How do I pay for a used Sany excavator from China?
When buying a used Sany excavator from China, you can pay via T/T (telegraphic transfer) in USD, a Letter of Credit (L/C) 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 settled before shipment. All transactions are backed by a 150-point pre-shipment inspection and full export documentation.
Payment Methods Accepted
ExcaYard accepts three primary payment methods for used Sany excavators:
- T/T (Telegraphic Transfer): A USD wire transfer directly to ExcaYard's bank account. This is the most common method, typically requiring a 30% deposit upon order confirmation, with the remaining 70% due before shipment.
- L/C (Letter of Credit): Arranged through Bank of China. This method offers added security for both parties, as payment is released upon presentation of compliant shipping documents. L/C terms are negotiable but usually require the buyer's bank to issue an irrevocable credit.
- Wise: For smaller amounts or buyers seeking faster, lower-cost transfers, Wise can be used. However, T/T and L/C remain the standard for large equipment purchases.
All payments are in USD. ExcaYard does not accept cash or cryptocurrency. Once payment is confirmed, the machine undergoes final inspection and preparation for shipping.
Step-by-Step Payment Process
To ensure a smooth transaction, follow these steps:
- Select Your Machine: Browse ExcaYard's available used excavators or contact the sales team to find a Sany model that meets your needs.
- Receive a Quotation: ExcaYard provides a detailed quotation including machine price, shipping costs (FOB or CIF), and any certification fees.
- Sign a Sales Contract: A contract outlines the machine details, price, payment terms, delivery time, and inspection rights.
- Pay Deposit: Send the deposit via T/T or open an L/C. ExcaYard typically requires 30% down to reserve the machine.
- Inspection and Documentation: ExcaYard performs a 150-point inspection with photos and video, verifies hours, and conducts paint-thickness checks. Export documents are prepared.
- Pay Balance: Settle the remaining balance before shipment. For L/C, the bank handles this upon document presentation.
- Shipping and Delivery: ExcaYard arranges shipping via RoRo, container, or flat-rack from Shanghai, Ningbo, Qingdao, or Tianjin. Typical CIF lead time is 28-45 days port-to-port.
Documents and Certifications
ExcaYard handles all necessary export certifications for used Sany excavators, including SONCAP for Nigeria, SABER for Saudi Arabia, PVoC for Kenya, Tanzania, and Ghana, GSA for Ghana, and KEBS. Standard shipping documents include:
- Commercial invoice
- Packing list
- Bill of lading
- Certificate of origin
These documents are essential for customs clearance in your destination country. Ensure your contract specifies which certifications are required, as fees may apply.
Shipping Methods and Lead Times
ExcaYard offers flexible shipping options:
| Shipping Method | Description | Typical Use | Indicative Lead Time |
|---|---|---|---|
| RoRo | Roll-on/Roll-off vessel; machine driven on/off | Ports with RoRo infrastructure | 28-45 days |
| Container | Machine loaded into 40ft container | Smaller excavators; door-to-door possible | 30-50 days |
| Flat-rack | Machine secured on open flat-rack | Larger excavators; flexible ports | 28-45 days |
Default ports are Shanghai, Ningbo, Qingdao, and Tianjin. CIF terms include shipping to your destination port; FOB requires you to arrange onward transport.
Inspection and Quality Assurance
Before payment, ExcaYard conducts a 150-point pre-shipment inspection covering all major systems. This includes:
- Engine and hydraulic system checks (see hydraulic system inspection details)
- Undercarriage and track condition
- Electrical and control functions
- Hours verification and paint-thickness checks to detect repaints or tampering
You receive a detailed report with photos and video. This transparency ensures you know exactly what you are paying for.
Frequently asked questions
Can I pay with a credit card?
No, ExcaYard does not accept credit cards. Payment is via T/T, L/C, or Wise in USD.
Is a deposit required?
Yes, typically a 30% deposit is required to reserve the machine and begin inspection and documentation.
What if I need shipping to a specific country?
ExcaYard ships worldwide, including Africa, Southeast Asia, Middle East, Latin America, and CIS. They handle certifications like SONCAP, SABER, and PVoC. For example, see shipping to Ghana for reference.
Next Steps
Ready to purchase a used Sany excavator? Contact ExcaYard via WhatsApp at +86 193 9277 7259 or email yuhua0095@gmail.com to discuss payment terms and get a quote. Their team will guide you through the process, from inspection to delivery.
