Brokerage services for buying cars at USA auctions

Professional brokerage for buying cars at USA auctions

A broker is a person who is responsible for looking after the interests of two parties in negotiations or transactions. The most common forms of mediation are:

  1. Financial intermediation and assistance.
  2. Trade intermediation and commercial assistance.
  3. Conciliation mediation in dispute resolution.
  4. Legal mediation.
  5. Insurance mediation.
  6. Administrative mediation.

The work of a broker involves many different functions. In addition to protecting the client’s interests, a broker has to comply with working procedures and agreed deadlines. It also requires the professional to have a quick and accurate orientation in the chosen market area. At Olicargo, we have professional, experienced intermediaries who are not afraid of challenges and who solve any problem quickly. Our specialists will not only advise and understand, but will also help you to find the best solution.

Many different vehicles are auctioned in the USA every day. Which should come as no surprise, as it is the largest market in the world. Although US auctions offer not only exceptional vehicles but also much lower prices, buyers are not always satisfied. Unfortunately, buyers often realise that the total purchase price is much higher than they expected. This is because the price includes additional costs that are not always foreseeable by the buyer. This is what mediation in USA auctions is all about. The intermediary will indicate what the final price of the purchase consists of. In addition to the vehicle, there is also the auction fee, the cost of transport in the US, port and customs brokerage fees, customs duties and VAT.

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    Car imports from USA auctions

    Importing cars from US auctions is not only complicated but can also be expensive without knowing how to reduce costs. Our experts will provide you with all the information you need and answer any questions you may have. Before we start working with you, we ask our customers to sign a contract and pay a deposit of around 10% of the purchase price. The deposit is needed to pay the auction penalty in case you change your mind and refuse to participate. If you win the auction, you can either get your deposit back or it will cover part of the purchase price. Once you have purchased the car, we will provide you with a tracking number for the sea container, which will arrive at the port of Klaipėda, arrange the necessary paperwork and deliver the car to the specified location in Lithuania.

    Steps to buying a car from a USA auction

    With over 1 million cars sold on the USA auction market every year, you can be sure that the range of vehicles will be not only wide but also varied. In Lithuania, as in the rest of the world, the current economic situation is quite difficult. As a result, not everyone can afford a new car. By participating in a USA auction, it is possible not only to find the model you want, but also to be sure that it has been purchased at a bargain price. In order to buy a car at a USA auction, you need to follow these steps:

    • Searching auctions such as iaai.com, www.copart.com, www.manheim.com, www.adesa.com, www.cars.com, www.ebay.com.
    • Participating in the auction (we have mentioned that a deposit of 10% is required, which cannot be less than €500, and signing the participation contract).
    • Purchase procedures to be carried out within 2 calendar days.
    • Transportation of the purchased car to the loading bay.
    • Preparation of documents for export.
    • Loading the vehicle into a sea container and transporting it to the port of Klaipeda.
    • Implementation of import procedures and delivery to the specified address in Lithuania.

    As you can see, buying a vehicle from a USA auction is not as easy as it may seem at first sight. That is why an intermediary is essential when consigning cars from the USA. Not only will it provide all the necessary information, but it will also ensure that all the processes are carried out properly and that you are not disappointed when you buy a vehicle from the USA.

    Important criteria when choosing a car from the USA:

    1. Car condition. It is important to assess how much the car will cost and the repairs needed to repair the damage.
    2. Seller. Dealers who are listed as an insurance company (e.g. State Farm Insurance, etc.) are less risky. In this case, it is less likely that the car has already been repaired or otherwise serviced after the accident before it is sold.
    3. Car documents. These must be in line with the laws in force in Lithuania.
    4. Mileage. Lower mileage means easier sale and low depreciation. In the US, mileage is calculated in miles (1 mile is 1.6 kilometres).

    Benefits of buying a car from the USA

    There are many reasons to buy a car from the USA. US auctions can be as much as 50% lower than Lithuanian market prices. In addition, cars from the USA are often much better equipped than vehicles made in Europe. There are also more advantages:

    1. The car is purchased in USD to avoid currency fluctuations.
    2. The purchase is made by auction.
    3. Lower purchase price due to accidents.
    4. The car is purchased in instalments. The car and delivery costs are paid first and import taxes and repair costs will be paid later.

    Buying a car from the USA can present many different challenges, which is why a broker is a must when buying cars from the USA.

    WE COLLABORATE

    Official partners

    CargoLoop specializes in international auto and machinery shipping using containerized and Flat Rack delivery.

    Olicargo provides professional customs warehousing and handling services in Klaipėda. 

    ToksAuto is a reliable partner for the sale of original and other manufacturers' parts for cars and trucks.

    EuroAmerikana provides and sells certified repair and spare parts for all types of vehicles.