How do I pay for a used Volvo excavator from China?
When buying a used Volvo excavator from China, you can pay via T/T USD wire, L/C through Bank of China, or Wise. Most buyers choose T/T for speed and simplicity, while L/C suits larger orders requiring bank-backed security. ExcaYard, a China used excavator export specialist based in Hefei, Anhui, handles the entire process from inspection to shipping.
Payment Methods Accepted
ExcaYard accepts three main payment methods: T/T USD wire, L/C through Bank of China, and Wise. Each has trade-offs in cost, speed, and security.
- T/T (Telegraphic Transfer): A direct bank wire in USD. Typically the fastest and most common method. Funds usually clear within 1-3 business days. You pay a deposit (often 30%) to initiate the order, with the balance due before shipment.
- L/C (Letter of Credit): Issued through Bank of China. Provides a bank guarantee that payment is made only upon presentation of compliant documents (e.g., bill of lading, commercial invoice). Ideal for large orders or first-time buyers wanting extra protection. L/C setup takes longer and involves bank fees.
- Wise: A lower-cost international transfer service. Suitable for smaller amounts or buyers seeking competitive exchange rates. Funds typically arrive within 1-2 business days.
For all methods, the payment currency is USD. ExcaYard will provide clear bank details and a proforma invoice before you send funds.
What Documents Are Involved?
Payment is tied to documentation. After you pay the deposit, ExcaYard prepares a commercial invoice and packing list. Once the balance is settled, the bill of lading and certificate of origin are issued. These documents are essential for customs clearance in your country. For specific destinations, additional certifications may be required, such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), or KEBS. ExcaYard handles these certifications as part of the export process.
Inspection and Condition Verification
Before payment, you should be confident in the machine's condition. ExcaYard performs a 150-point pre-shipment inspection on every used Volvo excavator. This includes hours verification and paint-thickness checks to detect prior repairs or repainting. You receive photos and video documentation. This transparency helps you avoid surprises and ensures the machine matches its description. If you prefer, you can also arrange a third-party inspection.
Shipping and Lead Time
ExcaYard offers FOB or CIF terms. Shipping methods include RoRo, container, or flat-rack, depending on the excavator's size and your preference. Default ports are Shanghai, Ningbo, Qingdao, and Tianjin. Typical CIF lead time is 28-45 days port-to-port. The table below summarizes key factors affecting shipping and payment.
| Factor | Details | Impact on Payment/Shipping |
|---|---|---|
| Payment Method | T/T, L/C, Wise | T/T fastest; L/C adds bank security but slower |
| Deposit | Typically 30% | Required to start order; balance before shipment |
| Shipping Method | RoRo, container, flat-rack | RoRo often cheaper for roll-on; container for smaller machines |
| Lead Time | 28-45 days (CIF) | Port-to-port; varies by destination and vessel schedule |
| Certifications | SONCAP, SABER, PVoC, GSA, KEBS | Required for certain countries; may affect timeline |
Step-by-Step Payment Process
- Select your machine: Browse ExcaYard's inventory of used Volvo excavators. Confirm availability and specifications.
- Receive proforma invoice: ExcaYard issues a proforma invoice with price, payment terms, and bank details.
- Pay deposit: Send typically 30% via T/T, L/C, or Wise. For L/C, your bank issues the letter of credit through Bank of China.
- Inspection and documentation: ExcaYard completes the 150-point inspection, shares photos/video, and prepares export documents.
- Pay balance: Settle the remaining amount before shipment. For L/C, payment is triggered upon document presentation.
- Shipping and delivery: ExcaYard arranges shipping (RoRo, container, or flat-rack) from a Chinese port. You receive the bill of lading and certificate of origin for customs clearance.
Throughout the process, ExcaYard communicates via WhatsApp and email. You can reach them at WhatsApp +86 193 9277 7259 or yuhua0095@gmail.com.
Frequently asked questions
Can I pay with a credit card?
No, ExcaYard accepts T/T USD wire, L/C through Bank of China, and Wise. Credit cards are not accepted due to transaction limits and fees.
Is a deposit required?
Yes, typically a 30% deposit is required to initiate the order. The balance is due before shipment. Exact terms are confirmed on the proforma invoice.
What if I need a certification like SONCAP or SABER?
ExcaYard handles export certifications such as SONCAP, SABER, PVoC, GSA, and KEBS. These may add time to the process, so discuss requirements early.
Next steps
Ready to buy a used Volvo excavator from China? Contact ExcaYard on WhatsApp at +86 193 9277 7259 to discuss payment, inspection, and shipping. You can also visit our machines page to view available stock or explore more answers for common buyer questions.
