How do I pay for a used 20-ton excavator from China?
When buying a used 20-ton excavator from China, you can typically pay via T/T USD wire transfer, L/C through Bank of China, or Wise. The process involves a deposit to initiate the order, with the balance due before shipment. ExcaYard, a China used excavator export specialist based in Hefei, Anhui, sources, inspects, and ships pre-owned machines worldwide, ensuring a secure transaction.
Payment Methods Accepted
ExcaYard accepts three primary payment methods for used excavators: T/T (telegraphic transfer) in USD, L/C (letter of credit) through Bank of China, and Wise. T/T is the most common, typically requiring a 30% deposit to start the order, with the remaining 70% due before shipment. L/C is suitable for larger orders and offers bank-backed security, though it involves more paperwork and bank fees. Wise is a faster, lower-cost option for smaller amounts but may have transfer limits. All payments are in USD, and you will receive a commercial invoice and receipt.
Step-by-Step Payment Process
After selecting your used 20-ton excavator, ExcaYard provides a proforma invoice detailing the machine, price, and payment terms. You then send the deposit via your chosen method. Once the deposit clears, ExcaYard schedules the 150-point pre-shipment inspection, sharing photos and video. After inspection approval, you pay the balance. ExcaYard then arranges shipping and provides the bill of lading and other documents. The entire process from deposit to shipment typically takes 28-45 days.
Shipping and Logistics
ExcaYard offers FOB or CIF terms. For a 20-ton excavator, shipping methods include RoRo (roll-on/roll-off), container (flat-rack or standard), or flat-rack. Default ports are Shanghai, Ningbo, Qingdao, and Tianjin. CIF lead time is typically 28-45 days port-to-port. RoRo is often cost-effective for wheeled or tracked machines that can be driven, while container shipping may require disassembly. Flat-rack is ideal for oversized units. Indicative shipping costs vary by destination and method; for example, RoRo to Africa might range from $3,000 to $6,000, while container shipping could be $2,500 to $5,000. These are indicative ranges only.
| Factor | Typical Range/Details |
|---|---|
| Payment Methods | T/T USD wire, L/C via Bank of China, Wise |
| Deposit | Typically 30% of total price |
| Balance | Due before shipment |
| Shipping Methods | RoRo, container, flat-rack |
| CIF Lead Time | Typically 28-45 days port-to-port |
| Indicative Shipping Cost | Typically $2,500-$6,000 depending on destination and method |
Inspection and Certification
Every used excavator undergoes a 150-point pre-shipment inspection, including hours verification and paint-thickness checks. ExcaYard provides photos and video for your approval. They handle export certifications such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), and KEBS. These certifications ensure compliance with destination country regulations. Documentation includes commercial invoice, packing list, bill of lading, and certificate of origin.
Financing and Risk Management
For large purchases, consider an L/C through Bank of China, which protects both buyer and seller. T/T is faster but requires trust. ExcaYard's inspection process and documentation help mitigate risks. Always verify the machine's condition via the provided media before paying the balance. Payment in USD is standard; currency fluctuations may affect final cost. ExcaYard serves Africa, Southeast Asia, Middle East, Latin America, and CIS.
Frequently asked questions
Can I pay with a credit card?
No, ExcaYard accepts T/T, L/C, and Wise only. Credit cards are not accepted due to high fees and chargeback risks.
What if the machine fails inspection?
If the 150-point inspection reveals issues, ExcaYard will either rectify them or offer a replacement. Your deposit is refundable if no suitable machine is found.
How long does payment take to clear?
T/T usually clears within 2-3 business days. L/C may take 5-10 days depending on banks. Wise transfers are often same-day or next-day.
Ready to buy a used 20-ton excavator? Contact ExcaYard on WhatsApp at +86 193 9277 7259 for a quote and payment details. We guide you through every step, from inspection to shipping.
