Delaware Code Title 21 Sec. 6306 – Consignment vehicles-contract
Any motor vehicle dealer offering a vehicle for sale on consignment shall have in their possession a consignment contract for the vehicle, executed and signed by the dealer and the consignor. The consignment contract shall include the following:
(1) The complete name and address of the owner(s);
(2) The name, address and dealer identification number of the selling dealer;
(3) A complete description of the vehicle on consignment, including the make, model, year, vehicle identification number and body style;
(4) The beginning and termination dates of the contract;
(5) The percentage or the net amount the owner is to receive, if the vehicle is sold;
(6) A disclosure of all unsatisfied liens on the vehicle and the location of the certificate of title to the vehicle.
Terms Used In Delaware Code Title 21 Sec. 6306
- Contract: A legal written agreement that becomes binding when signed.
- motor vehicle dealer: includes :
- Vehicle: means motor vehicles, trailers, recreational vehicles, recreational trailers, mobile homes, and any other device, in, upon, or by which any person or property is or may be transported or drawn upon a public highway, excepting devices moved by animal power, human power, electric bicycles, off-highway vehicles, special mobile equipment and farm equipment. See Delaware Code Title 21 Sec. 6301
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302
Any dealer offering a vehicle for sale on consignment shall inform any prospective customer that the vehicle is on consignment. Dealer license plates shall not be used to demonstrate a vehicle on consignment. The owners license plate may be used if liability insurance coverage is in effect in the amount prescribed by Delaware law.