Sell your Collector Car
Consigning with MAG Auctions is simple and easy!
Consign with MAG Auctions whichever way is more convenient for you. We will make the transaction of selling your classic auto as painless and seamless as possible. You can consign your automobile in any upcoming event you see posted on our website.
YOU MUST PROVIDE US WITH THE TITLE AND A CLEAR PICTURE OF THE VIN TAG NUMBER
Please follow our Photography Guide when taking photos for marketing your consignment.
Consignments are first-come first-served and consignment line up is the same. Auction Lot numbers are not reserved without an entry fee guarantee. Even if you are not sure what vehicle you will be entering, you must purchase a lot number early to be assured of a priority position in the chosen auction event.
A consignment spot can be paid for by downloading and submitting a Credit Card Authorization form, by scanning documents and e-mailing, or by calling 1-888-330-0749 to pay with your Visa or Mastercard. All spots are assigned on a grid sheet at the time of purchase so book ASAP. A few special time slots are available at different rates. In the event you plan on requesting a special time slot, contact MAG Auctions ASAP as there are a limited number for each auction event.
Before consigning, to avoid any issues, make sure the vehicle identification number and title match.
Please read the terms and conditions in our consignors registration contract before consigning your automobile as this is just a brief outline. Then just let the experience and knowledge of MAG Auctions do what it does best, sell your classic car.
Selling with a Reserve
Consigning your automobile with a 'Reserve' means you can set a minimum price at which you are willing to sell. Only you and our employees will know the Reserve price. This is a special feature for you and is kept private and confidential. In setting a Reserve, it is important to be realistic about the set price; it is only the minimum you will accept. If the bidding does not reach the Reserve amount, you do not have to sell and no other fees will be charged to you. However, when your car is on the auction block, you will have the option to lower your Reserve price to the last amount bid. Bidders would then know your automobile's Reserve has been lifted and is now going to sell to the highest bidder. This can create a bidding frenzy. Then MAG Auctions' goal is to achieve as much money as possible and the auctioneer will continue to search for more active bidders.
Selling with No Reserve
'No Reserve' allows your car to be sold to the highest bidder regardless of price. With a No Reserve car on the auction block, people will know the car will sell and the highest bidder will own it. This is the best way if you want to sell your car and are willing to take a chance on what the car sells for regardless of price. Although the risk seems greater, the rewards can be greater too as the MAG Auctions team has experienced. As our consignors are realizing more and more, when properly advertised, displayed, and promoted, 'No Reserve' automobiles tend to bring more than market value. Call us if you would like to discuss the benefits of selling without a Reserve.
When your car sells, the event office will send you necessary forms needed to complete the transaction. If your car does not sell,the auction will send back Title within 5 business days. Payment for the sale of your auto will be mailed out promptly on or before the 15th banking day along with a summary of the proceeds.
Buyer will contact Seller within the following week, to make arrengments for pick up/transport of purchased vehicle.