Sell Your Classic Car: Auction House vs. Broker
Auction House vs. Broker: Which Is Right for You?
Pros and Cons of Each Option
When it comes to selling your classic car, you have two main options: auction house or broker.
Auction houses offer the potential for a quick sale and a high price. However, they also come with some risks and can be expensive in case the car does not meet reserve.
Brokers, on the other hand, offer a more personal and hands-on approach. They can help you get a fair price for your car, but the process can be longer.
The best option for you will depend on your individual circumstances and needs.
Commissions
The commissions charged by auction houses and brokers vary widely. Auction houses typically charge a commission of 10-20% of the sale price, while brokers typically charge a flat fee of $1,000-$5,000.
The commissions charged will also vary depending on the type of car you are selling. Classic and collector cars typically command higher commissions than more common vehicles.
Conclusion
Whether you choose to sell your classic car through an auction house or a broker, it is important to do your research and choose a reputable company.
By taking the time to understand the pros and cons of each option, you can make the best decision for your needs and get the most value for your car.
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