Terms and Conditions

Vehicle Purchase Terms and Conditions

By utilizing the services of Zervtek Co. Ltd, you acknowledge and agree to be bound by the following terms and conditions, whether you have read them or not.

  1. Vehicle Sourcing and Condition

    Please note that auction cars and dealer lot cars are not in the possession of Zervtek Co. Ltd. The assessment of auction cars and the writing of auction sheets are conducted by the auction house staff and are not directly related to Zervtek Co. Ltd. While Zervtek Co. Ltd can arrange for a third-party vehicle inspector to conduct an additional inspection of an auction vehicle at your request, this will provide you with additional photos and videos. However, Zervtek Co. Ltd will endeavor to ensure the accuracy and reliability of the information provided but cannot offer any warranty or guarantee regarding the vehicle's condition. Purchases are made based on the buyer's discretion and assessment of the provided information.

  2. Service Deposit

    To secure our services, a deposit is required. A 100,000 yen deposit covers up to a 2.5 million yen bid for a single vehicle. If the intended bid amount exceeds 2 million yen, an additional 10,000 yen for every 500,000 yen is required. If a customer requests a refund of the deposit, Zervtek Co. Ltd will return your money in full, less the cost of the bank transfer, PayPal, and inspection fees incurred up to the point of cancellation.

  3. Bid Withdrawal and Cancellation

    Your bid is based on the information available at the time of the bid and is your decision to proceed with. If you choose to withdraw your bid for any reason, we will make every effort to accommodate your request. However, if the bid deadline has passed and the bid cannot be withdrawn, or if a bid is successful and you subsequently choose to cancel, you will be responsible for any applicable cancellation fees, including but not limited to the cancellation fee specified below, and any losses incurred by Zervtek Co. Ltd as a result of the cancellation.

  4. Auction Re-Entry and Cancellation Fee

    In case you decide to re-enter a vehicle into an auction after a successful win, you will be charged a cancellation fee of 40,000 yen. This fee covers the cost of time and labor involved with re-entry, as well as other additional costs (inland transport, auction fees, storage fees, etc.). The net proceeds from the resale (sale price minus purchase price and costs) will be evaluated for a profit or loss. If a profit is made on the resale at auction, the profit will be shared 50/50 between you and Zervtek Co. Ltd. In the event of a loss, you are responsible for covering the shortfall.

  5. Transportation and Storage

    You are responsible for any and all additional inland transportation costs that may occur for various reasons, including but not limited to the vehicle's condition or logistical challenges. Zervtek Co. Ltd will provide detailed invoices for any additional transportation costs incurred on your behalf.

    Similarly, you are also responsible for any additional storage costs that may accrue at the export yard, beyond the 45 days of free storage provided by Zervtek Co. Ltd. Storage will be charged at a rate of 500 yen per day over the allotted free time, and detailed invoices will be provided for any such charges.

  6. Importation and Registration Fees

    You are responsible for any and all fees associated with the importation and registration of the vehicle in the destination country. Zervtek Co. Ltd will provide assistance in understanding these requirements, but the final responsibility lies with you, the buyer.

  7. Order Cancellation

    Zervtek Co. Ltd reserves the right to cancel any order or refuse service to any customer at any time and for any reason, with a full refund of any deposits made less any costs incurred by Zervtek Co. Ltd up to the point of cancellation.

  8. Governing Law and Dispute Resolution:

    These terms and conditions shall be governed by and construed in accordance with the laws of Japan. In the event of a dispute, parties agree to seek an amicable resolution through mediation before resorting to litigation.

By using the services of Zervtek Co. Ltd, you acknowledge that you have read and understood these terms and conditions and agree to be bound by them. If you do not agree to these terms and conditions, you should not use the services of Zervtek Co. Ltd.