Vehicle Consignment Agreement · consignment with us for one month and is not a sale of vehicle to...

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Vehicle Consignment Agreement Exclusive listing with the exclusive right to sell I or we, the undersigned, hereinafter, called the consignor and Miles Through Time, hereinafter, called the consignee agree as follows; 1. The consignor consigns and delivers possession of the following vehicle to consignee: Year_______ Make_____________ Model______________ Miles________Engine________Trans________ Color_________Plate #_________St__ Vehicle Identification #___________________________________________________ Clear Title Y or N _______ Please list any special instructions regarding this vehicle I.E. starting procedure, driving issues or anything that needs to be explained upon driving or moving this vehicle (includes test drives) ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Please list any known defects, flaws or damage this car has now. Also list any maintenance this vehicle may need ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Please list any information that will enable potential buyers to make a well informed decision on your vehicle I.E. Restoration done, work performed, modifications made, vehicle history, receipts, how long you have owned this vehicle, why selling (opt) etc. *This info will al al al also be used in ad ad ad advertising yo yo yo your vehicle so help us promt ot ot ote yo yo yo your cr ar ar ar! ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________

Transcript of Vehicle Consignment Agreement · consignment with us for one month and is not a sale of vehicle to...

Vehicle Consignment AgreementExclusive listing with the exclusive right to sell

I or we, the undersigned, hereinafter, called the consignor and Miles Through Time, hereinafter, called the consignee agree as follows;1. The consignor consigns and delivers possession of the following vehicle to consignee:

Year_______ Make_____________ Model______________

Miles________Engine________Trans________ Color_________Plate #_________St__

Vehicle Identification #___________________________________________________

Clear Title Y or N _______

Please list any special instructions regarding this vehicle I.E. starting procedure, driving issues or anything that needs to be explained upon driving or moving this vehicle(includes test drives) ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________

Please list any known defects, flaws or damage this car has now. Also list any maintenance this vehicle may need ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________

Please list any information that will enable potential buyers to make a well informed decision on your vehicle I.E. Restoration done, work performed, modifications made, vehicle history, receipts, how long you have owned this vehicle, why selling (opt) etc.*TTTThhhhiiiissss iiiinnnnffffoooo wwwwiiiillllllll alalalalssssoooo bbbbeeee uuuusssseeeedddd iiiinnnn adadadadvvvveeeerrrrttttiiiissssiiiinnnngggg yoyoyoyouuuurrrr vvvveeeehhhhiiiicccclllleeee ssssoooo hhhheeeellllpppp uuuussss pppprrrroooommmmtootototeeee yoyoyoyouuuurrrr ccccraararar!!!!________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________

2. By delivering this vehicle to Miles Through Time (consignee) you are placing it onconsignment with us for one month and is not a sale of vehicle to consignee. Consignorhereby tenders $150 _______, which represents a non-refundable first 3 months fee foradvertising expenses, handling and storage. After 3 months either the consignee or theconsignor can request to have the vehicle picked up.

3. Consignee accepts possession of Consignors vehicle for consignment and will attemptto sell the vehicle at a price no less than $___________. Consignor shall have the finalapproval of any proposed sale of this vehicle. This agreement is effective and valid fromthe date on this agreement. The terms of this agreement are that the dealer shall return thevehicle to consignor or enter into a new agreement at the termination of this consignmentagreement.

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5. All monies received by Consignee shall be the property of the Consignor. Consignee shall be able to collect deposits from buyers toward the purchase of the vehicle. Consignee agrees to pay to the Consignor all proceeds received within 20 days after the date of sale. Consignor agrees that the Consignee may deduct a commission in the amount of ten% (((pp(ppeeeerrrrcccceeennenntttt)))) or $1000 whichever is greater of the final selling price immediately upon sale of the vehicle. In this agreement, a “sale” occurs when the consignee: (A) receives the purchase price of its equivalent or executes a conditional sales contract for the vehicle, or (B) when the purchaser takes delivery of the vehicle, whichever comes first. Within 20 days after the sale, the consignee shall make an accounting to the consignor of all of the following: date of sale, repairs authorized by the consignor (supported by work records), and the total sales price. Upon payment to the monies due the consignor, the consignor agrees to furnish the dealer all documents necessary to transfer the ownership of the vehicle to the purchaser including clear title and any lien release documentation.

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6. If the vehicle remains unsold or if the vehicle has been sold but not removed from Consignee’s premises or if the Consignor or buyer is delinquent in paying storage fees, Consignee may have the vehicle towed and stored elsewhere at Consignor or buyer’s expense without prior notice to the Consignor or buyer. Additionally, Consignee may, at any time, request that the vehicle be removed from Consignee’s premises upon 48 hour notice to Consignor.

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8. Should Consignor wish to remove the vehicle from Consignees premises, we require atleast 1 day notice and then vehicle can be removed during normal business hours.

9. On delivery of the vehicle to Consignee, Consignor shall produce evidence ofownership of the vehicle which may be held by Consignee while the vehicle is inConsignee’s possession. Consignor shall provide adequate documentation and proof ofownership so that the Consignee may complete a sale to the buyer. The consignedvehicle is delivered to the dealer in trust for the exact terms set forth in the agreement.The Consignee agrees to receive this vehicle in trust and not to permit its use for anyother purpose than what is contained in this agreement without the express writtenconsent of the Consignor.

10. The maintenance and repair of the vehicle shall be at the sole expense of theConsignor. If mechanical or maintenance work becomes necessary while the vehicle ison the Consignee’s premises, Consignee will seek permission from Consignor tocomplete the necessary repairs.

11. Consignor hereby promises to defend, indemnify and hold harmless Consignee, itsemployees, agents and affiliates from any and all demands, judgments, claims, includingreasonable legal and all other expenses, actually incurred and paid, incident to any claimwhether baseless or well founded by any third party in connection with any automobiletaken by Consignee on consignment, including without limitation any claim for taxes byany state of the United States, territory or political subdivision thereof. Theindemnification language contained in this agreement shall survive the termination of theagreement.

12. This agreement constitutes the entire agreement between the parties pertaining tothe subject matter contained in it and supersedes any prior and contemporaneousagreements, representations and understandings of the parties. No supplement,modification or amendments of this agreement shall be binding unless it is executed inwriting by each of the parties. No waiver of any of the provisions of this agreement shallbe deemed or shall constitute a waiver of any other provision, whether or not similar, norshall any waiver constitute a continuing waiver. No waiver shall be binding unlessexecuted in writing by the party making the waiver.

13. Vehicle Consignment Condition Agreement

All vehicles consigned by MTT must be free of any issues that would affect the operation of the vehicle including but not limited to: any form of fluid leaks, flat tires, and bad batteries. If any problems occur after the car has been consigned by MTT it is the owner’s responsibility to have the problems fixed. However, MTT can fix most problems in house for a labor rate of $125/Hour plus parts. If owner has MTT fix the problems in house, owner must pay MTT within 10 days of the repair.

Vehicle must arrive detailed bumper to bumper or there will be a minimum of $300.00 detail fee due at signing of agreement.

CCCCOOOONNNNSSSSIIIIGGGGNNNNOOOORRRRName(s)__________________________________________________Date___________

Address_________________________City_____________State_________Zip________

Phone____________________#2 Phone___________________ Other_______________

Driver Lic #__________________State____Email_______________________________

Insurance Company Name_________________________Phone#___________________

Policy #________________________

Consignor(s) Signature____________________________________________________

CCCCOOOONNNNSSSSIIIIGGGGNNNNEEEEEEEEDealer name – Miles Through Time Address – 876 E. Currahee St.

City – Toccoa State - GA Zip – 30577 Phone – 706-886-0721

Consignee Signature___________________________________________Date________