Document background
The Auto Consignment Agreement is essential for businesses and individuals in South Africa engaging in vehicle consignment sales arrangements. This document is typically used when a vehicle owner wants to sell their vehicle through a professional dealership while retaining ownership until sale. The agreement covers crucial aspects such as vehicle valuation, commission structures, sales authority, and risk management, all within the framework of South African law. It incorporates requirements from the Consumer Protection Act, Second-Hand Goods Act, and other relevant legislation, making it suitable for both new and used vehicle consignments. The document is particularly valuable for high-value vehicles, classic cars, or situations where owners prefer professional handling of the sales process while maintaining ownership control.
