I recently sold a classic car, a 1975 Pontiac Trans Am that was in good shape but needed paint, on consignment at Specialty Sales' Benicia location. The experience went well and I feel that I got a fair price for my car without any snafus. I dealt with Jason Mendoza and would recommend him. He is knowledgeable about classic cars and has expert experience in body work and restoration.
Specialty Sales' Benicia location is one of their four in the Bay Area. They have a large indoor showroom adjacent to Highway 680 near the Lake Herman exit. During business hours they usually have several of the cars out in the parking lot and the vehicles can be seen by motorists on the freeway and by Amtrak riders. I often saw my car parked on a ramp in the lot readily visible from the freeway, and I was told that a number of people pulled off the freeway to check it out.
Their showroom is a great place to visit and check out the cars for sale, even if you are just looking. They welcome "lookie-lous." And the great thing for the seller is that this is not like new car showrooms and used car lots, where you have families piling in and out of the cars. No one touches your car, sits in it, or takes a test drive unless they are a qualified buyer and have put in a bona fide offer.
When I go to sell the family minivan, I can leave it in my home driveway, place an ad on Craigslist, and deal with buyers who want a transportation car for a few thousand dollars cash. Classic cars are different. Owners have tens of thousands of dollars invested in their eye-catching, fun-to-drive toys, and can't leave them unattended or exposed to the weather. I didn't want to have to take my car out of storage every time someone wanted to come see it, and deal with lookers who wanted to take a test drive, talk cars, and then tell me they couldn't come up with the money, or their wife said "no," or whatever. And the fear of "carjacking" is a valid concern too.
Specialty Sales has been in business for years, has four showrooms, may get another one in Sacramento, and the firm appears to be in good shape financially. They are regularly adding new vehicles to their inventory and are getting cars sold too. I, like many other sellers, dread the thought of turning over a car to a consignment dealer and then having them sell the car, keep the money and declare bankruptcy or disappear. Apparently this has happened with one classic car consignment dealer in the Livermore area who either went out of business or is now operating under a new name. At least one person had to seek legal counsel after he did not get a check for his car within the timeframe agreed upon after the car was sold.
Selling on consignment at Specialty Sales is not inexpensive. There is an initial listing fee, a safety inspection fee, a monthly fee, and the commission upon sale. Expect a commission fee of at least a few thousand dollars. However, keep in mind that they have four local showrooms, a website, world-wide buyers, and will take dozens of photos of your car, write up a description, post it on their website and others, deal with all the would-be buyers, handle the paperwork, and can probably get more for your car than you could on your own. After my car sold, I got a check in about 14 days. read more