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Has anyone ever done this? I've been trying to sell my truck for quite a few months, and received a call from a local dealership last week. They said they had a guy looking for a truck similar to mine and would I consider consigning it. They would safety it and sell it for whatever they want and i would get what I'm asking for and they would keep the rest. Not sure if it's as cut and dry as that? If anyone has ever done this id love to hear your opinion/experience. Thanks

Why not just sell it to somewhere like Marshall Motors, or just sell it to the dealership that approached you? You likely won't get what you want for it, but at least you won't have to safety it, or go through any more hassle of private sale.

From what I understand about cosigning for someone else's purchases, when you cosign for someone you are basically extra assurance that they don't default on payments. If for whatever reason that person defaults then that makes you responsible to pay the cost owed. So in this situation of the person defaults, then you would basically just not get the money for your vehicle, and potentially have to pay the business what is owed to them? I was alway taught consigning for someone is a bad idea, but maybe this isn't the circumstance it could be for a different reason?

Consign, not cosign.

K-S said "From what I understand about cosigning for someone else's purchases, when you cosign for someone you are basically extra assurance that they don't default on payments. If for whatever reason that person defaults then that makes you responsible to pay the cost owed. So in this situation of the person defaults, then you would basically just not get the money for your vehicle, and potentially have to pay the business what is owed to them? I was alway taught consigning for someone is a bad idea, but maybe this isn't the circumstance it could be for a different reason? "

K-S you're thinking of co-signing for a vehicle. The op is asking about consigning- having a third party sell his vehicle for him and still make money off it.

come on k-s you really didn't just say that there are 4 of us here rolling on the floor best laugh we've had in weeks

Some dealers in town will buy your car outright from you of course you will only get a fraction of what it is worth. Marshmallow motors tells you how they will sell your car for but then they start picking your car apart and it will cost them so much to safety it, etc. Better to try and sell it privately. There are lots of websites that let you sell privately for free.

auggy said "come on k-s you really didn't just say that there are 4 of us here rolling on the floor best laugh we've had in weeks "

at least k-s made a mistake but tried to help your comment is totally useless.  
 
I would try Marshall Motors they are usually pretty fair with value and they are very friendly as well! You could also try J&J auto I've heard they are pretty good there but I have no experience with them!

Sorry everyone, definitely misread the post ;)

Are you sure it was a local dealership? When I advertise vehicles on kijiji I usually get calls from various companies like "Once Driven". I would think if a local dealer had a buyer for exactly what you have, it should be a pretty short consignment. If they are sure of their buyer, and promise you what you are asking, I would think they should be willing to buy it from you outright.

Jellybean said "Why not just sell it to somewhere like Marshall Motors, or just sell it to the dealership that approached you? You likely won't get what you want for it, but at least you won't have to safety it, or go through any more hassle of private sale. "

I would also second going with them. We had tried to sell a car privately all got all kinds of calls from so-called "local" dealers, but they were scams. Marshall's is local and they have a good reputation.