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Topic: MOT consignment fee (Read 1114 times) previous topic - next topic

MOT consignment fee

Does anyone know what MOT charges to sell your coach on consignment?

Re: MOT consignment fee

Reply #1 –
 I seem to remember it said that they chg $3500 minimum, but could be wrong  as I was once many years ago ^.^d ^.^d
JohnH

Re: MOT consignment fee

Reply #2 –
Quote from: ostendorff –
Does anyone know what MOT charges to sell your coach on consignment?
Call MOT and ask. They sold our 1997 SOB coach on consignment about four years ago. We were very satisfied with the transaction.

Re: MOT consignment fee

Reply #3 –
John, A year ago the min consignment fee at MOT was $3500, keyboard got you didn't it ?
Gary B

Re: MOT consignment fee

Reply #4 –
They sold my coach for me but I think every transaction is different.  Depends on the market and their supply chain.  They do I think like to make at least $4000 on the deal.  Not sure what the current rate is.  Good luck.  They do move a lot of coaches plus FOT told me they only wanted late year coaches to sell.  Mot is the place to sell Foretravels as they have a big following.

Re: MOT consignment fee

Reply #5 –
I think no one can know what a sale fee is because every deal is different. They know that some coaches will sell quickly and others take time. The more they have to do to get ready may make a difference also.  Just have to make your own deal, but they are the best place to sell your coach.
They sold one for me and the best thing was it was quick and it was sold and I was not a two coach owner for long. All sales are different.  DAN

Re: MOT consignment fee

Reply #6 –
Generally 10%, or 6% if you are buying a replacement coach from them , with a minimum fee (last quoted at $3,500)

Re: MOT consignment fee

Reply #7 –
FWIW The widow of a friend of mine told me that MOT wanted $5,000 to sell her 1994 U280 earlier this year.

Re: MOT consignment fee

Reply #8 –
Quote from: Tim Fiedler –
Generally 10%, or 6% if you are buying a replacement coach from them , with a minimum fee (last quoted at $3,500)

I'm sure some will think that's too high, but I think it's reasonable. If I were operating that type of business, I suspect I'd need to charge about that amount to cover my costs and make a reasonable profit.

Re: MOT consignment fee

Reply #9 –
combined with the fact that MOT or FT will command a higher sale price, the NET cost to use one of them is less, plus no scammers, etc.

Only starts to be an issue on coaches with valuations below $25,000, as a percent of value

Re: MOT consignment fee

Reply #11 –
Some coaches sit and some are hot.  Call and see which one you have. 

Re: MOT consignment fee

Reply #12 –
Exactly.  Remember I sales managed a factory store from 86-89. 

Did not consigne any coaches.  Traded in yes. 

But Foretravel had enough cash flow to buy trades then.  My limit without asking was nominally $75 in the 80's but I went to $135k a few times without asking.  Floyd at Nac  liked my results. Left me alone. 

He got paid on the profits.  Another guy got paid on units.  Gave a few coaches away to help the other one literally.  Versus cost. 

Re: MOT consignment fee

Reply #13 –
Thanks for all of the responses. 

Re: MOT consignment fee

Reply #14 –
MOT agreement says 10% but there is a minimum;; uncertain what that is.  Spoke with Tyle at FOT the other day and he stated also 10% with a minimum of $10,000 whichever is greater.  Motorhome specialists get 6%, don't know their minimum but most likely will have one as I'm sure the 3 cos. are aware of their arrangements with consignment customers.
 

Re: MOT consignment fee

Reply #15 –
Quote from: Fiddler –
Motorhome specialists get 6%, don't know their minimum but most likely will have one as I'm sure the 3 cos. are aware of their arrangements with consignment customers.

Motorhome Specialist sold our SOB on consignment in July 2014. The minimum commission was $3,000 plus a $500 listing fee. I might add that the SOB sold in three days.