Best Used Cars to Buy

If you’ve been planning to get yourself a new car, then you might want to head on out to any government car auctions in your area. This is a great way for you to see pre-owned vehicles of nearly all classes offered to the public at a budget-friendly price despite being in top running condition. In fact, some of these vehicles have only been used for a few months that they could pass on as brand new.

The government regularly hosts government car auctions at different venues from all over the country to liquidate money from unused vehicles. The sources of these vehicles are from individuals who failed to pay their taxes or use these vehicles for serious crimes, which is why they are seized. Meanwhile, lending or financial institutions repossess some of these vehicles from their owners for failure to make timely payments for their loans. A few others of these vehicles are from the government themselves, which are disposed off as new vehicle units arrive.

In addition to making profit out of the sold vehicles, lending agencies partake in government car auctions to get rid of the vehicles they have repossessed from customers. Thus, a lot of people flock these auctions in an effort to secure great deals, but it is important to study the right bidding approach to use. There is a lot of homework to be done before you can consider yourself ready to join the auction.

The most basic step you can take is to specify what type of vehicle you wish to bid for. From there, you can gather more information, such as market value and mileage, about your chosen vehicle to help you out when screening through your options. There are several online auction directories that will provide you with the information you need to make your research process a lot easier and efficient. You will be pleased with the results of your research once you are driving home your new vehicle – cheap yet high performing.

Government auctions also have a typical preview period, which is done a few days or weeks before the actual auction is staged. The main purpose for this is to give consumers a chance to sneak a peek into the vehicles that will be in showcased on the venue. You can therefore use this as an opportunity to assess which vehicles you could possibly bid on at these government car auctions. The preview period is therefore a great opportunity that you must learn how to take advantage of.

When you go to the actual venue on the day of the auction, your objective is to gather further information to finalize your decision on which car to buy or bid on. Do not forget to ask specific questions about a particular vehicle you contemplate on buying at the auction. However, you need to exercise caution too and take the time to examine the vehicle yourself.

You have the ability to secure great deals that lets you enjoy major savings at government car auctions. You cannot go in there expecting that your choice of car will be handed over to you. Remember: there are multiple other interested buyers with the same goal as you, so you need to think ahead of them. If you did enough research and preparation beforehand, then you could easily snag your ideal car for an attainable price tag.

Obtain useful recommendations in the sphere of 0 interest car finance – please make sure to read the web page. The times have come when proper information is truly at your fingertips, use this possibility.

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For direct importing used or new car be informed through this article.
Me personal experience about importing cars from Japan, and links to other sites have been added for your own convenience.

Import / Export Overview

Note, This is just an example of what you might expect &there may be variations in this import process.
My first import was a Toyota MR2 G-Ltd. and these are the steps and processes that I went through.

Surf the internet to find an exporter of used cars from Japan.
Decide about the requirement of used Japanese car you want.
Contact the exporter and offer to purchase the car from Japan. If it is fairly newer model under 5-years of age then maybe you have to ask the exporter to search from local Japan used car auctions.
A Pro-Forma Invoice will be issued by the Exporter, usually by fax or email.
After Signing return the Pro-Forma Invoice – you have agreed to purchase the car!
Send payment for the car to the Exporter by Telegraphic Transfer via through your bank. If you have paid some deposit then ask for deduction and pay the balance amount.
Exporter will book the vehicle onto a ship from Japan and clear the car for shipping – known as FOB.
After the ship has sailed from Japan the Exporter will send all documents in original needed for import to you by express courier.
Arrange a Shipping Agent who will handle the arrival of the car and enable clearance through customs.
Pay the shipping fee (if you haven’t paid in Japan) which is calculated on the cubic meterage of the vehicle.
Pay the Import Duty and VAT.
Pay the Customs Duty.
Pay the Shipping Agent for their Services.
The car is released from Customs and available for collection.
Register the car and pay the registration fee.
For UK-Prepare the car for the SVA Test or MOT test. (i.e Change Speedometer to Miles Per Hour, Fit Rear Fog Lights etc.).
SVA test and/or MOT the car.
Tax and Insure the car for use on the road.
Drive and enjoy your imported Car!

Fears of mistakes?
Not wanting to worry you, but clearly, there is a potential for mishaps and disappointments along the line.

A way to avoid this is to do your research thoroughly and choose an experienced and established Japanese Car Exporter, and Shipping Agent who are trustworthy and able to do their job.

How can you know? I hear you ask…… Well, do the research! Japanese Car Auctions Trade Associations: When you visit their web-site see which trade associations they belong to. Then visit the trade association’s home page and see if they are listed. Caveat Emptor, of course – don’t be quick to trust, make sure. .

Testimonials and References: You might also like to check their testimonials and references page. You are considering spending a lot of money with them, why not ask them for a reference or testimonial that you can check. Being able to get feedback from someone who has already used the company and had a positive experience will be a big plus in helping you to make a buying decision. Any legitimate Japanese company ought to be able to provide you with a previous happy customer (or more than one) that you can contact and ask what the experience was like. Testimonials can be pretty useless otherwise, unless there is the opportunity to check them out yourself.

Pay for your Japanese Car by Paypal/ Credit Card: You might also want to consider paying for your car online, which should give you some protection, (Check with your credit card company). The downside to this is that you will limit the available Japanese exporters you can use and also the few that do accept online card payments..

Budget
Most important…

You must budget carefully. It is easy to get carried away with the prices of used Japanese Cars that are quoted FOB in Japan – they will look extremely cheap compared to the similar Japanese Car model available in the UK or Australia Or NZ..

When you have paid for your Japanese Car import FOB (Free on Board) you have paid for the car in Japan. It also includes the cost of clearing it through Japanese Customs and onto the ship. It does not include the cost of shipping the car..

You may also have costs involved in collecting the car from the port, car registration costs and the insurance to use the car on a public road is almost certain to be high.

Clearly, this will all add a substantial amount to the cost of the cheap import car you have seen advertised in Japan.

Typical Costs
To help, I’ve worked out what I think the typical costs might be for a Japanese import car that costs approx. 500,000 Yen FOB in Japan (Roughly £2,500) and another that costs approx. 100,000 Yen FOB in Japan (Roughly £500) – Note: These are imaginary cars and imaginary figures – they are presented here for information and as a guide only. Want to view our disclaimer?

Example 1 – Vehicle Under 10 years old
Purchase Price in Japan 500,000 Yen FOB

£2,500 Purchase of the car FOB in Japan
£ 700 Shipping Cost
£ 320 Import Duty 10% of above two (FOB Purchase Price plus Shipping Cost)
£ 616 VAT 17.5% of above three (FOB Purchase Price plus Shipping Cost plus Import Duty)
£ 200 Shipping Agent Fee
£ 50 Customs
£ 38 Car Registration Fee
£ 300 SVA Preparation
£ 180 SVA Test
£ 30 UK Number Plates
£ 40 MOT Test
======
£4,974 Grand Total
======

Example 2 – Vehicle Over 10 years old
Purchase Price in Japan 100,000 Yen FOB

£ 500 Purchase of the car FOB in Japan
£ 700 Shipping Cost
£ 120 Import Duty 10% of above two (FOB Purchase Price plus Shipping Cost)
£ 231 VAT 17.5% of above three (FOB Purchase Price plus Shipping Cost plus Import Duty)
£ 200 Shipping Agent Fee
£ 50 Customs
£ 38 Car Registration Fee
£ 200 MOT Preparation
£ 30 UK Number Plates
£ 40 MOT Test
======
£2,109 Grand Total
======

As you can see from these imaginary examples, the costs for Import Duty and VAT vary with cost of the car.
These might vary at the time of import please check with your custom agent.
Before import a car please calculate car freight from japan

Read vital tips about the topic of 0 car finance – please make sure to read this webpage. The times have come when proper info is really only one click away, use this chance.

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