Hi Terra
Big day at the Japanese auction house today!
7 Easy Steps to Bidding on an Auction House Vehicle
When your ideal vehicle becomes available, it's an exhilarating feeling. There are several steps we must take in order to successfully inspect, bid, purchase, and import your vehicle. If this if your first time bidding on an auction vehicle please pay very close attention to these steps.
Step 1: Create and Account in our Support System
To keep our inquires organizes we require you to Register your Account
Step 2: Submit a ticket to "Place an Auction Bid"
Login into our Support System then choose the option to Submit a ticket
There will be multiple options available, choose the department "Place an Auction Bid".
- Please include any specific questions you may have for the inspector about this vehicle and they will be answered to the best of their ability.
- To determine your Maximum bid, enter the amount in Canadian dollars that you would pay to have this vehicle imported to your city, including taxes for your province and in-Canada shipping to a major city in your province.Your maximum bid is the Total Landed Cost you want to pay for this vehicle. We will work *backwards* from your "all included" Canadian budget to determine how much you can afford to bid in Yen on the vehicle.
- We require your contact information to reach you where ever you may be in the evening.
- Please specify a detailed Subject in the ticket. For example: "Bid: Mazda RX-7 - Thursday Auction"
Step 3: Place your deposit
You must have your $1000 auction deposit in place before you can bid on a vehicle. You can wait until we reply to your ticket and ask you to place the deposit or you can place it immediately after submiting your Auction Bid ticket. Again, timing is critical with auction vehicles so the sooner your deposit is placed the sooner we can approve your bid and request an inspection. We cannot bid on a vehicle until you have a deposit in place, no exceptions.
Click here for more information on Placing your Deposit.
Your auction deposit is transferable to any vehicle you want to bid on until you purchase or ask for it to be returned.
Step 4: Wait for the results
When we place a request for an auction vehicles inspection we cannot guarantee an inspection on your auction vehicle will be possible. There are many contributing factors that can affect the availability of an inspection, from the timing and location of the auctions, the number of vehicles to be inspected by that inspector and the schedule of those vehicles, to traffic delays reaching the auction house. We have a success rate of 80-90% when arranging inspections for requests submitted within the given timeframes.
Step 5: The Results are in!
This is the point where we find out the true condition of the vehicle of interest. Auction grading is good for sorting through the masses, but with thousands of vehicles graded, there are bound to be discrepancies. Placing a blind bid on any car no matter what the grade is a recipe for disaster which is why we will not bid on a vehicle if we can't have an agent view the vehicle in person.
Our agent will give us a full overview of the condition of the vehicle. Please note, this inspection is limited to a visual basis due to the regulations of the auction houses. Details of the auction inspection can be found here.
Once the results are in, we'll contact you by phone and discuss placing a bid on the vehicle. At this point your maximum bid can be adjusted acording to the condition of the vehicle or you can choose to PASS on a car if it doesn't meet your needs.
Step 6: Authorizing your Bid
If the results of the inspection are to your satisfaction, we will place a bid on your behalf and you are one step closer to the purchase of your ideal imported vehicle.
Step 7: Success!
Your bid is sufficient to purchase your vehicle. We will email you a purchase agreement the following day and you will have 4 days to make the initial purchase payment.
or
If your bid was unsuccessful, or the vehicle was not up to your standards, we will continue the search until we find another suitable candidate. Your auction deposit is transferable to any vehicle you want to bid on until you purchase or ask for it to be returned.
If you have any questions, don't hesitate to let us know.
Terra2 Imports Inc.
909 Kalamalka Lake Rd.,
Vernon BC, V1T 6V4
CANADA
MDCBC Dealer: #30458
