Purchasing from the Used Car Auctions
With tens of thousands of vehicles going under the hammer every week, procuring ones next vehicle should not be limited to sourcing from the small selection at a local dealer. Why not join our long list of satisfied customers by utilising our services to guide you through the process of purchasing from the used car auctions, with the foresight to making substantial savings on any purchase.
Where are vehicles sourced?
Vehicles listed at auction come from dealers the length-and-breadth of Japan, who are looking to sell their stock to other dealers and exporters at wholesale prices.
How does the auction work?
Dealers start of the process by filling out the key information about the vehicle, and any sales points for prospective buyers on an auction sheet. Upon delivery of the vehicle to the auction house, vehicles are subsequently independently inspected with additional notes added to the auction sheet regarding the physical condition of the vehicle and then graded accordingly, depending on the level of damage and repairs required.
NB: Motovique only recommends vehicles with an exterior rating of 4 and above.
While it is not uncommon for even new vehicles to have a few minor blemishes, all marks/scuffs/rust are declared, including details of any vehicle that has an accident history or has had extensive repairs. The small vehicle-like graphic also indicates the location and severity of such blemishes, so members (agents) can further inspect vehicles in person on the day of the auction.
Photographs of the vehicles are taken, with the completed auction sheet uploaded to the database for members (agents) to access, categorised under nationality, brand and model of the manufacturer, as below.
Choosing a Vehicle
All reputable auction agents will ultimately assist in the selection process, using their expertise and the recent history (twelve weeks) to qualify any potential targets. Depending on the make and model, there are literally hundreds of examples to choose from each week, which, based on the specific criteria agreed upon, will be whittled down to a select few vehicles.
An estimate will then be calculated listing all the associated costs of a purchase including the agents fee. Through discussions with your agent, it is at the sole discretion of the buyer if they wish to proceed to the next step, and request an inspection of any of the sourced vehicles.
NB: Some of the European models and/or classics can take much longer to source due to the scarcity of models in the desired grade, colour, price range etc.
On the day of the auction, agents typically arrive early in the morning to inspect the selected vehicle(s), on their customers behalf. A typical inspection will take a few minutes, using the auction sheet (above) to assist with the checks.
Bidding on a Vehicle
Only after confirming to the customer that the vehicle is not only in good condition but meets their specific needs, and an agreement has been made with regards to the maximum purchase price, will bidding commence on their behalf. Bidding is done live in the auction hall, and in the event that bidding on a particular vehicle is unsuccessful, the agent with the highest bid has the opportunity to negotiate with the seller (indirectly) in an effort to reach an amicable agreement.
While there is no universal figure on the savings to be made by purchasing direct from auction, we typically save our clients several hundreds of thousands of yen on a variety of premium branded models.