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  •    Auction System

     

    Buying a vehicle from Japanese 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.
     
     
     
    As for the buyers - the tricky part in these auctions are as below...
    1. The vehicle 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 auction agent fees.
    2. 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  and not buy the auction agent.
    3. 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/-.
    4. 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.
    5. Upon the successful bidding from auction, We will arrange transportation of vehicle from the auction yard 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.
     
    Shipping Terms Explained:
     
    FOB Price FOB Price does not include Shipping freight and Insurance charges
    C & F Price C & F Price Includes the Vehicle Price Shipping freight to the port of your country
    C I F Price C I F Price Include the Vehicle Price Shipping freight Insurance Cost
     
     
     
    The final price of vehicle is calculated based on the following charges...
    1. Vehicle Price The Actual purchase price from the auction. This is the price at which the bidding from auction was successful.
    2. FOB Charges FOB means free on board charges that include our agent fee for purchasing a vehicle from auction, preparation of documents, Local transportation and customs clearance in Japan.
    3. Transport Charges The transport charges are the cost of transportation from the auction house to the sailing port. The auction houses are located at 47 prefectures within Japan whereas shipping ports are normally Yokohama, Nagoya, Osaka Kobe and Chiba ports.
    4. Ocean Freight & Insurance Shipping Freight and Insurance from Japanese port to your country destination port depends on the type of cargo. There are 2 types of cargo.RORO which is called Roll On Roll Off and Containerised Cargo in which 20ft or 40ft containers are used to pack vehicles depending on their size.
    5. Extra Cost Extra cost may be incurred depending on your country regulations for specific Inspection needs such as JAAI, JEVIC , English Translation of Export Certificate or origin of country documentation.
     
     FOB CHARGES
     
    MembershipNo. of Vehicles per MonthFOB Charge
    Platinum Member50 and aboveJPY 70,000
    Gold Member10 to 49JPY 80,000
    Silver Member3 to 9 UnitsJPY 85,000
    Standard Member0-2 UnitsJPY 95,000
     
    The above FOB charges per vehicle without the actual vehicle cost from auction.. This FOB (Free On Board) charges are for the agent's auction fee of purchasing a vehicle from auction and handling cost of your vehicle for shipping. The details are as follows.
     
    1. Purchasing vehicles on your behalf from auction.
    2. Making payment to auctions and getting de-registration of vehicle for shipping.
    3. Arrangement of inland transport from auction house to your nearest sailing port.
    4. Customs clearance in Japan.
    5. Parking fee and Handling fee at sailing port up to 30 days.
    6. Arrangement of shipping documents.
     
     
     
    LUXURY VEHICLES SURCHARGE IS 5%
    (Applicable to Vehicle Cost exceeding JPY 600,000)
     
    Note: Ocean freight is not included in FOB charge.
     
    Luxury Vehicle Surcharge is applicable- In the case of the purchase price of a vehicle being in excess of JPY 600,000., a Luxury Vehicle Surcharge of 5% on vehicle price in excess of JPY 600,000 will apply in addition to the above FOB charge.
     
    For Example-
    If you are a Silver Member and purchase vehicle at JPY 2,000,000 Our FOB Charge will be JPY 75,000 5% of the difference amount which is (JPY 2,000,000 - JPY 600,000)= JPY 85,000 70,000= JPY 155,000
     
    Bidding Cost
    JPY 1,000 per bid Even if the Bid is not successful
     
    Bidding cost of JPY 1000 per bid will be charged whether the bid is successful or not. Every time the buyer bids for the vehicle, the bidding charge if JPY 1,000/- is applicable whether the bid is successful or not. This charges are not part of our fees but it is charged by the auction house to whoever is bidding. This is how auction house makes money even if the bid is successful or not. The risk with auction is if you bid multiple vehicles and if you get successful with more than one bidding than you have to take the delivery of the vehicle or you may loss your deposit. Japan Auction bidding has its own set of rules. It is tricky business indeed!
     
     LOCAL TRANSPORT CHARGES
     
    From Auction Yard To The Japenese Port For Shipping
     
    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. You may again refer to the shipping type of cargo, it will be either RORO or Containerised Cargo.
     
     
     OCEAN FREIGHT & INSURANCE
     
     
     
    EXTRA PARKING FEE
    Our FOB Charge includes parking fee at the port for up to 30 days.
    In case shipment takes more than 30 days, parking fees of JPY 500 per day will be charged.
     
    INSURANCE
    Insurance up to your destination port is Available for 1% ON C&F price (minimum JPY 6,000).
     
     EXTRA COST
     

    Different country have different Import regulation and needs different Inspection agency to certify the vehicles prior to shipment from Japan. JAAI Inspection, JEVIC Inspection, Export Certificate Translation certified by Chamber of Commerce, Certificate of Origin are available for the following charges.

    JAAI InspectionAt KobeJPY 20,000 per vehicle plus other costs required to pass the inspection
    At other portJPY 25,000 per vehicle plus other costs required to pass the inspection
    JEVIC InspectionAt KobeJPY 20,000 per vehicle plus other costs required to pass the inspection
    At other portJPY 25,000 per vehicle plus other costs required to pass the inspection
    Certified Translation of Export CertificateJPY 10,000 per vehicle
    Country of Origin JPY 10,000 per vehicle
    Translation of Auction Sheet JPY 300 per vehicle
    Vehicle Inspection prior to bid JPY 2,000 per vehicle

     

     Security Deposit

    Deposit an initial security amount which is usually USD 1,000 or JPY 100,000 to bid for a vehicle worth less than 1 million. We need to hold this amount before we bid on any of the cars. If the bid does not get successful, security deposit is fully refundable or adjustable in the customer's account based on customer's request.

    Please contact us to for more information if you want to use this service.

    Contact :

    Head Office

    LUCUS JAPAN Co.
    2557 Kanaokacho, Kitaku
    Sakai City Osaka Japan
    Tel : 81-722-50-5006
    Fax : 81-722-50-5007
    E-mail:contact@lucusjapan.com



     


    Support 2016/11/08