For over a decade ORC has successfully sold cars ‘On Consignment’ for owners who place their car with us on a ‘sale or return’ ‘no sale – no fee’ basis, for an agreed ‘exclusive’ fixed term, typically 3-6 months. Once a target sale price is agreed ORC have exclusive period to market the car and the company earns a commission, or fee, on a successful sale. These fees are based on an industry-standard commission structure.
- Up to £300,000 we charge 10% with a minimum fee of £10,000
- From £300,000 – £700,000 we charge 7.5%
- From £700,00 to £1,000,000 the fee is 5%
- Over £1,000,000 2.5%
(UK VAT of 20% applies on our fees for UK and European clients.)
Alternatively, owners can opt for a ‘Net Return’ agreement where the seller and ORC agree upon a fixed figure to be returned to the seller, and the company can retain any excess amount as its remuneration.
Our Consignment Agreement covers these fee options and also confirms that the vehicle is fully insured while in our possession and will not be released to the buyer until the seller is in receipt of cleared funds into their account.
Please refer to the Testimonials from Buyers as well as Sellers, some of whom have achieved world record prices for their cars.