Frequently asked questions
Intermediation during the acquisition process in auctions
Why is it worthwhile to purchase a car in the auctions in the USA and Canada?
When purchasing a car in auction in the USA or Canada, you pay up to 50% less than buying a car in Lithuania! Once a car is delivered and repaired, you will know its entire history pretty well, i.e. all the accidents, actual mileage, etc. Moreover, cars from the USA and Canada usually are of a far better trim compared to their analogues in Europe.
Where should you start, if you want to purchase a vehicle in auction?
It’s simple! Read about the purchasing procedure, auction and other charges. Choose a vehicle that you want to purchase and decide on a maximum amount you can pay for it.
What you should know before purchasing a car at an auction?
At auctions, a seller is never responsible for the condition of a vehicle, and he sells it “as is”, i.e. in whatever condition the vehicle presently is. The same unwritten rules apply to the keys of a vehicle, for which the seller assumes no responsibility. However, if the key is lost, our consultants will perform all and every action possible to find the lost key. If the key was not at the auction, it might be that the key remained with the former owner and you cannot recover it.
Things you should note when purchasing a car in auction?
Keep in mind that the sellers assume no responsibility whatsoever for the cars offered for sale in auction. Therefore, you need to read carefully all the information provided about the car. More importantly, you need to look through and examine all the provided pictures of the car.
It is highly recommended to check the VIN number in Google search engine, as the sellers sometimes place on internet pictures of a car that is not for sale. We also recommend you to assess the reputation of the seller and the insurance company. Above all, never rely on your emotions, because a car is not a thing that can be bought spontaneously, i.e. without giving much time. To the contrary, it takes much time and consideration to purchase a good car.
Why do I need to pay a deposit when purchasing a car?
A deposit is required to ensure that you are really planning to purchase a vehicle. A deposit will not be refunded if, upon winning the bid, you do not complete a purchase procedure within 2 working days or within 5 calendar days. In this case, the auction also can charge a fine.
I won a bid. When do I need to make a payment of the remaining amount of the price?
Upon winning a bid, you have to make a payment of the remaining amount within 2 calendar days. In case of a delayed payment, the auction will charge a fine (USD 50). In case you fail to make a payment of the remaining amount within 3 calendar days, the auction will charge a storage fee (USD 20 per day). You need to make a payment of the outstanding amount, fine and storage fee within 5 calendar days; otherwise, the vehicle will be put on auction again and the amount of deposit paid by you will not be refunded.
Can I make bids at several auctions at the same time?
Yes. The number of auctions where you can make bids is not restricted. The terms and conditions for participation in the auction are the same, irrespective of whether you participate in one or several auctions.
An advance payment (10% of your maximum bid, but not less than USD 500) is charged for every vehicle. Participation in several auctions at the same time might be a good idea, if you are looking for several vehicles. If you are looking for just one car, participation in several auctions is not recommended, as in case of winning a bid and not making a payment of the remaining amount,the deposit will not be refunded.
Where can I find explanation of auction terms?
You can find explanation of all auction terms, definitions and abbreviations under the title “Explanation of auction terms and definitions”.
Shipment from the USA and Canada
How much does the loading and shipment of a vehicle to Klaipėda port cost?
The price depends on:
The type of a vehicle (car, motorcycle, quad, etc.);
The gross weight and dimensions of a vehicle;
The place of loading of a vehicle (optional ports in the USA: New York, Chicago, Houston, Savannah, Los Angeles, Miami, Norfolk, Seattle).
You can get a guide price of shipment in the section “Calculator”.
How long will the delivery of a vehicle to Lithuania take?
The delivery of the vehicle can take 6 to 12 weeks. The length of the trip can be influenced by immense work load in the US ports, weather conditions, and delayed delivery of documents from the auction. Due to the said circumstances, in exceptionally rare cases the delivery of a vehicle can take more than the indicated maximum 12-week period.
How can I trace the current location during the shipment of a vehicle?
Once a vehicle is loaded into the container for shipment, we inform the buyer about the preliminary delivery time to Lithuania. Once the vehicle reaches the country, customs clearance procedures are started and documents are arranged, which usually takes approximately one more week.
How do I get my vehicle in Lithuania?
You can collect your vehicle in Klaipėda, or we can deliver it to the address indicated by you anywhere in Lithuania.
Intermediation in customs procedures
What customs duties are charged for the vehicles imported from the USA and Canada?
The following customs duties are charged for the vehicles imported from the USA and Canada:
10% import duty (charged on the total amount of purchase in the USA, including the costs of shipment);
21% standard VAT charged on the total amount (total amount of purchase in the USA, including the costs of shipment and the amount of import duty).
If the price of the purchased vehicle is very low, the import duty is charged according to the market price of the vehicle. If the purchased vehicle is damaged in a car accident, the appraisers make an estimate of required car parts and repair works and the obtained amount is deducted from the total market price of the vehicle.
Intermediation during the selling process of cars in Europe
What do I need to know before selling a car?
The vehicle offered for sale must be in good technical condition, without any hidden defects. Before selling a vehicle, it must be thoroughly checked. Also, upon selling a car, a seller must provide a warranty. Therefore, all repair works must be high quality.
How long can it take to sell a car?
It depends on the type of a car, expected profit and the condition of the car. Unfortunately, we cannot promise or guarantee the exact time of sales. But we assure you that potential buyers are always informed duly about the car and we make every effort to sell it.