Navigating the world of RV consignment fees can be a daunting task for many sellers. Understanding the typical fees associated with consigning your RV is essential for making informed decisions and ensuring a smooth selling process. In this article, we'll break down the common fees you can expect when consigning your RV.
1. Consignment Commission:
One of the primary fees associated with RV consignment is the consignment commission. This fee is typically a percentage of the final sale price of your RV and is paid to the consignment company for their services. The commission percentage can vary depending on factors such as the type of RV, its condition, and the market demand. On average, RV consignment fees range from 8% to 15% of the sale price.
2. Inspection and Appraisal Fee:
Before consigning your RV, most consignment companies will conduct a thorough inspection and appraisal of your vehicle to assess its condition and determine its market value. This service often incurs a fee, which can range from $100 to $300, depending on the complexity of the inspection and the size of the RV.
3. Marketing and Advertising Costs:
To attract potential buyers, consignment companies invest in marketing and advertising efforts to promote your RV. These costs may include online listings, print advertisements, and other promotional materials. While some consignment companies include marketing and advertising costs in their commission fee, others may charge an additional fee for these services, typically ranging from $100 to $500.
4. Storage Fees:
If your RV remains unsold for an extended period, you may be subject to storage fees, especially if the consignment company provides storage facilities. Storage fees vary depending on the size of the RV and the duration of storage, ranging from $50 to $200 per month.
5. Administrative Fees:
Some consignment companies charge administrative fees to cover the cost of paperwork, title transfer, and other administrative tasks associated with the sale of your RV. These fees are typically nominal, ranging from $50 to $200.
6. Additional Services:
Depending on your specific needs and preferences, you may opt for additional services offered by the consignment company, such as detailing, repairs, or warranty coverage. These services come at an extra cost, which varies depending on the nature and extent of the service requested.
It's essential to carefully review the fee structure of any consignment agreement before signing to ensure transparency and avoid unexpected expenses. While consignment fees can add up, many sellers find that the convenience and expertise provided by consignment companies justify the cost. Alternatively, RV sellers can opt for RV Management USA's rental management program that allows owners to make passive rental income with their RVs! What is great about the rental management program is that owners get the best of both worlds: they can make monthly income with their RV and also expose it to many potential buyers as renters often want to try an RV before they buy it. At RV Management USA, we will store your RV for you, clean it, maintain it, and rent it out on your behalf so that you make regular income. RV Management will take care of your RV and make sure that you earn steady income while also advertising your RV for sale with potential renters. Since this article is about RV consignment fees, it's important to know that if someone is interested in purchasing your RV, RV Management USA will take a 10% consignment commission. So if you're looking to sell your RV but want to also make money on it while you wait for a buyer, then fill out the form below and learn more about RV Management USA's rental consignment program today!
