What is "Vehicle Consignment" transaction?

This transaction type tracks vehicles you're selling on behalf of individual owners without purchasing them.

You market and sell the vehicle while it remains the owner's property until sold.

Vehicle consignment is a popular arrangement where vehicle owners don't want to handle the selling process themselves.

Use "Vehicle Consignment from Individual" or "Use "Vehicle Consignment from Company" when you sell a vehicle for a commission or fee.

Create the consignment transaction by entering the owner's details, vehicle information and the agreed selling price. The vehicle appears on your lot and in your digital showroom as available for sale, but financial tracking differs from owned inventory.

The vehicle doesn't count toward your cash invested in stock because you haven't purchased it—the owner retains ownership until sale.

When the vehicle sells, you create a sale transaction, then split the proceeds according to your consignment agreement: the owner receives their portion and you keep your commission or fee.

Consignment documentation includes consignment agreements specifying terms, duration, your commission structure, insurance responsibilities, and what happens if the vehicle doesn't sell within the agreed timeframe.

This arrangement benefits owners who want professional selling services without accepting trade-in values, while allowing you to expand your available inventory without capital investment.

Consignment vehicles can be marked clearly in your marketing so buyers understand the arrangement if needed.