Deposit for Used Car Auction

For those who wish to bid for used cars from auction, please note that you need a deposit at least  100,000 Yen for every car you wish to bid for. This is to protect our interest, in case you would not buy the car after we buy the car from auction for you.

We will honestly tell you about the start price at the auction and maximum price at which similar cars were sold at the previous auctions. You have to use your judgement and arrive at your bid price; also keeping in mind your budget. If you are lucky, you can bid for a price lower than average market price and you can still buy the car at that price if nobody bids higher than you and the seller is willing to sell at that price.

Today we experienced a problem.  One buyer from Cyprus sent a deposit of 100,000 yen via T/T. He also called me to confirm the bank transfer and expressed his interest in buying a car from the auto auction. I was happy that we had a new customer. But several hours later, another man called claiming the same name and he said he wanted us to return his money immediately.

Of course we would return the money if the customer wants it, but in this case we noticed there was something strange. If I send back the money, and if the real customer surfaces later, that would be a problem. My real customer would lose money by my mistake. So this time I decided to keep his deposit for 2 months unless he buys the car from us. Some developing countries have many regulations about sending money by T.T. and I have to be very careful if such requests arise asking for returning the money deposit.

Please do not worry. We always keep our customer’s money safe, and normally we return their money immediately if they desire. We just charge the bank transfer charges to the customer. We have different bank accounts for customer’s deposit.

One more notice. I got a deposit from Mr.Richard from Aucland NZ on 19th May. But so far he hasn’t contacted to me. Mr.Richard please contact us !!We are waiting for your contact.

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