How do I pay for a used Hyundai excavator from China?
You can pay for a used Hyundai excavator from China via T/T USD wire transfer, L/C through Bank of China, or Wise. ExcaYard, a China used excavator export specialist based in Hefei, Anhui, accepts these methods and handles the entire export process, including a 150-point pre-shipment inspection and all necessary certifications. Below is a comprehensive guide to help you navigate payment, inspection, shipping, and more.
Payment Methods Accepted by ExcaYard
ExcaYard offers flexible payment options to suit different buyer preferences. The most common methods are:
- T/T USD wire transfer: A direct bank transfer in US dollars. This is the fastest and most straightforward method. You will receive ExcaYard's bank details after confirming your order.
- L/C through Bank of China: A letter of credit issued by your bank and confirmed through Bank of China. This method provides security for both parties, as payment is released upon presentation of compliant documents. It is ideal for larger transactions.
- Wise: An online transfer service that can be cost-effective for smaller amounts. However, confirm with ExcaYard before using Wise, as transaction limits may apply.
All payments are in USD. ExcaYard does not accept cash or credit cards. For specific instructions, contact the export desk via WhatsApp at +86 193 9277 7259.
Step-by-Step Payment Process
To ensure a smooth transaction, follow these steps:
- Select your machine: Browse available used Hyundai excavators on ExcaYard's machine listings or request a specific model.
- Receive a proforma invoice: ExcaYard will issue a proforma invoice detailing the machine, price, and payment terms.
- Arrange payment: Choose T/T, L/C, or Wise. For T/T, you will receive bank details; for L/C, coordinate with your bank.
- Confirm payment: Once funds are received, ExcaYard will confirm and proceed with the 150-point inspection.
- Inspection and documentation: After inspection, ExcaYard prepares export documents and books shipping.
- Shipping and delivery: The machine is shipped, and you receive tracking details.
Note: For L/C, ensure all terms are agreed upon before issuance to avoid delays.
Inspection and Condition Verification
Every used Hyundai excavator undergoes a 150-point pre-shipment inspection. This includes checking the engine, hydraulics, undercarriage, and electrical systems. ExcaYard provides photos and video of the inspection, along with hours verification and paint-thickness checks to confirm the machine's condition. This transparency ensures you know exactly what you are paying for.
If you wish to visit the yard in Hefei before buying, you can arrange a visit to inspect the machine in person.
Shipping Methods and Lead Times
ExcaYard offers FOB or CIF terms. Shipping methods include RoRo (roll-on/roll-off), container, or flat-rack, depending on the machine size and destination. Default ports are Shanghai, Ningbo, Qingdao, and Tianjin. Typical CIF lead time is 28-45 days port-to-port.
| Shipping Method | Best For | Indicative Cost Range | Transit Time |
|---|---|---|---|
| RoRo | Standard excavators | Typically $1,500-$3,500 | 28-45 days |
| Container | Small to mid-size | Typically $2,000-$4,500 | 30-50 days |
| Flat-rack | Large or oversized | Typically $3,000-$6,000 | 30-50 days |
These are indicative ranges; actual costs depend on port, season, and machine dimensions. For a precise quote, contact ExcaYard.
Documentation and Certifications
ExcaYard handles all export documentation, including commercial invoice, packing list, bill of lading, and certificate of origin. Additionally, they manage certifications such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), and KEBS. These are essential for customs clearance in your country. Ensure you provide accurate import details to avoid delays.
Frequently asked questions
Can I pay with a credit card?
No, ExcaYard does not accept credit cards. Payment is via T/T USD wire, L/C through Bank of China, or Wise.
Is a deposit required?
Yes, typically a deposit is required to initiate the order, with the balance due before shipping. The exact terms are outlined in the proforma invoice.
How long does payment processing take?
T/T transfers usually clear within 1-3 business days. L/C may take longer depending on banks. Wise transfers are often same-day but confirm with ExcaYard.
Ready to buy a used Hyundai excavator? Contact ExcaYard on WhatsApp at +86 193 9277 7259 for personalized assistance. We serve Africa, Southeast Asia, the Middle East, Latin America, and CIS countries.
