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White Paper: Market Report for New and Used Cars in the US

Date: 10/27/2015|Category: Used Cars, White Papers

The fundamental strategy of buying a vehicle in the United States and selling it abroad is no different from the strategy used for investing in the stock market. In the stock market, one attempts to buy low and sell high. Similarly investing in a vehicle for export follows the same consideration. A buyer purchasing an investment vehicle in the United States should try to find a vehicle that will be in demand in a foreign market and purchase this vehicle at a price that allows for an acceptable profit margin after shipping and other related export costs are considered. Finding a vehicle …

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White Paper: Market Report for New and Used Cars Abroad

Date: 10/27/2015|Category: Exporting Cars, White Papers

When considering selling new or used cars in the export market, it is important to think in terms of finding where there is demand for a particular product. In the case of exporting cars for sale overseas, a seller will primarily need to consider if there is a demand for imported vehicles in the target market. After this consideration, a number of secondary factors arise which are related to the specific makes and models of vehicles in demand in your target market. Lastly, and perhaps most importantly, when thinking in terms of Return on Investment, given the costs, whether vehicle pricing …

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White Paper: Determining the Best Price for a Vehicle at Auction Mall

Date: 10/27/2015|Category: Car Auctions, White Papers

Anyone involved in the sale of cars understands that setting the right price point is key to selling vehicles. Question of what is the best price for mall or auction is very important. Set your price point too high and potential buyers may be deterred; set your price point too low and your profit margin will be cut too thin. Therefore, the first step to setting a price point, involves understanding, what price buyers in a foreign market are willing to pay for your vehicle. Calculations Although it is not possible to know the exact amount a foreign buyer will pay, it is …

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White Paper: Is an Import Broker Necessary?

Date: 10/27/2015|Category: Exporting Cars, White Papers

Pros and Cons of Using a Broker Investing in the export of goods can be difficult to manage if all segments of the shipping process are not monitored and addressed effectively. Shipping vehicles overseas can be a path with many traps that arise along the way. On both the departure and destination ends, there are several processes, paperwork and clearance tasks involved in getting a vehicle from its point of purchase to its destination market. For those who are not fully acquainted with this process or do not have the time to devote to shepherding their goods through the exporting process, it may be …

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White Paper: Legal Issues when Selling Abroad

Date: 10/27/2015|Category: Exporting Cars, White Papers

Under normal circumstances, the legal issues related to selling a vehicle on the export market have to do with titling and registering a vehicle as well as customs and export regulations. However, there are other legal issues that may arise when buying a car in the United States and shipping it overseas for sale. Recently, buyers of vehicles in the United States have been the subject of considerable press coverage concerning criminal investigations against exporters who primarily were engaged in selling luxury vehicles purchased in the United States for shipment overseas. Arbitrage In 2014, there was a wave of news reports of crackdowns …

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  • Auction Process
    • Do you offer live bidding?
    • What is the difference between, “auction” car, and a “buy now” car?
    • What is a Reserve Price?
    • What does the bid amount include?
    • How does the auction process work?
  • Deposits and Pre-Bidding
    • Is the security deposit refundable?
    • How do international customers make a deposit in their account?
    • How does the security deposit process work?
    • Can I cancel a bid?
    • Can I inspect vehicles prior to auction?
    • Is automatic bidding or pre-bidding available?
    • What is the total bidding amount?
    • What is a bid in active status?
    • What is a bid in pending status?
    • What is the best way to win an auction?
    • How do I search for a car available at auction?
    • How does the auction process work?
  • Post-Auction and Payments
    • What does a customer need to do to get the title to a vehicle?
    • How do I pick up the car I purchased?
    • Are there storage fees if I cannot pick up my vehicle immediately?
    • Do you Issue Temporary Plates?
    • Can I pay in cash?
    • Are there late payment penalties?
    • What are the payment terms?
    • How do I pay for an auction?
    • What if I fail to may a payment as required?
    • When is the balance due on a purchase?
    • When will I be notified of the results of the auction?
    • Bidding has ended. Is my bid the highest?
    • Why did I receive notice after bidding ended that my bid is no longer the highest?
  • Shipping and Delivery
    • How will it be mailed to me?
    • When will I receive the title?
    • Can I have the title mailed to an address/name different from the address/name on my account?
    • I have an agent working on my behalf can this person pick up my vehicle?
    • Do you offer delivery?
    • When can I pick up a car I have won at auction?
  • Understanding Salvage Titles
    • What is NMVTIS and how is it used?
    • Understanding the salvage title/rebuilt title distinction
    • What are the different types of titles a vehicle may have?
    • I received a different type of title than the one in the description. I received an equivalent title from a different state. Why?
  • User Registration
    • What are the rules regarding new customers and customers not in good standing?
    • Can I just buy one car?
    • I do not have a dealer license; can I bid or buy a car?
    • What information do I need to provide to register?
    • Do I have to pay to register?
    • Do I need to register to bid?