Selling boats on consignment

Just be careful . Not mentioning no details on who is dealer . Someone called x . Got a call from a boat dealer saying I have buyer for your boat . But he only wants to pay x amount. Cut a long story short he seen his boat at ramp and said not being rude boat is great . What did you pay for it . Well sums didn’t add up ( fair bit of money) I will mention amount $8000 more than what he was apparently offered on phone by dealer. Both went to dealer and confronted him with. Not mentioning what they got out of it . Pretty sad in my books , I would have gone different angle .( legal action) How many people has he done it to . Will he do it again ? . No name and shame that sucks big time. Not all yards are like this piece of crap , guy is a smoker . If you sell boat by consignment anywhere ask for buyers details . Double check . Boating is a small world getting caught this way very sad .


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consignment

Thu, 2020-02-13 21:40

i sold a boat on consignment once and when i put it in the yard i got told what i could expect to get for it

and i was happy with that, what they sold it for i don`t know but i got what i was happy with. if he wasn`t

happy with the amount offered he should have said no. the yards are in it to make what ever money they can.

 

little johnny's picture

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You obviously never got point

Thu, 2020-02-13 21:58

It’s about what someone apparently offered dealer .But dealer lied . To who owned boat. Really pretty simple.If you where happy with your price well done. Really I give in

little johnny's picture

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So in simple terms

Thu, 2020-02-13 22:29

. Example only (got cash buyer for you 50 gran ) really 58 gran was offered ( example).so on the 50 gran you still pay your selling fee ( consignment fee) where’s the 8 gran . Fuck I would be over moon . Happy as Pig in shit .

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Yeah that’s definitely not

Fri, 2020-02-14 04:36

Yeah that’s definitely not right. So the dealers can just say they sold it for whatever price and pocket the difference 

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The guy who bought the boat

Fri, 2020-02-14 04:38

The guy who bought the boat might not be telling the truth though wanting to embellish the price a little  

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 Tell me it's a commodore 670

Fri, 2020-02-14 06:46

 Tell me it's a commodore 670 with a Honda.....

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Darren253's picture

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Hahaha

Fri, 2020-02-14 06:58

 

ranmar850's picture

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Hahaha^^^^

Fri, 2020-02-14 06:59

 But that is what a consignment deal is. You say what you want from the deal, if the dealer thinks he can make money over that, he'll do it. Now, if he actually lied to you, saying that the buyer will only accept amount $X, and then sells it for a lot more---well, poor practice, but not necessarily illegal. Selling something on consignment must always come with a premium--the dealer is doing all your work for you with regards to talking to buyers. tyre kickers, etc. You just paid him to do all that by accepting a lower price. 

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Community Service

Fri, 2020-02-14 07:08

Yep just assume boat yards/car yards will always try it on. I suppose they are not conducting a community service. He tries to sell the boat for as much as he can whilst beating the guy selling on consignment down as much as he can. He's in it to make a quid. I thought that's how consignment works. I would think all yards are the same.  My eyes opened to this years ago when I saw a guy sell his car on consignment. Went something like this. The seller wanted $15k. The yard got $17k and then beat the seller down another couple of k to make a bigger profit. Probably legal. Probably not ethical.

Bit like real estate agents. How do you know they are lying? They open their mouths!!

Go in with you eyes open. Have a figure in mind. If you get it, accept it and move on. 

D_d_001's picture

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 Interesting that if a boat

Fri, 2020-02-14 09:28

 Interesting that if a boat yard does it ...you are OK with it.  

Real Estate Agents would and could NEVER Do this because its unethical and illegal.  And you have something against Real Estate Agents?  Strange logic.

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Money doesn't buy happiness but it pays for my fishing so ...I may be wrong there.

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Date Joined: 10/12/07

Real Estate

Fri, 2020-02-14 10:06

Not sure I said real estate people do this...just said you know when they are lying when they open their mouths. I can see how real estate agents could take offence to that though. But in my experience real estate agents are full of shite and will say anything to get a deal across the line. 

Also not sure I said I am ok with the practice described  occuring in boat and car yards...but rather it is actually what happens...in my experience. Yards are in it to make a quid so assume so and go in with your eyes wide open. Don't asume they are you best mate trying to maximise the dollars in your pocket...but rather the maximise dollars in their pockets.

 

 

 

D_d_001's picture

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 I guess when you said

Fri, 2020-02-14 12:38

 I guess when you said "accept it and move on" it seemed you were OK with the practice.

Would wonder how people would feel if they put their house with a RE agent for 500K and they came back with a deal for 500K minus their commission.  signed that then found out the RE agent actually sold it fo $600K and pocketed the difference of $100K plust thier commission.    

 

 

 EDIT: of course again that would and could never happen but I think people would be up in arms if it did.  

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Mike17's picture

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Goes Both Ways

Fri, 2020-02-14 09:28

 I bought our boat on consignment at a yard south of Perth and we got a very good deal as the buyer. 

I'm sure the seller got stiched up in that deal.

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 Use The Force

Scotte's picture

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 Bit like real estate agents,

Fri, 2020-02-14 09:42

 Bit like real estate agents, sometimes (crap ones)they tell the property is worth less than what it really is so they can get a quick sale. 

Bloody salespeople 

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HMMM...CONCERNING CONSIDERING

Fri, 2020-02-14 11:15

HMMM...CONCERNING CONSIDERING I AM ABOUT TO TRY AND SELL MINE ON CONSIGNMENT....

ANY GOOD ONES PEOPLPE CAN RECCOMEND?

The Saint's picture

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Sea goat,I have sent you a PM

Mon, 2020-02-17 12:22

Sea goat,

I have sent you a PM

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Had a Baron on consignment

Fri, 2020-02-14 11:49

Had a Baron on consignment about 20 years ago and had zero interest for weeks on what i considered a very fair price. I decided to take a drive to the dealer to enquire and discovered that the dealer had put a price on it that from memory was around 50% higher than what we had agreed on. I was very annoyed and told them i would be taking the boat home with me and sell it privatley. Was then told by the dealer that i could not take the boat as we had signed a contract for a certain period of time. 

After an argument with me suggesting he move some boats out of the way to access mine or I would move the boats, he reluctantly agreed. 

Different scenario to the above, however believe my boat (and probably others) were so over priced to make the dealers own boats look more attractive to potential customers. 

Boat salesmen, car salesmen, real estate etc, good and bad in them all i think.

little johnny's picture

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Guy who bought boat

Fri, 2020-02-14 22:29

Went down ( to yard ) with guy who had boat on consignment. New owner happy with buy . But wasn’t happy with owner getting ripped off.(no Honda on it) . Good on new owner for doing that . I would have gone to town on it . Both got compensated for it ,???? I wonder why. To me total shit act . Guy is a total toss’ . My whole point on matter if you have to sell boat . And dealer offers you an amount , prior to accepting ask for potential buyers number . Nothing wrong with that. If they don’t ( mmmm) This post was just to let people know what can happen ,and probably he will do again . Not all dealers the same . This one very special

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Yeah ok so maybe he’s learnt

Sat, 2020-02-15 06:05

Yeah ok so maybe he’s learnt his lesson and knows what’s at stake. Otherwise people need to know who this guy is to protect fellow fishwreckers from getting ripped  

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Estate agents

Sat, 2020-02-15 11:28

 Selling a house in Two Rocks in early 2000, got 4 quotes fron agents, 2 were around $130-$140 grand, one for $160 and the last, who I chose , for $185 grand.  Questioned why the difference and got the answer that market was flat from the bottom  two. 

House sold for $180 grand in 10 days and I made a point of letting the bottom dwellers know my feeling for their practices

 

Also bought a 25foot Star from Boat City in Charles Street that was on consignment, after much bargaining got the price reduced by $3 grand and still think the dealer made a good profit on the deal

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 Can absolutely guarantee

Mon, 2020-02-17 10:06

 Can absolutely guarantee that anyone in real estate would be prosecuted if they tried that. They are regulated and you simply cannot do that. They can and some do however lowball appraisals to get an easy sale. My advice is get to know what your property is worth before you get them involved.

still trying's picture

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 I'm not a big fan of real

Mon, 2020-02-17 10:19

 I'm not a big fan of real estate agents either the last one my misses used sold her unit twice it caused a real issue then turned around and said that my misses better get a lawyer. 

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 rather be fishing

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Date Joined: 08/09/16

I work in the industry but

Mon, 2020-02-17 11:19

I work in the industry but not as an agent. Like anything there are good ones and bad ones. Real estate just happens to have more bad ones than most! And when you're dealing with a person's largest asset (as a rule) it is serious stuff.

Just do a shitload of research so you know who has a decent reputation and what the property is roughly worth.

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 Same goes for selling a boat

Mon, 2020-02-17 11:20

 Same goes for selling a boat on consignment I guess.