Consignment Form For Cars In Phoenix
Description
Form popularity
FAQ
Car consignment is a process where a car owner partners with a dealership or an agent to sell their vehicle on their behalf. Unlike a typical sale where the owner handles all aspects of the transaction, in a consignment sale, the professional dealer manages everything – from marketing to finalizing the deal.
Consignment works well from both sides. As a buyer, car consignment means you can trust that the car you're buying has been vetted by someone who has a vested interest in making you happy.
Dealers typically handle the issue of slow-moving inventory by incentivizing buyers through discounts and deals. They may also try to convert a new car into a lightly used one by making it a “loaner.” As a last resort, they may end up selling the car at auction.
Obtain Your Auto Dealer Bond $100,000 for New Motor Vehicle Dealers, Used Motor Vehicle Dealers, and Public Consignment Auction Dealers. $25,000 for Brokers, Wholesale Auto Auction Dealers, and Wholesale Motor Vehicle Dealers. $20,000 for Automotive Recyclers.
Used cars in Arizona are sold with an implied warranty of merchantability that applies to every used car sale (although a specific defect may not be covered if it is spelled out in writing). This law is found at A.R.S. § 44-1267. The implied warranty lasts fifteen days or 500 miles, whichever comes first.
Per Arizona Revised Statute 28-4301, a person can only sell, offer to sell, exchange, or negotiate up to six vehicles in any 12 continuous months without a used motor vehicle license. The sale of the seventh vehicle qualifies them as an unlicensed automobile dealer subject to criminal prosecution.
6 Steps to Getting an Arizona Dealer License Select a License Category. Secure a Business Location. Register Your Business. Complete a Criminal Background Check. Obtain an Auto Dealer Bond. Apply for Your Arizona Dealer's License.
Per Arizona Revised Statute 28-4301, a person can only sell, offer to sell, exchange, or negotiate up to six vehicles in any 12 continuous months without a used motor vehicle license. The sale of the seventh vehicle qualifies them as an unlicensed automobile dealer subject to criminal prosecution.
