Auctions in Japan are VERY different to auctions in NZ.
To Join an auction in Japan you must be a member!.
1. This is a difficult, time comsuming and costly exercise.
2. Foreign visitors cannot just walk up and join in!.
3. You must be a local business.
4. You are carefully vetted financially, your personal and business reputation is looked into indepth.
5. Another member must introduce you.
6. the process can take 2 months.
7. There is also some cost in the form of a joining fee and a deposit.
Overview of the standard auction process.
1. Auctions run on a weekly basis (with the exception of two holidays per year).
2. They start between 9 and 10am.
3. They usually finish between 4 and 8pm. Some of the larger ones finish after midnight.
4. They complete uploading of vehicle information to their website by 8pm the evening before the auction.
5. The vehicle information is normally includes 2 photos, an auction sheet, and the start price.
6. The start price gives very little idea of the selling price.
7. Vehicles are displayed in their respective numbered sequence.
8. They cannot be test driven.
9. Auction staff fill out detailed auction sheets?
10. The bidding process is controlled by computer.
11. Members bid using a button (a separate button for each lane).
12. Each bid is normally 3,000 yen (about $50).
13. A vehicle is on offer for an average of often less then 10 seconds.
14. The smaller auctions sell 2 vehicles at a time while the larger ones have 6 lanes selling.
15. While the auctions lanes vary in vehicle type, it is surprising how many times members need to bid on more than one vehicle simultaneously. It is therefore vital that the bidder has an exact maximum bid (there is no time to think or second guess).
16. If a mistake is made requiring cancellation the auction charges a minimum penalty of 70,000 yen ($1,000).
18. The auction sends a statement at the end of trading showing the bid price, tax, and auction fee iteming the cost related to each vehicle.
19. A copy of this will be sent to our customers available to each buyer.
Glossary
What does “FOB” mean?
FOB means “free on board” or all Japanese costs paid.
This includes the vehicle cost plus JAANZ fees and any other Japan costs Km check etc.
1. Vehicle Cost - Auction statement (which includes bid price, auction fee and taxes)
2. JAANZ fee of 80,000 yen
3. Extra costs such as as trucking and or odometer km check etc.
We Are Japanese agents.
The Japanese Vehicle auction system is very different to our system here in New Zealand. One key element which differs between the NZ auction system and that of Japan, is only licensed agents can bid on Japanese used vehicles. Only an agent can purchase a used car from Japanese vehicle auction. Selecting your own agent is the best way to get the LARGEST SAVINGS when importing your vehicle.
For more info on agents visit our "how it works" page.
Benefits
What We Offer That Other Agents In Japan Do Not?
1. We know the NZ market very well.
2.
Deposits are held in New Zealand.
3. We are Kiwis – Not Japanese, Korean, Pakistan etc.
4.
We have been dealing with the New Zealand public for many years. (most agents only ever deal with dealers in bulk deals)
5. We offer more than the FOB business that others offer.
6.
We are prepared to show the customer the auction statement proving what was paid for the vehicle.
Personal Touch.
As your agent, we are there to ensure the best deal possible for you. Our business operates on the cost plus basis, rather than the highest price the market can stand basis. A vehicle dealer ensures they get the best deal for themselves not you. As we are a small family business you will always deal with us directly, no middle men, so we can always answer your questions accurately.
Experience.
We have operated for over 20 years by word of mouth relying on happy customers referring their friends and on repeat business.
That 20 years of experience exporting cars to NZ and 13 years as our own business agents allows us to avoid problem areas that can be costly.
Please read our clients testimonial page
How Much Can we save you?.
Below is an example of how much a vehicle can cost you through us over 3 years, compared to buying one from a dealer.
Buying Your Vehicle |
| |
Retail Price |
FarmsTruck Price |
Saving |
| Vehicle Cost |
$9,500 |
$7,000 |
$2,500 |
| Interest Rate |
14% |
12% |
2% |
Monthly Repayments Over 3 years |
| |
Retail Price |
FarmsTruck Price |
Saving |
| Vehicle Cost |
$9,500 |
$7,000 |
$2,500 |
| Deposit |
$3,000 |
$3,000 |
|
| Finance |
$6,500 |
$4,000 |
|
| Monthly Repayments |
$314.19 |
$190.36 |
$123.83 |
Total Savings From Using FarmsTruck |
| Per Month |
$123.83 |
| Per Year |
$1,485.96 |
| Over 3 years |
$4,334.05 |
