What is Car Aution? How it works? How to join? Payment system

Deposit required
Once we agreed the conditions of car and maximum bidding price are agreed by both parties, we will issue a proforma invoice.
We will require you to pay 20% of the estimate C&F price as a deposit.
We must be very careful for bidding in auction, because once we buy car from auction, we can not cancel and we have to pay the full amount of money to auction house. No cancellation is allowed. If we don’t pay the money to auction house, we will get a penalty and will not be allowed to join auction. Those are the reasons why we ask you to pay 20% of deposit before a bid.
The balance must be paid before we arrange a shipment to your destination country.
Those are the reasons why we ask you to pay 20% of deposit before bid.

C&F price includes followings.
a) Winning price of the bid
b) Auction fee (purchase commission to auction house)
c) Transportation to port (depend on the location of Auction house and car type)
d) Custom clearance
e) Ocean freight
f) Our Commission
g) Internal tax(5%)

a)Winning price of the bid
Final price of the bid you won

b)Auction fee (purchase commission to auction house)
Auction house charges us JPY10,000.- per car.
This will be charged only when you win.

c)Transportation to port
Auction houses locate everywhere in Japan.
The price depends on the size of the car and distance from auction house to port.
You can include in your maximum bidding price.

d)Custom clearance
Custom in Japan will charge JPY15,000.- per car.

e)Ocean freight
Depends on the port, size of the car and exchange currency, the price is different.
We can accept both Ro-ro line and container.
We will inform you the ocean freight.

f)Our Commission
We take commission per successful bidding.
We provide a smooth service to deliver your car.
Example___ If the final price of the car is less than JPY500,000
our commission is JPY60,000.-
PURCHASE PRICE (JPY) OUR COMMISSION (JPY)
0~500,000. 60,000.
500,000~100,000. 70,000.
1,000,000~1,500,000. 80,000.
1,500,000~2,000,000. 90,000.
MORE THAN 2,000,000. 100,000.

g)Internal tax(5%)
Our government imposes 5% of any purchase.

*Marine insurance
If you require the marine insurance to your car, you we have to pay an extra fee as 0.4% of C&F price, however minimum price we have to insure is JPY3,000.- .

Purchase Cancellation
Basically No cancellation is accepted in any case.
If you have a serious reason to cancel the purchase, please let us know.

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