My question is about Hagerty Valuation tool. Looking at 350/370Z Nissans and valuation tool says they are on a fairly steady increase in value in the past 7 months. It appears the tool only used 2 vehicle sales both on Mecum to validate their chart. If that is correct should one be careful to make an assumption that these model values have increased that sharply in the real world in the past 7 months? When you go to Ebay and chart the actual sale price of the same model vehicle the numbers are substantially lower.
... View more
Couple of concerns about a consignment dealer; 1.Your title. I would advise keeping your title and car fully insured until they can present you with a cashiers check for your car. Have seen dealers close shop after they sold your car and walked off with your funds and never registered the car for the buyer. Dealers mismanaged their business and got behind on bills and took the money and run. They can declare bankruptcy at any time and you would not be aware they were in trouble. 2. Understand that you will never know what your car sold for. Dealers put incredible markups on these cars so they have plenty of wiggle room. They could sell it for more than you wanted, not tell you and add their 10% commission on top of that. If you just want a bottom line figure that might work out for you. This is done frequently at Boat/RV consignment dealers and same principles can be applied here.
... View more