consignment program is open from May 1st to September 30th. We ask that if your recreational consignment is not sold by September 30th that you are requested to come and pick it up due to limited space availability and we do not sell recreational vehicles during the offseason. In addition, it is difficult to maintain the recreational vehicles that may require winterization and other general maintenance during the winter.
Frequently Asked Questions:
How long will it take to sell my car?
Most cars sell within 30-45 days.
How much does Payless Car Sales charge to sell my car?
Asking Price Under $30,000
Payless Car Sales charges a flat fee of $1495 on all consignments under $30,000. Most importantly, there are NO upfront or out of pocket costs. Just a flat fee once your car sells with no hidden costs.
Asking Price Over $30,000
Payless Car Sales charges a flat percentage of 5% on all consignments. Again, there are NO upfront or out of pocket costs. Just a flat percentage of 5%, once your car sells with no hidden costs.
Can you help me determine what my car is worth?
Definitely! We do this every day, and our friendly sales staff will take into account all aspects of your vehicle and the current market to help determine the best price to list your car at, what you can expect to sell the car for, and the best way to get the car to market and sell it for as much money and as quickly as possible. We have an online vehicle appraisal tool that compares the market price along with current availability of similar cars. We combine that with our own industry knowledge to help you reach a fair market value for your car. At the end of the day we want to find the right price to move the car that satisfies your desired sale price.
What if I have a bank loan?
No problem at all. We will handle the entire process from pay-off to transferring title for you. Once the car sells, we take care of everything and cut you a check.
Can you accept trade-ins on my car even if it is on consignment?
Yes! We treat every car at Payless Car Sales the same, regardless of if we own it or it is on consignment. Many people like to utilize our trade in program, and your car will get to take advantage of the full benefits of being a car in our inventory.
Can a consignment car be financed by a potential new buyer?
Definitely. In fact, this is one of the number one reasons to list your car on consignment with Payless Car Sales. We offer a wide range of financing options and facilitate the loan process through a number of different local and national financial institutions such as: AlaskaUSA, Denali FCU, Credit Union 1, Northern Skies, True North, Mat Valley FCU, MAC FCU, Ally Financial, USAA, and Navy Federal. Your car has much better chance of selling through a dealer like us than a private buyer for this reason alone.
Why would I pay you to sell my car when I can just sell it on my own in my free time?
First of all, do you really have any free time? We are experts at what we do and have the ability and tools at our disposal to not only sell your car more quickly and for a higher price, but we are here to take the headache out of your hands. We do all the legwork and simply bring you reasonable offers as they come in. Your only job is to say yes or no to those offers and then collect a check at the end. Simple enough!
How long does it take to set up selling my car on Consignment with Payless Car Sales?
Generally, we can have you in and out the door in less than 30 minutes. We can even set up everything digitally (via email or fax) and then have the car picked up at your residence (or wherever you store it) so that you don't have to even lift a finger!
Do you allow test drives?
We screen all potential buyers before taking them on a test drive. Our professional and seasoned sales staff know how to differentiate a serious buyer and a joy rider. Furthermore, all test drives are accompanied with a sales staff and we don’t allow any overnight test drives. In some cases, the potential buyer prefers to get the vehicle professionally inspected and in these cases, we call you for an approval before your vehicle is released to a shop.
What does Payless Car Sales ensure that my car does not get vandalized or damaged?
Our premises have cameras and are routinely monitored during the day. In addition, we have a full-time security team after hours that ensures that all vehicles are protected while we are closed.