Consignment agreements

32.1.  Section 55 of the Act applies to an agreement between an individual and a business operator in which the operator agrees to sell on consignment a motor vehicle of the individual.
32.2.  Despite subsection 32.1, section 55 of the Act does not apply in respect of a sale of a motor vehicle by public auction:
(a)  by an auction sales business that holds an auction sales business license under the Act, or
(b)  that is referred to in section 120(1) of the Act.

Requirements

33.1.  A consignment agreement must be in writing and be signed by the business operator and the consignor.
33.2.  A consignment agreement must:
(a)  set out the name, business address and business phone number of the business operator;
(b)  set out the name, address and phone number of the consignor;
(c)  set out a complete description of the motor vehicle being consigned, including
(i) its vehicle identification number,
(ii)  the year, make, model number, colour, number of doors and options of the vehicle,
(iii)  the odometer reading of the vehicle, and
(iv)  the history of the vehicle within the consignor’s knowledge, setting out any accident, special uses of the vehicle, such as police or taxi use, whether it was owned by a rental company and any other information that a reasonable buyer would want to be aware of in determining a price for the vehicle;
(d)  describe the consignor’s ownership interest in the motor vehicle and, if the consignor has knowledge that the vehicle is subject to one or more liens, list those liens;
(e)  set out when the agreement ends and what happens to the motor vehicle if it has not been sold when the agreement ends;
(f)  set out the disbursements, fees and commissions that the business operator may charge the consignor for services provided by the operator;
(g)  set out the minimum amount that the consignor will receive from the business operator for the sale of the motor vehicle and whether the consignor will accept another vehicle or other personal property as part of the minimum amount;
(h)  set out who is responsible for insuring the motor vehicle during the term of the agreement;
(i)  set out any repairs or other work on the motor vehicle that the consignor authorizes the business operator to perform and who is responsible for paying for the repairs or other work;
(j)  contain the terms referred to in subsection 33.3.
33.3. The following terms are deemed to be contained in every consignment agreement:
(a)  the business operator agrees not to use the motor vehicle for the operator’s personal use without the written consent of the consignor;
(b)  the business operator agrees to be the trustee of any money, vehicles or other personal property that the operator receives as consideration for the sale of the motor vehicle being consigned less an amount for the operator’s disbursements, fees and commission;
(c)  the business operator agrees to provide to the consignor, within 14 days of the date of sale of the motor vehicle, a copy of the bill of sale that sets out the purchase price for which the motor vehicle was sold if:
(i)  the remuneration of the business operator is based solely on a percentage of the purchase price or a combination of a percentage of the purchase price plus disbursements, or
(ii)  after the consignment agreement is signed, the consignor agrees to receive less from the sale of the motor vehicle than the amount originally agreed to in the consignment agreement.
33.4.  A business operator who enters into a consignment agreement must give a copy of the agreement to the consignor.
33.5.  The provisions in a consignment agreement that deal with the matters referred to in subsection 33.2.(a) to (i) may be amended with the consent of the parties to the agreement.