An increasingly popular way to buy Japanese domestic market (JDM) cars in Japan is through car auctions. Japan is home to more than two hundred car auction houses, and thousands of vehicles are up for grabs every single day. Buyers and inspectors can assess the true value of each vehicle at auction using the auction inspection sheet that is included with each vehicle. Our customers can request that we assess the value of their vehicles and provide bid recommendations at no cost to them. In addition, we provide extra services such as picking up and transporting auction house cars, export procedures, shipping, importing, and front door delivery for customers who are located abroad and have won cars in Japanese car auctions.
On the other hand, you can save money by purchasing a used vehicle that performs well if you manage to strike a good deal. Envision yourself behind the wheel of your ideal vehicle, provided that it is affordable. It is worth every risk, is not it? To put it simply, you need to be careful when importing a car. You can buy a used car with complete peace of mind once you locate a reliable auto export company.
The benefits and drawbacks of Japanese car auctions should be carefully considered by anyone hesitating to purchase a used vehicle.
But if you are already dead set on bringing a used car into your country, here's a low-effort way how to buy from Japanese auto auctions.
The most time-consuming part of exporting a used car from Japan is usually finding the right vehicle.
You should establish clear criteria to narrow down your options as soon as possible because not every vehicle will meet your unique requirements. There are millions of pre-owned vehicles for sale in Japan, so it is easy to get confused.
The majority of auction houses only let professional service providers into their used car auctions. Just in case you are at a loss as to where to begin your search, consider these three crucial factors: purpose, budget, and maintenance costs.
With six people in the household, would a Toyota Passo be a good investment? Will your budget fall short in case you need to make upgrades to the vehicle? Maybe the car is sold at a cheap price, but the maintenance cost is high. Always weigh the pros and cons, so you can make the best buying decision.
Then, create your wish list and look for a model that ticks all the boxes in your list. This way, you can shorten your search and make the importation process easy and hassle-free.
1. Choosing a Bidding Agent
There has already been discussion about how the first thing to do is find a trustworthy auction partner. Here are some things to keep in mind when choosing a partner:
An auction dealer should have up-to-date business records. If you have any doubts, it is best to contact customer service and ask for official documents or other evidence of business. The fact that they may not give them to you in full does not mean you should not ask.
They should be able to give details about each vehicle if the auction is being held in-house since the vehicles up for grabs are from their inventory. As an example, things like the vehicle's grade after an inspection, the engine grade, the extent of cosmetic damage, accident history, etc.
Most auction houses always display comprehensive vehicle information during the bidding process. Auction houses typically exhibit a document when a car is being auctioned. You can access the car's specifications and the inspector's comments on the vehicle in this manner.
They ought to bring the vehicle in for you. Verify that the dealer has the means to transport the vehicle to the agreed-upon location and that the JUMVEA Japan Used Motor Vehicle Export Association's registration is up-to-date.
Helping importers export Japanese cars internationally is JUMVEA's responsibility, even though it is not a regulatory authority. You can rest assured that the auction partner or dealer will be able to ship the vehicle you purchased if they are a member of JUMVEA.
It is anticipated that they will oversee the customs clearance procedure and provide the required paperwork for the vehicle's import into the destination nation. In addition, they need to be well-versed in local deliveries.
2. Selecting a vehicle
There are two ways to acquire a used automobile: at an auction house or online.
It is usual practice for websites to provide comprehensive descriptions and pictures of the automobiles up for auction when people participate in online car auctions. Finding out what kind of car you want to buy is the first thing you should do when you go car shopping. One must also specify a budget for the car they intend to buy.
Most sellers will be happy to give you their expert opinion if you are open to perusing the inventory but still have no idea what you want. An associate or merchant will place a bid with the auction house on your behalf in a blind auction based on the model, price range, and inspection grade that you specify. The main issue with this bidding method is that your chances of winning the car you desire are significantly lower when compared to an internal auction.
Some of these papers are as follows:
Certificate of Export
Bill of Lading
Final Invoice
Inspection certificate (if necessary)
3. Security Deposit
After deciding on a vehicle to purchase, the importer can initiate the auction buying process by sending a Telegraphic Transfer (TT) deposit.
Before the receipt of the deposit, the auctioneer is unable to represent the importer in placing bids on any vehicles. The moment an auction consultant gets payment, they will begin looking for the specified car at auctions.
4. Bidding Price
It is important for a buyer to carefully consider their budget before bidding on a vehicle at an auction. The auctioneer will bid on the vehicle at the buyer-specified minimum acceptable price once the price is set.
Customers can have their dealers place bids on their behalf at auctions by funding their dealer's account before the event.
5. Auction Result
The buyer will receive an invoice from the auctioneer upon winning the sale. The buyer is responsible for transferring the remaining amount to the supplier's bank account in addition to the agent's fees.
Before submitting a bid, buyers can cancel their order at any moment. The customer will get their security deposit back or be able to use it for another car if the offer is rejected.
6. Shipment of Vehicles
After the buyer confirms the full payment, the supplier will send the vehicle and all necessary paperwork to the buyer's port.
Conclusion
The Japanese car auction is the most famous type of auction in the world. A lot of people know and love Japanese cars because of how reliable and high-quality they are. Reliability, aesthetics, and construction are the hallmarks of these automobiles. On top of that, customers can get their hands on the car of their dreams for incredibly low prices.
