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What Should an International Buyer Know when Using Online Dealer Auctions?

Date: 08/01/2017 |Category: Exporting Cars

There are now a number of websites that offer access to dealer auctions in the United States. Breaking the monopoly that dealers once had on these auctions, these websites now offer ordinary consumers the chance to enjoy incredible savings on used, salvage and like-new cars.

But, it’s not just United States consumers who stand to benefit. In fact, anyone with an Internet connection, regardless of where they are in the world, can use these auctions too! In order for these online dealer auctions to make sense for an international buyer, though, one needs to know and understand certain things.

Researching Restrictions on the Import of Used Cars

Used cars are among the more heavily regulated imports around the world. In fact, many countries have very specific rules about what used cars are and are not permissible for import. For this reason, you’ll necessarily want to research your country’s restrictions before you start bidding.

The most common kind of restriction that you’ll encounter pertains to vehicle age. In many countries, only a vehicle that is a certain age or younger can be imported, with some exemptions made for classic vehicles. Do note that in terms of calculating vehicle age, some countries will go by model year and others will go by date of manufacture.

In addition to this, you may encounter any number of very specific restrictions. Oftentimes these will pertain to things like safety and emissions standards. But, there can be other more picayune restrictions, too. For example, states in the GCC have rules regarding how much tint auto glass can have.

Researching Import Duties and Taxes

Determining whether or not online dealer auto auctions in the U.S. will work for you will come down to import duties and taxes. Again, you’ll want to consult with your country’s customs authority regarding what duties and taxes are in place for used cars.

As you look into this, pay attention to what those duties and taxes are assessed upon. Some countries will only use the value of the vehicle for determining duties and taxes. Others, however, will use CIF, a figure that reflects the value of the vehicle and the cost of shipping and shipping insurance.

If your country falls into the category of those that use CIF, be sure to shop around for shipping. Working with the auction specialist assigned to you by the website should help a great deal here.

How to Sign Up for Online Dealer Auto Auctions

As long as you have a handle on the above, you should be prepared to make use of online dealer auto auctions in the U.S. To get started, you merely need to create an account with a website that offers access to dealer auctions. From there, you can begin searching the thousands and thousands of used and salvage cars available.

When you want to start bidding, simply make a deposit to establish your buying power. From there, you should receive all the help you need from the website and the specialist assigned to you. Because of this, you definitely stand to save thousands by importing a used car from a dealer auction in the U.S.!

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