Payment Timing and Methods
When to pay, how to pay.Payment Timing and Methods
We accept two forms of payment; Cryptocurrency (*preferred) and Wire/Bank transfers. All DriftandDrive payment transactions are processed through Coinbase Commerce, as it is the most secure, trusted, and regulation compliant merchant service provider. During the vehicle acquisition and importation process, our clients must make 4 major payments.
When: Retainer paid when D&D receives clients Purchase Order Form and client has signed Drift&Drive's purchasing agreement.
Cost: $2500.00
Notes: With D&D Tier 1 Service, this will be used towards vehicle cost . With D&D Tier 2 Service, this will be used towards customs clearance and domestic hauling.
Vehicle + FOB Cost : FOB = Free on Board. This is the total price paid for the vehicle plus our Auction Specialists fee.
When: Payment is requested after customer’s vehicle has been won at auction.
Cost: The winning/final bid of the customers requested vehicle in addition to the Auction Specialist fee ($870.00)
Payment Deadline: Must be paid within 48 hours of the winning bid. Failure to pay within time frame will result in a late fee of $100.00 per day past deadline
Notes: In most cases Japanese payment terms are quite strict meaning the FOB invoice must be paid to Japan within 48 hours of the vehicle purchase. If this will not be possible it is very important Drift&Drive is told in advance, so we can make alternative arrangements as a short remittance period is the norm in Japan.
When: Payment is made after vehicle + FOB has been received and paid to Auction.
Cost: Tier 1 ($2000.00) or Tier 2 ($4000.00).
Payment Deadline: Must be paid within 72 hours after vehicle + FOB cost has been paid to auction. Failure to pay within time frame will result in a late fee of $100.00 per day.
When: Payment is requested after Drift&Drive Service Fee has been received.
Cost: This is dependent on vehicle dimensions and monthly M3 rate.
Payment Deadline: Must be paid within 72 hours after vehicle cost has been paid to auction. Failure to pay within time frame will result in a late fee of $100.00 per day past.
Notes: Ocean freight reservation is included with D&D Tier 2 Service
