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A deposit is a prepayment that demonstrates your serious intention to use our services. It allows us to secure the best deals for you quickly and efficiently.
How Does It Work?
Once we receive your deposit in your currency, it is converted into Japanese Yen based on the current exchange rate. You can always view your balance in your personal account on our website.
Is the Deposit Refundable?
The deposit can be refunded no earlier than 3 months after it is credited to the Contractor's account. The contractor represented by Carvector, in accordance with the laws of Japan, as well as the banking corporate policy, is obliged to provide payment information to the competent authorities, and is also obliged to prevent the implementation of financial fraud. Therefore, this clause of this agreement follows the AML (Anti-Money Laundering) policy.
Flexible Options for Your Deposit
You decide how to use your deposit:
– Apply it toward the total CFR price of your purchased car
– Keep it in your account as a guarantee for future purchases
How Much Is the Deposit?
The deposit amount depends on the car’s market price:
Up to 1,000,000 JPY → $2,000 USD deposit
1,000,000 – 2,000,000 JPY → $3,000 USD deposit
2,000,000 – 5,000,000 JPY → 20% of the car’s price (minimum $5,000 USD)
Note: If you plan to purchase multiple cars with a single deposit, we’re happy to discuss flexible options—just reach out to us!
What Are the Benefits of Paying a Deposit?
After placing your deposit, you’ll gain:
– A personal manager to assist with bids and cost calculations
– Full access to all Japanese car auctions
– Direct access to Japanese stock listings
– The ability to check current market prices for vehicles in Japan
– The freedom to choose any car from auctions or buy directly from stock
Have questions? Feel free to contact us anytime!
The full terms regarding the deposit payment and refund are described on the TERMS OF USER AGREEMENT page. Please make sure to review it carefully.