Shop helping to sell my bike

[hilfiger]

Hi, need advice on this.

 

I have a bike to sell. A shop offers to help me sell it off. After shop found a buyer and after transfer bike to buyer, shop will issue a cheque to me based on our agreed price.

 

Like to ask if this way of selling off my bike is legal? Any potential complications? Just want to make sure before i do anything. Anyone with such experience can share with me, tks!

[swoosh]

aka consignment

 

Consignment is the act of consigning, which is placing a person or thing in the hand of another, but retaining ownership until the goods are sold or person is transferred.

[hilfiger]

So there's nothing wrong with this practice?

[swoosh]

nothing wrong ..you get to sell the bike at your price and if the bike shop can sell higher then they pocket the difference. They also will get the benefits by providing finance to the next owner. Like any seller, you must do due diligence and be sure that the shop is able to pay you .

Edited July 7, 2011 by swoosh

[hilfiger]

Tks swoosh for yr advice!