We are introducing a new rule about membership and deposits for used car auction. From now on, we will have various membership plans and benefits for our customers to ensure high quality service.
Once you enroll as our member, depending on the number of vehicles you purchased, you’ll be placed in a membership category. Thus, a new member stats as ‘Red’ member, and gradually progresses towards the ‘Premium’ status.
Our cost calculation is straight-forward. Our fees include our commission, auction fee, Japanese domestic transportation charges, and Forwarder fees (customs in Japan) and the fees vary depending on the membership type.
For example, if you are a Premium Member, and succeed in getting a car at JPY 500,000 at the auction,
your total cost would be JPY 500,000 (car cost) + JPY 70,000 (our fees) = JPY 570,000 (FOB price).
To arrive at the CIF price add the freight fee (from Japan to your country’s port) to the FOB price.
*.Please note that you will have to pay 5% commission charges on car costs exceeding JPY 1,000,000. For example, if you are a Premium Member and if you would succeed in getting a car at JPY 2,000,000 at the auction, then you’ll have to pay extra commission of (2,000,000-1,000,000)x5% = JPY 50,000.
Thus, the total price of the car will be 2,000,000 + 70,000 + 50,000 = JPY 2,120,000
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