How do I pay for a used XCMG excavator from China?
When buying a used XCMG excavator from China, you can pay via T/T (telegraphic transfer) in USD, an 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 and the balance before shipment. The exact terms depend on your location, order value, and preferred level of bank security.
Accepted Payment Methods
ExcaYard works with three main payment channels to suit different buyer needs. Each method has its own advantages and typical use cases.
- T/T (Telegraphic Transfer) in USD: The most common method for used excavator purchases. You wire funds directly to ExcaYard's bank account. Typically, a 30% deposit is required to start the inspection and export process, with the remaining 70% due before shipment. T/T is fast and straightforward, but bank fees may apply.
- L/C (Letter of Credit) through Bank of China: Ideal for larger orders or when you want bank-backed security. The L/C ensures payment is released only after specified documents are presented, protecting both buyer and seller. ExcaYard can work with your bank to open an L/C through Bank of China. This method involves more paperwork and bank charges but offers greater financial protection.
- Wise: A cost-effective option for smaller transactions or if you prefer a digital transfer service. Wise can be used for deposits or full payments, though it may not be suitable for very large amounts due to transfer limits.
Regardless of the method, all payments are in USD. ExcaYard will provide clear bank details and a proforma invoice before you initiate any transfer.
What Documents Are Involved?
Proper documentation is essential for a smooth transaction and customs clearance. ExcaYard provides the following standard export documents:
- Commercial invoice
- Packing list
- Bill of lading
- Certificate of origin
Depending on your destination country, additional certifications may be required. ExcaYard handles export certifications such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), and KEBS. These are arranged as part of the export process and ensure your machine meets local import regulations. For customs clearance questions, see this guide.
Inspection and Condition Verification
Before you pay the balance, ExcaYard performs a 150-point pre-shipment inspection on every used XCMG excavator. This includes photos and video, hours verification, and paint-thickness checks to confirm the machine's condition and authenticity. You receive a detailed report so you know exactly what you are buying. This inspection is a key step before final payment and shipping.
Shipping Methods and Lead Times
ExcaYard offers FOB or CIF terms. Shipping can be arranged via RoRo, container, or flat-rack, depending on the excavator's size and your budget. Default ports of loading are Shanghai, Ningbo, Qingdao, and Tianjin. Typical CIF lead time is 28-45 days port-to-port. The table below summarizes key factors that affect payment and shipping.
| Factor | Details | Impact on Payment/Shipping |
|---|---|---|
| Payment method | T/T, L/C, Wise | T/T requires deposit + balance; L/C adds bank security; Wise for smaller amounts |
| Inspection | 150-point with photos/video | Completed before balance payment; ensures condition |
| Certifications | SONCAP, SABER, PVoC, GSA, KEBS | Required for certain destinations; arranged by ExcaYard |
| Shipping method | RoRo, container, flat-rack | Affects cost and lead time; RoRo often cheaper for larger machines |
| Lead time | 28-45 days port-to-port | Typical CIF timeframe after payment and documentation |
| Port of loading | Shanghai, Ningbo, Qingdao, Tianjin | Determines shipping schedule and freight rates |
Step-by-Step Payment Process
- Inquiry and quotation: Contact ExcaYard via WhatsApp or email with your requirements. You receive a proforma invoice with price, payment terms, and estimated shipping.
- Deposit payment: Typically 30% via T/T or as agreed. This initiates the inspection and export preparations.
- Inspection and documentation: ExcaYard performs the 150-point inspection, shares photos/video, and prepares export documents and certifications.
- Balance payment: Pay the remaining 70% before shipment. If using L/C, the bank releases payment upon document presentation.
- Shipping and delivery: ExcaYard arranges shipping from the chosen port. You receive the bill of lading and other documents for customs clearance.
For destination-specific shipping advice, see shipping a used XCMG excavator to South Africa or shipping to Kenya.
Frequently asked questions
Can I pay the full amount upfront?
Yes, you can pay 100% via T/T before shipment. However, most buyers prefer a deposit-balance structure to align with inspection milestones.
Is L/C available for all buyers?
L/C through Bank of China is available, but it depends on your bank's willingness and the order value. ExcaYard can guide you through the process.
What if I need to cancel after paying the deposit?
Terms are outlined in the proforma invoice. Typically, the deposit covers inspection and preparation costs, so it may be non-refundable. Discuss any concerns before payment.
Ready to proceed? Contact ExcaYard on WhatsApp at +86 193 9277 7259 to discuss payment and shipping for your used XCMG excavator.
