Korea Auto Auctions - Online | How to buy a car at an auction in Korea?

The Korean automotive industry in a fairly short time was able to reach unprecedented heights. If back in the 50s and 60s there were a very small number of cars brought from the USA in the country, then ten years later world-famous companies began to appear: Hyundai, Kia, Daewoo, which we wrote about on the pages of our Vodi website. su.

In Russia, Korean cars are in great demand today. True, there is a small problem - for example, budget KIA models that are offered by Moscow car dealerships are, as a rule, produced not in South Korea, but at factories in Kaliningrad, Ust-Kamenogorsk (Kazakhstan), Slovakia or Turkey. And their cost is higher than in Korea itself.

Many people would dream of buying Korean cars assembled in Korea itself. In addition, in Korea, as in Russia, right-hand traffic, that is, cars are left-hand drive, and not right-hand drive, as in Japan. Well, a significant plus is that South Korea has good roads, and people often buy new cars, respectively, used cars are put up for sale at various auctions or on car sales portals.

Auctions and bulletin boards in South Korea

If you decide to buy a car from Korea, then it is not necessary to go there, since there are a large number of trading platforms and auctions. Also in Russia you can find intermediary companies that offer their services for the search, purchase and delivery of cars in Russia. Some of these companies will also help you with buying cars at auctions in Japan and the USA.

The largest marketplace in South Korea - SK Encar. This is not an auction, but a used car sales company with over 30 branches across the country. SK Encar also has an official website where you can analyze prices and choose the options that suit you.

SK Encar is engaged in the supply of used cars, motorcycles and special equipment, the company also supplies spare parts for any equipment. More than 100 vehicles are sold on average per year.

The price level is impressive - for example, if we compare prices in Moscow and Korea for Solaris, which is nothing more than a version of Accent New specially adapted for Russian conditions (and it is assembled in St. Petersburg), we will see:

• a new Hyundai Solaris with an automatic transmission in the Elegance configuration costs 640 rubles ($10) in Moscow;
• the original Accent with a mileage of 30-40 thousand and in the same configuration costs from $ 6 for SK Encar.

That is, if we add delivery, all customs duties and commissions (approximately 3 thousand USD for everything together), then we still win. Although experienced drivers are ready to overpay a certain amount, just to buy a really high-quality car.

You can order a car directly on the SK Encar website, the process itself consists of several steps:

• choose a car on the site;
• confirm the order;
• print out a receipt, transfer money through a bank to a company account;
• the car passes inspection at a parking lot in Korea and is loaded onto a ship;
• all documents come in a separate package;
• go through customs and get your purchase.

All customers enter into official contracts with the company, and only registered users can make purchases. When placing your order, the sum of all services is immediately calculated: the car itself, the commission, the cost of delivery and customs.

You can find intermediaries in Russia - Carwin, Kimura, Topcars, Fukasawa - who will help you buy a car from Korea on SK Encar.

There are also auctions in Korea in the usual sense of the word. The largest and most famous of them - Seoul Car Auction (Seoul Auto Auction or SAA). This marketplace has the largest parking lot in Seoul, selling about three thousand cars a week. Each car is assigned its own number, the auction sheet indicates its entire history.

Trading takes place in the usual mode, there is also an online version.

To buy a car, you need:

• register on the site or contact an intermediary;
• choose a car;
• confirm their intentions by transferring a deposit (deposit) to the account of the auction;
• the selected or similar car will be booked, you will be informed of its full cost and the amount of any additional costs;
• you transfer money and wait for your car in Vladivostok (or in your city if you bought through an intermediary).

Other auctions work in the same way:

• HKAA - Hyundai-KIA Auto Auction;
• GM-Daewoo Auto Auction.

At NKAA, trading takes place on Tuesday (NKAA2) and Friday (NKAA1). Up to a thousand cars are sold in one visit. GM-Daewoo sells on Wednesdays.

Hyundai Glovis Auto Auction - another trading platform, which is a division of the logistics company Hyundai Glovis. There are representative offices in Russia, you can also register on the auction site.

To participate in the auction you need:

• apply for registration (fill out the form on the site);
• after confirmation, make an entrance fee and a deposit;
• complete a short training course and start trading.

Only those who have a car business or who is an official dealer can participate in the auction. A deposit of 3 million won ($3000) is included in the cost of a future purchase, and an annual fee of 250 won ($000).

Video review of the Seoul car auction.

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