What is a normal consignment fee?

Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Consignment arrangements typically are in effect for a set period of time. After this time, if a sale is not made, the goods are returned to their owner.

How do I get my iaai license?

At IAA, you can register as a licensed business, a public buyer or a guest. Licensed Business Buyer Registration: Buyers that hold the appropriate license for purchasing vehicles in their state may register by completing the online form and then submitting the necessary documents via fax, e-mail or mail.

What does consignment mean when selling a car?

Consigning your car means letting someone else (a consignment company aka a consigner) sell your car for you. You pay them a nominal fee and they handle every aspect of the sale on your behalf. Listing, selling, shipping.

What are the fees for iaai?

Service fee: $59 per unit (includes pull out and loading). Late payment fee: $50 or 2% of the sale price (whichever is greater).

How do car consignment sales work?

You drop off whatever you want to sell at the consignment store, whether it's clothes, a book, or an old teapot, and let the consignment shop do the work. ... Once your item has been sold, you receive a check equal to the sale price of your item, less the fees you pay the store.

Do dealers sell cars on consignment?

Increasingly, consumers are taking advantage of consignment services that are sometimes offered by used car dealers. The dealer takes the vehicle, puts it on their lot and handles the sale, taking a commission when it sells.

Do you need a dealer license for iaai?

With most IAA locations, you can purchase the majority of vehicles sold through that facility as long as you have a dealer, dismantler, salvage, junk, scrapper, rebuilder or related license. Of course, the laws that say which type of license can purchase which type of title, varies by state and sometimes, locality.

How does selling a car on consignment work?

You drop off whatever you want to sell at the consignment store, whether it's clothes, a book, or an old teapot, and let the consignment shop do the work. Once your item has been sold, you receive a check equal to the sale price of your item, less the fees you pay the store.

Can anyone buy from iaai?

As a Public Buyer, you do not need a business license. You will be able to bid at facilities that are open to Public Buyers, on vehicles that can be sold to Public Buyers. ... Bid online at IAAI.com or onsite at an IAA branch. Just make sure to check your branch's Public Buyer requirements.

How do I sell my car on iaai?

Or CALL US NOW toll-free at 1-877-453-5788 Go DIRECT to us and avoid the middleman. Other companies will buy your car from you and then put it in our auction. The price you receive will be HIGHER when you sell your car, truck or SUV directly to us!

Get IAA Consignment Form

E sale of the subject vehicle. 2. Seller shall pay all fees, whether the vehicle sells or not, and agrees to pay any cost of collection (including collection agency fees and/or court costs and attorney’s fees) in the event of Seller’s failure to pay all fees. 3. IAA shall re-run the vehicle for an additional sale fee unless Seller approves the vehicle for sale or informs IAA not to re-run the vehicle and removes the vehicle from IAA’s premises by 2:00 PM on the day after the date of sa.

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