Just curious, I actually have a car valued at around $20,000 that I want to sell. I posted it on craigslist, and realized that I don't have time to deal with all the crap.
Some dealer called me and left a message saying that they would sell my car for me for $200. Are they lying? Are there other hidden fees? Why should I pay InstaMotor $1000 instead of $200 to this other guy?
One advantage, I see is that I get to keep and drive my car. Except my car is parked in a lot, and I only have 1 keyfob to get it out.
Thanks for the note everett; I'm not sure about this dealer and their process. But we've looked at a couple local consignment lots and didn't find a deal that made sense. For example, a local lot here in Berkeley charges you ~450 per month to hold on to your vehicle. They do very few of the value adds that we do. We do: CarFax, PreSale Mechanic's Inspection (via YourMechanic), Listing the vehicle so it gets serious exposure (our estimates is that we hit roughly 90%+ of all car buyers), we don't need to take your key, even if you only have 1 we can do test drives without you being there, you always have complete access to the car, etc...
Think about it this way, even at $200 per month, the dealer has an incentive to keep you car on his lot as long as possible. With our commission only model, we have an incentive to get your car sold.
True store - one of our recent customers had her car listed at said consignment lot for 2 months with no action. She payed ~$900 for nothing, on top of paying her car payment and insurance. 2 months at well over $1k. She came to us and we had it sold in 3 days (3 days is not typical, but we have incentive to get the cars sold quickly).
It's a matter of having the incentives lined up correctly.
Some dealer called me and left a message saying that they would sell my car for me for $200. Are they lying? Are there other hidden fees? Why should I pay InstaMotor $1000 instead of $200 to this other guy?
One advantage, I see is that I get to keep and drive my car. Except my car is parked in a lot, and I only have 1 keyfob to get it out.