Have you ever thought of importing a Japanese car yourself? Have you ever wondered how people import cars themselves in a hassle free way? Well, it’s not that difficult. Let me answer all your ambiguities on how you can import a Japanese car yourself. A step by step procedure with screenshots will help you understand the subject in a better way.
You must have heard that cars are brought into auction houses for auction and then exported from Japan. Auctions are open to everyone who wishes to participate in placing an appropriate bid. There are several car import companies that give you free access to live auctions in auction houses. Some auction houses have their own websites as well. But it’s better to be associated with one of the companies if you haven’t been in this business before.
What you need to do is to sign up with one of the car importing companies by entering your alias and contact details. Once you have signed up, you will see a page similar to the one shown below:
Select one the car brands available for the auction. I selected Daihatsu:
Here I see a list of Daihatsu cars available for auctions. Let’s say I’ll go with Daihatsu Mira E S.
Here you will see a list of Mira E S to be auctioned on a particular date. You will see the name of auction house below the date in the third column from the left. Clicking on one of the enlisted cars opens a new page for car pictures and auction sheet. For the better elaboration of auction sheet, you can refer to our article (Japanese Car Auction Sheet Explained). The topmost column also shows the minimum and maximum bid in JPY (Japanese Yen) that has been placed till now.
If you are seriously interested in importing a car yourself, you will have to deposit an initial payment of approx. 1000 USD (the initial deposit may vary from company to company) in the company’s account. This initial deposit is completely refundable if you are not able to win the auction. Once you have deposited the money, you can bid on any of the available cars just with a click. The text box above the auction sheet allows you to enter your desired bit.
In the graphical analysis below, you will see the list of auctioned cars with their starting and winning bid price.
Once you place a bid for any car, you are notified with the auction results by the company on the auction date. If your bid wins the auction, your import car company asks you to deposit the difference of winning price and initial deposit along with C&F (Cost and Freight) depending on the winning bid price. Generally, if your winning bid price is up to 1 million JPY, the C&F charges are around 100,000 JPY.
After confirmation of deposits, the company sends original documents via courier before the shipment proceeds. These documents include:
- Original Invoice
- Original Export certificate in Japanese
- Translated Export certificate in English
- Two copies of original B/L (Bill of lading)
The car reaches KPT (Karachi port trust) in about 15 days. There might be a delay caused by extreme weather conditions otherwise the shipment takes up to 15 days. Now you need to hire a customs agent who handles the entire process of customs clearance, passport fees and port charges.
We hope you found the information presented in this article useful. In our next article, I will try to explain the merits and demerits of importing a car yourself in detail.