China Cars for Sale in Our Live Auctions

Author

Joann

Get approved

After registering and logging in, you must submit the relevant documents for approval and top up a USD 500 security deposit.

The document requirements differ for businesses and individuals, as detailed below:

Businesses: Upload the business license and storefront photo. If there is no storefront photo available, a photo of the business premises may be submitted as an alternative.

Individuals: Upload a passport or driver's license.

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Trading fee

The base vehicle price (excluding trade-related costs such as transportation, customs clearance, and platform service fees) is displayed prior to winning the bid. Once you have successfully won the bid, you will be required to complete the trade information, after which the platform will issue a final trade total price.

How to bid

1. Auction Method & Pricing

1.1 The platform conducts open auctions.

1.2 Each vehicle has a Starting Bid and a Reserve Price.

1.3 Each bid must be increased in increments of whole hundred RMB.

1.4 The exchange rate is fixed per session, from the preview start until the session ends.

2. Vehicle Sessions

2.1 Vehicles are grouped into sessions. Each session contains one or more vehicles.

3. Auction Stages

Auction sessions have two stages: Bidding Open and Auction Live.

Bidding Open

3.1 Bidding Open

3.1.1 Starting Bid is visible.

3.1.2 Reserve Price and Current Highest Bid are hidden

3.1.3 One bid per vehicle allowed.

3.1.4 Bid by manual entry or using fixed bid increments.

3.1.5 Bids must be higher than the starting price and exceed the current highest bid.

3.1.6 All bids cannot be canceled.

3.1.7 You will be notified if your bid is currently the highest.

3.2 Auction Live

3.2.1 Starting Bid is visible.

3.2.2 Reserve Price and Current Highest Bid are hidden

3.2.3 One bid per vehicle allowed.

3.2.4 Vehicles in the same session are auctioned sequentially in real-time

3.2.5 Multiple bids allowed on the live vehicle

3.2.6 Bid by manual entry or fixed bid increments

3.2.7 Cannot bid on vehicles awaiting their turn

3.2.8 You will receive a real-time notification if another bidder places a higher offer than yours. The system will also alert you when the current highest bid meets or exceeds the vehicle's reserve price.

3.2.9 40-second bidding timer per vehicle

3.2.10 Automatic 10-second extension if a new bid is placed in the last 10 seconds

4. Price Conversion

Fixed bid increments in RMB are converted to USD using the session's exchange rate and rounded up to the nearest whole dollar. Example: 100 RMB at an exchange rate of 7.2 is converted to 14 USD.

If a manually entered bid amount in USD corresponds to a non-whole hundred RMB value, the system will convert it to RMB, round to the nearest whole hundred, then convert back to USD and round up.

5. Winning Rules

If your bid exceeds the reserve price and is the highest, you win the vehicle immediately. The winning amount is your final bid.

If your bid does not exceed the reserve price but is the highest, you can still win if the seller accepts your bid. The winning amount is your final bid.

The winning bid for each vehicle will be confirmed and displayed when the auction ends.

VIP privileges

Please complete and submit your account qualification information. Once your documentation is approved, you will receive a 90-day limited-time free membership (original price: $249). During the membership period, you will have free access to view all vehicles in the auction. Please note that the membership will automatically expire after 90 days.

Margin

The transaction deposit is used to ensure that both parties comply with the platform rules during the transaction. In the event of a breach of contract by the user, the deposit will be used to pay the penalty to the non-defaulting party and Cheyouduo according to relevant regulations.

The minimum recharge amount for the deposit is USD 500. If the available balance of the deposit is less than USD 500, bidding on vehicles will not be allowed.

At the end of the bidding, USD 100 will be frozen from the winning buyer's account upon placing an order.

If the buyer successfully completes the transaction after placing the order, the deposit will be automatically released upon transaction completion. If either party breaches the contract after placing the order (as determined by the platform), the corresponding penalty will be deducted from the defaulting party, and compensation will be paid to the other party.

Default deduction

If a buyer fails to complete the order or causes order cancellation due to their own reasons after participating in an open auction, corresponding penalties will be applied:

1. Failure to Complete Payment:

If the buyer fails to make payment within 3 days after successful bidding, a penalty of 10% of the transaction price (minimum USD 500) will be deducted.

FAQs

1.Why is it safe to shop at Guazi.com?

(1) Strict Inspection and Transparent Presentation: Provide standardized services such as the "259-item professional inspection", covering vehicle structure, core components and accident history. Inspection results (including major accidents, water damage, fire damage, etc.) are clearly displayed in written reports to eliminate concealment of vehicle conditions.

(2) Comprehensive Transaction Guarantees: If inspection results are inconsistent with the actual vehicle condition (e.g., concealment of major issues), guarantees such as "return and refund" are provided to reduce purchase risks.

(3) Standardized Transaction Process: Vehicle sources are screened to ensure authenticity. Standardized contracts and transfer assistance are offered to clarify rights and responsibilities, reducing operational risks and disputes.

(4) Brand Endorsement and Reputation: As a leading industry brand, it has built credibility through long-term operations. Its inspection standards and guarantee policies have been market-verified, effectively addressing customers’ purchase concerns.

2.How do I handle the import in my country?

Guazi will arrange for your purchased product to be shipped to your final port of destination. The shipper in charge will provide you with all the standard documents required to release the product from your port, including 1 original Bill of Lading (B/L) document, 1 Commercial Invoice of the product, and 1 original inspection certificate (if any). Upon the product's arrival at your port, it becomes your responsibility to receive the car at the port and complete the necessary procedures. With the documents provided by Guazi, you or your designated clearing and forwarding agent will be able to release the product at your port.

3.What distinguishes a live auction from a sealed auction?

You make your best offer in private at a sealed auction; no one else can see it. The bid is one-time only. Every bid in a live auction is made in real time and is open to the public. If you want to remain in the running, you can see what other people are offering and decide to raise your bid.

4.Who is in charge of shipping and customs?

Once you've bought the car, we'll help you set up the schedule for getting it and shipping it. You will be in charge of clearing customs and picking up your car after it arrives at its destination. We provide the paperwork you need to make this last step go as smoothly as possible.