We make every attempt possible to accommodate our clients' payment needs with flexible payment terms. We are wholesalers, and as such, we look to move large volumes of vehicles through cash in advance or letters of credit that take into consideration our inventory turnaround requirements.
For letters of credit we require the following terms
- LCs have to be irrevocable and payable once documentation is presented that shows the goods were shipped by the date specified in the LC
- The cost of the LC and any other documents such as inspection certificates, certificates of origin, etc. are covered by the buyer
- Our prices reflect EXW prices and payment extension premiums, and we don't charge for any document preparation
We do not handle the following types of transactions
- Sales on consignment
- Documentary drafts
- Letters of credit on sight
Questions about pricing with a letter of credit? Contact our sales team and we will prepare a quote for your order and destination.
Ready to place an order?
Payment by cash in advance or irrevocable LC — we'll confirm terms for your shipment.