JU Tokyo auto auction

JU Tokyo auto auction

Car auction myths busted! Buy your dream vehicle from the Ju Tokyo auto auction without a doubt

Online auto auctions are veiled by certain misconceptions. Let’s bust those myths and learn how to buy your dream ride. Japanese auto auctions online have become increasingly popular over the years but there are still certain misunderstandings about them.

Many people wonder whether they are legit vehicles? Is it safe to invest in a car online? What type of cars is sold in auctions? Let’s explore all these questions below.

Myth#1 It is not safe to buy a vehicle online
Many of us have negative experiences when buying things online. However, Japanese auction houses follow certain protocol when it comes to selling vehicles.

You will get a comprehensive assessment sheet and all vehicles are given a grading so you know what you’re getting. You will be provided all the necessary information about the vehicle and you can ask more questions too. Online reviews and company background information is another source to figure out the reliability of the company.

Myth#2 Online auctions provide damaged vehicles
In the Japanese car auction system vehicles are graded according to their standard. Wrecked vehicles are not going to be found in general auto auctions you find different auctions for damaged vehicles. Today everything is transparent and you can determine if a vehicle’s title is recovered or not by checking the VIN history. This is simply a misconception since the vehicles are sold at a lower rate that what is considered the market price.

One thing you need to keep in mind is that, when you use vehicles, it is inevitable that they will have general wear and tear. Scratches and dents are generally mentioned on the descriptions and documented. These are common when purchasing a used vehicle.

Myth#3 There is no way to figure out how much to bid on a vehicle
If you are a novice buyer the thought of an auto auction can be daunting. You picture people shouting numbers and everything swinging by fast. However, this is not so when it comes to auto auctions. To help buyers figure out how much they should bid on a vehicle, you need to do your homework. There are bid suggestion tools available as well!

We will be lying if we say you can become a pro in bidding overnight. There is a learning process but it is easy to do so. In open auctions you will see the highest bid and then you can bid for something close. Don’t give your highest offer at first, increase rates slowly and see how things progress.

Myth#4 Car auctions are not for first timers!
If you are a first time buyer, a Japanese auction house may seem overwhelming. But if you prepare yourself and do your research then this won’t be a major problem. You can even be a part of an auction and see how things are done. There is plenty helpful information available online. Whether you are buying American cars from Japan or something especially from the JDM, it’s never too early.

Myth#5 Limited time
Take your time and prepare early. It will be helpful to check the inventory and do your research beforehand. Join the auction early so that you don’t place bids hastily. If you join late and bid without proper planning, you may walk away unhappy with your decision.

Myth#6 Rare car = higher price
A car's rarity does not ensure that it will fetch a premium price, despite the attention-grabbing auction antics of limited-production Ferraris being well known to everyone. Even if scarcity matters, the car's following may ultimately matter more. For instance, the cost of a vintage car could be significantly higher than that of a more rare and niche version.

Myth#7 Auto auctions are always cheap
Car auctions do not come for nothing! Nevertheless, just because these prices are lower than those at used car dealerships does not mean that cars always sell for a penny or less. While it is possible to purchase wrecks and totaled cars for next to nothing, the reserve price for available vehicles without a salvage title is still high.

A benefit of Japan Motor is that the reserve price will probably be hundreds or perhaps thousands of dollars higher than at other dealerships. If you don't expect to see every vehicle selling for the lowest possible amount at your first auto auction, you should be fine. This urban legend only applies if you arrive in the middle of the auction. They cannot participate once the bidder selection process has started.

These are some of the common myths or misconceptions about the online auto auction industry. Many people are reluctant to invest because they are concerned about various factors. Seasoned bidders know that auto auctions are a great ROI.

Japan Motor Co., Ltd. www.japan-motor.com, having access to all auto auctions in Japan, is an agent for the purchase of used cars, motorcycles, machinery and the provision of export services to anywhere in the world.