It’s a fact that buying a vehicle from Japanese car auction system is very tricky business. We advise all our buyers/clients to become fully accustomed to the Auction process and rules before you think of bidding from japan auto auction. Our role as the Japan auction agent is to educate the buyer of the complexity involved in buying the used vehicles from the Japanese auto auction houses. The below image gives you an idea of Japan Auto Auctions hold in all 47 different prefectures (provinces) all over Japan.
The car may appear cheaper in auction house located at Hokkiado but transporting it to Kobe port from where it may be easy to ship to your destination port could cost a lot of money. If you see the local transport cost at the below table it shows the costing at JPY 41,000/- which is about USD 500/- and presuming your cost of vehicle is USD 1,000/- than just the local transport cost is about 50% of the cost of the vehicle. Don’t forget there are other costing such as shipping and container loading and auction agent fees. One can also click http://www.nzalpine.org.nz/a-look-at-japanese-used-vehicles.html.
For every auction bid, whether the bid is successful or not, there is auction participation fee of YPY 1,000/- so presuming that your bid was too low than also you will end up paying the auction fee of JPY 1,000/- and not getting anything out of it. Now imagine if you had multiple unsuccessful bids? Your cost keeps going up in the end. This auction participation fees are charged by auction house and not buy the auction agent. You also can not RISK to do multiple bidding because if you are buying only one vehicle and if 2 of your bids are successful, you are now stuck with 2 vehicles instead of your need of just one. The penalty involved in not taking delivery of the successful bid is about USD 500/-.
The buyer need’s to pay balance amount within 4 working days, starting from the day of the auction, after bid was successful. If the final amount has not been paid within 4 days, your deposit will not be refunded even though your bid has been successful. So unless the buyer is ready with all his payment, he should not jump on to bidding from auction. We as auto auction agent only take a small fee to co-ordinate the logistic involved in facilitating from bidding in to auction to shipping the cargo. We are not financing the vehicles for the buyer.
Upon the successful bidding from auction, we will arrange transportation of vehicle from the auction house to the nearest shipping port and notify to you. There will be free storage of 30 days at the shipping port and we will arrange with the shipping line for earliest vessel sailing to your destination port/country. In case shipment takes more than 30 days, parking fees of JPY 500 per day will be charged. One can always check http://www.coyotes.co.nz/whether-japan-car-imports-are-reliable-or-not.html out for more information.