Payment Steps: Details

We adopt the following phase basis payment to ensure the security of the delivery.

Deposit

Deposit of 10% of estimated value of your target car (minimum €1,000).
We can accept Bank Draft and Direct Bank Transfer to our account.
This deposit is refundable before a car is purchased at the auction on your behalf.
Once the car is reserved after the successful bidding, the deposit cannot be refunded. Our Japanese agent needs to pay related fees and penalties using your deposit.

First Payment

Once the bidding ends successfully, we will require you to pay, within 3 working days, the net sum of the value of the car, Japanese agent's FOB and bidding handling charge, inland transportation fee, documentation fee, ocean freight and marine insurance.

Second Payment

3 weeks before the arrival of the vessel, we will require you to pay the net sum of import duties, VAT, port and custom handling charges plus our fee.
Our fee is fixed and neat and calculated in the following way.


Total sum of the 1st to 3rd Payment                  Our Fee
Up to €10,000                                                       10%
Up to €15,000                                                       8%
Up to €25,000                                                       6%
Up to €35,000                                                       5%
Up to €45,000                                                       4.5%
Up to €55,000                                                       4%

Final Payment

We will send you the final invoice covering VRT and net delivery fee, minus your deposit.
We require you to pay this promptly.


Price Calculation Example

Toyota Yaris 2004, 15,000 miles, Manual transmission: Average Irish market price: €13,000

In Japan
Auction Purchase Price                                                       €4,000 (JPY600,000)
Japanese agent's FOB and bidding handling charge,            €675 (JPY100,000)
inland transportation fee, documentation fee
Ocean freight and marine insurance                                     €639 (JPY97,400)

In Ireland
Import Duty*                                          €470
VAT**                                                     €1,080
Port and custom handling charges         €75
Our fee                                                   €694
VRT                                                         €2925
Delivery fee                                            €150

Total                                                      €10,708 --You save €2292--

Note)
*:10% of the invoice price and freight and insurance
**:21% of the invoice price and freight and insurance and import duty
Exchange rate used for this calculation: €1= JPY148


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