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ONLINE AUCTION TERMS

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ONLINE AUCTION TERMS

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MDK has recently developed the online auction bidding system that enables you to see all auctions houses in Japan including USS, TAA, CAA, AUCNET auctions and tender auctions. The total numbers of auctions we offer so far are more than 110. We have successfully been able to work on the theory of one window operation which is very practical through our online auction system. Major services include, bidding online, statistic review, finding current market prices of cars with graphs and charts, finding year of manufacturer and custom duty calculation of selected countries.

To render improved online auction services, we have elaborated following terms for our customers

Our Scope

  • To translate auction sheet
  • To discard non-drivable, flood-effected, engine-faulty, and transmission-faulty cars unless it is instructed by our buyer to buy these cars

BIDDING RULES

  • We must receive all bids before 8.30 Japan Standard Time. Bids after that may not be entertained until and unless any special request is made
  • Bid prize can only be changed an hour prior to bidding time
  • All bid prize are maximum prices but for small unit we can add 10,000 yens and on big units 20,000 or 30,000 depending upon relationship and understanding with our respected client

CANCELATION RULES

  • Once the car is purchased and if cancelation is made within an hour, auction house charges ranging from 50,000 yen 80,000 depending upon auction house
  • We charge no commission on cancelation but in case, a car has been transported to port or yard then transport and local charges may be charged

BIDDING DEPOSIT

  • You are only eligible to bid once we receive the bidding deposit as mention under or as per understanding. If the bid does not get successful, security deposit is fully refundable or adjustable in the customer's account based on customer's request
Deposit Rank Deposit Amount USD Purchasing limit
PLATINUM $10,000 $100,000
DIAMOND $5,000 $50,000
GOLD $3,000 $30,000
BRONZE $1,000 $10,000

PAYMENT

  • We must receive 100% payment within 7 working days after purchase
  • ALL PAYMENTS MUST BE SENT DIRECTLY TO JAPAN IN BANK ACCOUNT MENTIONED ON WEB SITE
  • DELAY IN PAYMENT MAY CHANGE UR WORKING FORMULA OR SLAB WITH MDK

COST AND FRIGHT CALCULATION (C&F)

MDK provide best possible rates available in the market to all customers and to make their calculation hassle free we have adopted working formula or slabs which helps our customer to determine bidding COST. WE HAVE WORKING FORUMLA FOR ALL COUNTRIES. OUR SALE MANAGER CAN PROIVED YOU DETAILS THEREON UPON REQUEST

  • C&F = BID PRIZE + WORKING FORMULA + OTHER CHARGES
  • C&F = BID PRIZE + WORKING FORMULA + FRIGHT OTHER CHARGES

OTHER CHARGES

Service Charges
JEVIC INSPECTION / JAAI INSPECTION JPY 25000
INSURANCE JPY 5,000 - JPY 10,000
RADATION CLEANING JPY 25,000

Special Case of Year Verification

Year verification is necessary for some countries, we have provided catalogue book for year verification and on our website. You can also check and we are 100% confident that year verification on our web is without any error unlike Russian website most common one www.drom.ru. You can also mention with your bidding to verify year of production. But when the car is shipped from Japan, we do not entertain any claims in this regard either it was mentioned with bidding to verify the year of production or not. It is also responsibility of client to verify from his side in all cases

  • Low Prices, No Haggling
  • Largest Car Dealership
  • Multipoint Safety Check

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