ZervTek's Transparent Auction Process
Avishka Chandeepa
Posted 15 July 2024
When it comes to securing your dream Japanese Domestic Market (JDM) vehicle, our auction process stands as a beacon of transparency and simplicity. Join us on this exciting journey to make your JDM aspirations a reality! Let me run you through our 6 step process on how the Japanese Auto Auctions work with ZervTek.
1. Collaborative Vehicle Selection
Your preferences and budget are at the heart of our vehicle selection process. Together, we go through upcoming vehicles, ensuring that every choice aligns perfectly with your desires.
2. Refundable Deposit
To initiate the Japanese auction process on your behalf, we kindly request a refundable deposit of 100,000 yen (valid for vehicles priced up to 2.5 million yen). This deposit serves as your commitment to the vehicle of your dreams.
Full Refund Assurance: If circumstances change, and you decide not to proceed with the auction purchase, rest assured—your 100,000 yen deposit is 100% refundable. Life can be unpredictable, and we're here to offer you flexibility and peace of mind.
Deposit Deduction from Final Invoice: When we successfully secure a vehicle at auction, we deduct the deposit amount from your final invoice. This transparent approach underscores your commitment to the vehicle purchase.
3. Comprehensive Information and Inspection
At ZervTek Japan, we go the extra mile to provide you with a comprehensive understanding of the vehicle you're eyeing. Here's how we do it:
- Auction House Inspection: Each vehicle is rigorously inspected by the auction house, and we receive detailed Japanese vehicle auction sheets. These sheets serve as the foundation for our evaluation.
- Professional Translations: We translate these Japanese auction sheets into English for you, ensuring you have access to all the essential details.
- Additional Photo and Video Inspections: For your peace of mind, we don't stop at the auction sheets. Depending on the JDM vehicle and Japanese auction, we conduct further inspections, capturing additional photos and videos. This hands-on approach allows you to have a virtual walk-around of the car, before bidding.
4. Introduction to Auctions
Auctions in the world of JDM vehicles are a whirlwind affair, typically lasting only 1-3 minutes. This swift pace demands that we have all the finalized bids in hand before the auction starts.
Here's how we navigate these rapid auctions on your behalf:
- Prepared Bidding: We work diligently to ensure that your bids are prepared and submitted promptly. You can trust us to be your advocate in the intense auction environment.
- Unsold Vehicles: Sometimes, a seller's desired reserve price isn't met during the auction. When this happens, the vehicle goes unsold. But don't worry—this opens up intriguing opportunities:
Negotiation: Unsold vehicles can enter negotiation. Here, we engage in discussions with the seller to potentially secure the vehicle at a mutually agreeable price.
One Price/Direct Purchase: In some cases, an unsold vehicle is made available for immediate purchase at a fixed price set by the seller. This streamlined option simplifies the process and allows you to acquire the vehicle without further bidding.
Starting Negotiation Price: If negotiation is the route, the seller sets a starting negotiation price. This serves as the minimum amount at which we can secure the vehicle.
Negotiation Process: Negotiations operate on a first-come, first-served basis, prioritizing the order of applications. We enter bids on your behalf and engage in discussions with the seller.
Successful Negotiation Fee: When a successful negotiation occurs, the auction house charges a fee of 10,000 yen.
The auction house maintains strict confidentiality, ensuring that both sellers and buyers remain entirely anonymous throughout the entire process to prevent any unauthorized sales or negotiations that could potentially circumvent their processes.
5. Efficient Post-Auction Services
Once we secure the winning bid, we spring into action. We manage the vehicle's transportation to the designated shipping yard and meticulously prepare it for shipping. Before it sets sail to its new home with you, we ensure that you receive additional photos, giving you a closer look at the vehicle's condition.
6. Transparent Pricing, No Hidden Charges
At Zervtek Japan, transparency isn't just a buzzword—it's our way of doing business. We openly share the purchase price of the vehicle, leaving no room for hidden costs or surprises. Your journey with us is as straightforward as it gets.
Ready to Get Started?
If you're eager to embark on this affordable JDM car-buying journey with us, you can find all the necessary links below.
Thank you for considering ZervTek Co., Ltd. We understand the intricacies of JDM auctions, and we're here to navigate them on your behalf with precision and professionalism. Your dream vehicle is our mission, and we leave no stone unturned to make it a reality.
