There are various reasons, including but not limited to: financial needs, restrictions from lottery policies, moving abroad, or dissatisfaction with certain features of the vehicle. We will ensure that the vehicle was not sold due to catastrophic failures by ruling out major accidents, water damage, and flooding.
Plan for roughly 25-40% on top of the vehicle price. The main items are: 1. Pre-purchase: deposit (10-30%), third-party inspection fee (100-300 USD). 2. In China: inland trucking to the port, export declaration fees. 3. Shipping: ocean freight (container 20ft usually 1,500-4,000 USD depending on destination), marine insurance (about 0.3-0.5% of car value). 4. In your country: customs duty, VAT/GST, port handling and storage, customs broker, quarantine or pre-shipment inspection if required, registration and plates. Always ask the exporter for an itemized landed-cost estimate for your specific port before paying the deposit, and confirm which Incoterm the quote is based on (FOB, CIF or DDP makes a big difference).
Two separate protections matter: cargo insurance and contractual risk transfer. Cargo insurance: for container or RoRo shipments, buy marine cargo insurance covering total loss and damage, typically 110% of the CIF value (average cost 0.3%–0.8%). Check exclusions — many policies exclude pre-existing damage, so a pre-shipment inspection report is essential to prove the car's condition at loading. Incoterms define who bears risk and cost at each stage: 1. FOB (Free On Board): exporter pays until the car is loaded on the vessel; risk passes to you at that point. You pay ocean freight and insurance. Common and usually cheapest if you have your own freight forwarder. 2. CIF (Cost, Insurance and Freight): exporter pays freight and minimum insurance to your port. Convenient but the insurance coverage is basic — consider topping it up. 3. EXW (Ex Works): you handle everything from the exporter's yard; only choose this if you have a trusted agent in China. Put the agreed Incoterm and port clearly in the contract, and never release final payment before the Bill of Lading is issued.
