When the time comes to transfer ownership of your collectible automobile, we can assist in all the details of the transaction. From consignment and advertising to transportation, let our experience and industry relationships guide you to finding the right buyer for the highest market value. By properly preparing and presenting your car, we can minimize the time and effort needed to place it with its new owner. Scott Grundfor Company has been serving the collectible car market for 30 years and as such, has the expertise to facilitate the sale of your car.
Marketing Your Collectible Car
With over three decades in the collectible car market, we have the contacts and experience to ensure that your car gets the proper buyer’s attention. Each time a car is taken under consignment with Scott Grundfor Company, we send an email newsletter to past customers, established collectors and other people of note in the industry letting them know we have a new offering in our showroom. In addition, we will also run traditional print advertisements.
Preparing for Sale
In order to get maximum value out of the sale of your collectible vehicle, it is critical to prepare the car properly. Because of our extensive in-house restoration and repair capabilities, we are well equipped to take care of all your cars preparation needs. Typically, and for minimal expense, the proper professional preparation of the automobile can in many cases result in a 10-30% upswing in the sale price. For example, a recently facilitated Gullwing sale had a private sale asking price of $695,000. The best offer the owner received before bringing the car to us was $625,000. After consigning the car with us, we performed our preparation process for sale (at a cost of less than $5000) and achieved a closing sale price of $740,000 for the car. Professional preparation is imperative.
Increasing Profits through Private Sales
Our goal is always to get maximum profit for those who consign their classic automobile with us. Often times it is best to sell privately in order to avoid large fees from auction houses which can run up to 20% of the sale price.
Automobile Auction Representation
Under certain circumstances if an auction is the best venue for sale, we can advise which auction would be the best option to maximize sale price. Additionally, if we represent you at auction, we can negotiate the normal auction seller’s fee from 10% to 6% because of our established status as a known dealer.
Fees and Commissions
Our standard commission is 10% of the first $100,000 and 5% of the remaining value of a sale. Broker fees are included in the final sale price of the vehicle and are typically paid directly to Scott Grundfor Company by the buyer with the remaining balance paid directly to the seller. View a Consignment Agreement Sample to see our typical contract format.