A Quick Guide to Buying a Used Car from China

China’s ever-growing used car market, with its upward trajectory from 12.40 million units sold in 2017, has become a goldmine for international buyers. By the end of 2023, the nation boasts approximately 790,000 used car dealers, making it a prime hotspot for those looking to purchase abroad. This guide has the most relevant information that is nice and simple to follow, as you would expect based on the knowledge that is displayed within our website.

Understand the Market:

In recent years, specifically 2022, the transactions for used car sales showed remarkable impact on the auto market of China. The vehicles whose age between 3-6 years collected major share of used cars to be sold at around 6.44 million units which concluded at about 40.2% for the used car sales. Moreover, 3.15 million units of vehicles aged between 7-10 years were sold and made at about 19.7% for the total sales whereas older vehicles were also traded in the quantity of about 1.62 million units and sold at 10.1% of all the sale.

Furthermore, there were vehicles whose ages were within three years or less than that were completely 4.81 million units to be sold and this made at about 30% for being from used car sales in the same year of 2022.

In 2023, the country sent more than 160,000 units of used cars to the overseas countries. All these numbers have stated such features related to the used car market of China and their ages performed activities during trading and shows how healthily and quickly it could grew in the future market. Awareness of these trends helps in making informed decisions and pinpointing the best times to make a purchase.

Find the correct dealer/exporter who are accessible to you:

Before settling down for an option on buying from Chinese used car exporters, you need to go through what they have to do, and their job execution should be clear to you. Exporters are really good at conducting international deals thanks to their knowledge in exporting used cars overseas.

Thus the fine relationship-dealer and exporter would be the outcome of that period and their purchase procedure requires little consideration as they get paid from both of the dealerships and imported internationally clients.

Handle the Purchase process:    

Process of buying or importing a Chinese ever used cars is as such: Start by browsing for stocks of car or truck you would want to buy from a reliable site like AutoCango.com and inquire about the vehicle. At this point, you will be sent an invoice with payment details. Kindly prepare the funds through your bank and make sure to forward the T/T copy in 72 hours to secure your order. After sharing the T/T copy, AutoCango.com agent will approve your purchase and begin shipping process. You shall receive documents like Bill of Lading (B/L) after shipment; make sure to copy this document since you need to show the document upon the car's arrival to clear customs.

The role of Inspections and Documentation:

Ensure that the car gets proper inspection and right documents prior importing a car from China, as these are crucial to know your vehicle meets your expectations and that it adheres to your home import regulations. The needed confirmation from the exporter backed with pre-shipment inspection certificate and purchase invoice is very important for a successful import to your country.

Summary：

You need to ensure you choose a credible exporter, understand the cars you wish to buy, ensure vehicle inspection and handle the documentation process correctly. If these components are well handled, you can get yourself a used car from China.