I am going to take you through a typical process of buying a car from an auction;
- Search for the vehicle that you are interested in. In this example, I use Toyota corolla NZE, a very popular Japanese car.
- Then, i send 100,000 JPY (about Kes 104,000) for bidding deposit
- I get a good Corolla NZE, 2005 Lot number is 37, Auction house- USS Kyushu, Bid price- 285,000 JPY (about Kes. 297,000) I use those details on the bidding form
- If i win the bid, I send the balance (297,000-104,000= Kes 193,000 )
- Finally, I pay other fees which are:
Auction agent fee- 68,000 JPY
Domestic Transport- 15,000 JPY
Jevic Inspection fee- 23,000 JPY
Freight- 80,000 JPY
Total Fees- 186,000 JPY (Kes. 194,000)
Total cost- 193,000+194,000= Kes. 387,000
The total cost of the corolla NZE (C&F) is Kes. 387,000
The DUTY for this car (1500 cc) is about 240,000
Other misc costs- 50,000
Total cost of registered car is roughly Kes. 677,000
This seems unrealistic but its actually possible. With auction direct, you can save about 200k or much more depending on the vehicle. You can always contact me if you need any clarification. I will also take you through the process for a small fee.