Our Auction Terms and Conditions
1. Before you bid
You must have a Carused.jp account before you can bid at the auction. A deposit is required before Carused.jp can start bidding on your preferred vehicle. Depending on the amount of the deposit received, the customer is given a price limit for the purchase of vehicles made on Carused.jp, as follows:
|USD $1,000||total vehicle(s) price up to $10,000|
|USD $2,000||total vehicle(s) price up to $20,000|
|USD $3,000||total vehicle(s) price up to $30,000|
|USD $4,000||total vehicle(s) price up to $40,000|
|USD $5,000||total vehicle(s) price up to $50,000|
The deposit is 100% refundable but cannot be used as payment of the vehicle(s) purchased.
Requests for a full cash refund will be honored within one year from the time the deposit was confirmed and received by Carused.jp. If no bid requests are submitted, and/or no transactions are completed within one year from the payment of the deposit, the account is considered inactive due to lack of transaction activity. In that case, an administration fee of 50% of the refund amount will be levied each year the account remains inactive.
Confirmation of the deposit made by the customer will be done by the Carused.jp sales team. You can contact our sales team if you have already placed a deposit for faster verification.
Sales Team Contact information is as follows:
2. Placing bids at the auction
Every customer is entitled to place a bid on any numbers of vehicles as long as it is within the allowed limit, based on the customer's deposit amount.
Carused.jp staff will confirm all bids by email or phone within 24-48 hours after the request to bid has been placed.
3. The Auction
Ninja is a system is operated by a company that is not affiliated with us. We will not hold responsibility for any cases where we can't bid for a car due to external factors such as technical difficulties.
4. After the auction
For successful bids, the customer will be notified with the bid results and will be sent an invoice indicating the price in either FOB or C&F (cost & freight) fees to meet your market setting.
All shipments are on a RORO basis by default, but customers/dealers may choose to ship by container shipment basis depending on the availability of the customer's country/port.
Customers will be notified within 24-48 hours of any change (increase or decrease) in the total FOB or C&F price.
In the case of unsuccessful bids, customers will also be notified with some suggestions of similar models that are available for future transactions.
Payment of one hundred percent (100%) of the FOB or C&F price for each successful bid is required within 24-48 hours upon the confirmation of the shipping port.
Carused.jp interest and penalty will apply for late payment or non- payment. Late payment will result in 14.8% penalty. The cancellation fee is $1500 USD or 15% of the selling price, whichever is a bigger amount.
Please note that once a bid is won, the amount of the invoice issued must be paid in full by bank transfer and the deposit amount cannot be included for the settlement.
The security deposit will be refunded after the payment is received, if requested.
Payments shall be made to any of the following bank accounts of Carpaydiem Co., LTD:
|Bank Name:||The Bank of Tokyo Mitsubishi UFJ Ltd.|
|Bank Address:||5-1-5 Hakusan Asao-ku Kawasaki Kanagawa, Japan 215-0014|
|Account Number:||JPY: 0038078|
After Carused.jp has confirmed the required payments and shipping line availability, the vehicle(s) is scheduled for shipment at the earliest possible date.
The customer will bear the risk of all changes in logistics or increases in delivery costs.
No claims are accepted if:
- The vehicle(s) are over 15 years old from the date of manufacture or first registration;
- The vehicle(s) have travelled more than 100,000 kilometers;
- The vehicle(s) have chassis, engine, or exhaust modification;
- The vehicle(s) that have a documented accident history (condition grade=0 or A or similar), are purchased at the buyer's or customer's own risk and cannot be subject to any claim;
- Furthermore, any claims for ABS, SRS, or other electronic faults for vehicles purchased at an auction price of less than 200,000 yen are not accepted.
Edits and modifications of the bid request such as changing of the price/budget, change of shipping port and country, and change of inspection/insurance options are only accepted if the vehicle has more than 2 hours remaining before the actual auction schedule.
Edits and modifications done after the 2 hour-mark will be deemed invalid and will not be accepted.
Auction vehicles are different and not part of the Carused.jp stock. This means vehicles at auction are purchased upon the customer's request. Cancellations of bid requests can be applied with no less than 2 hours remaining on the auction schedule.
Upon cancellation, we reserve the right to re-sell cancelled units at our re-sale price without the customer's approval.
Cancellations done after the vehicle has been purchased or has less than 2 hours before the auction starts are subjected to Auction Cancellation Penalty (Please refer below)
10.1 Late Payment Penalty
Carused.jp reserved the right to impose a penalty for late payments. Vehicles that are not paid within the specified timeframe are subjected to a penalty fee of $50 or 3% of the vehicle price, whichever is higher.
Carused.jp also reserves the right to it's discretion to return the vehicle to the auction and impose a compensation fee of $1500 or 15% of the total vehicle price, whichever is higher.
10.2 Penalty for Breaking a Contract
In the event that the customer breaks a contract, Carused.jp reserves the right to pursue legal actions and/or impose a fee of $1500 or 15% of the total vehicle price, whichever is higher.
Acts such as the following but not limited to, will result in a breach of contract:
- Failing to pay for the purchased vehicle within 5 workdays
- Changing terms, shipping port/country after purchase
- Fake account for fake buying-bidding
- Cancellation of the purchase after the deal has been concluded
10.3 Penalty for Auction Cancellation
Carused.jp reserves the right to impose a penalty on cancellations done after the vehicle has been purchased or 2 hours before the auction start time as subjected to a penalty fee of $1500 or 15% of the total amount, whichever is higher.
11. Carused.jp Guarantees
Carused.jp guarantees the quality of the vehicle purchased from our stock.
However, we do not guarantee the vehicles condition from auction as it is inspected by a professional inspector beforehand.
Carused.jp does not ensure and is not liable for the vehicles in cases of Force Majeure or acts of nature such as but not limited to earthquakes, volcanic eruptions, typhoons, and any other natural calamities.
12. Account Cancellation
For cancelled accounts with deposits, Carused.jp will refund the deposit to the customer but reserves the right to impose a penalty fee depending on which rules has been violated.