How do I pay for a used Doosan excavator from China?
When buying a used Doosan excavator from China, you can pay via T/T (telegraphic transfer) in USD, L/C (letter of credit) through Bank of China, or Wise. ExcaYard, a China used excavator export specialist based in Hefei, Anhui, typically requires a deposit to initiate the order, with the balance due before shipment. All machines undergo a 150-point pre-shipment inspection with photos and video, and we handle export certifications like SONCAP, SABER, PVoC, and GSA as needed.
Payment Methods Accepted by ExcaYard
ExcaYard offers three primary payment methods for used Doosan excavators, each with its own advantages and considerations.
T/T (Telegraphic Transfer) in USD
T/T is the most common and straightforward method. You wire USD directly to our bank account. Typically, we require a 30% deposit to confirm the order and reserve the machine. The remaining 70% balance is due before shipment, once you have reviewed the pre-shipment inspection report and photos. T/T is fast and widely used in international trade, but bank fees may apply on both ends.
L/C (Letter of Credit) through Bank of China
For larger orders or if you prefer added security, we accept L/C through Bank of China. An L/C ensures payment is released only upon presentation of compliant documents, such as the bill of lading and commercial invoice. This method involves more paperwork and bank charges, but it protects both buyer and seller. L/C terms must be agreed upon before order confirmation.
Wise
Wise (formerly TransferWise) can be used for smaller payments or deposits. It often offers competitive exchange rates and lower fees for international transfers. However, confirm with our export desk that Wise is suitable for your specific order, as some banks may have restrictions.
Step-by-Step Payment Process
- Select your machine: Browse available used Doosan excavators on our machines page or contact us with your requirements.
- Receive a quotation: We provide an indicative price and shipping options (FOB or CIF).
- Agree on terms: Confirm payment method, deposit percentage, and balance due date.
- Pay deposit: Send the deposit via T/T, L/C, or Wise to initiate the order.
- Inspection: We perform a 150-point inspection and share photos and video with you.
- Pay balance: After your approval, pay the remaining balance before shipment.
- Shipping and documents: We arrange shipping and provide commercial invoice, packing list, bill of lading, and certificate of origin.
Inspection and Condition Verification
Every used Doosan excavator undergoes a rigorous 150-point pre-shipment inspection. This includes hours verification and paint-thickness checks to ensure the machine's condition matches its description. We provide photos and video so you can see the excavator before paying the balance. This transparency reduces risk and ensures you get what you pay for.
Shipping and Lead Times
We ship worldwide from default ports Shanghai, Ningbo, Qingdao, and Tianjin. You can choose FOB or CIF terms. Shipping methods include RoRo, container, or flat-rack, depending on the machine's size and your destination. Typical CIF lead time is 28-45 days port-to-port. For example, shipping a used Komatsu 20-ton excavator to Kenya follows similar logistics; see our Kenya shipping guide for reference.
Certifications and Documentation
We handle export certifications required by your country, such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), and KEBS. These ensure your excavator clears customs smoothly. Standard documentation includes commercial invoice, packing list, bill of lading, and certificate of origin. We also assist with any additional paperwork your local authorities may require.
Factors Affecting Price and Payment
| Factor | Impact on Price/Payment |
|---|---|
| Machine condition and hours | Lower hours and better condition typically command higher prices; affects deposit amount. |
| Model and year | Newer models and popular sizes (e.g., 20-ton) may have higher demand and price. |
| Shipping method | RoRo, container, or flat-rack have different costs; CIF includes shipping, FOB does not. |
| Destination and duties | Import duties and taxes vary by country; not included in our price. |
| Certifications required | Additional certification costs may apply for SONCAP, SABER, etc. |
| Payment method | L/C involves bank charges; T/T may have wire fees; Wise often lower fees. |
Frequently asked questions
Can I pay the full amount upfront?
Yes, you can pay the full amount via T/T or L/C. However, we recommend a deposit and balance structure to allow for inspection and approval before final payment.
Is my payment secure?
We use reputable banks and provide all necessary documents. For L/C, Bank of China ensures payment is released only upon compliant documents. Always verify our bank details through official channels.
What if I need to cancel after paying the deposit?
Deposits are generally non-refundable once the order is confirmed and inspection has begun, as we reserve the machine and incur costs. Please discuss cancellation terms before payment.
Ready to buy a used Doosan excavator? Contact our export desk on WhatsApp at +86 193 9277 7259 for personalized assistance. We serve Africa, Southeast Asia, the Middle East, Latin America, and CIS countries. Let us help you find the right machine and handle the payment and shipping process smoothly.
