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Frequently Asked Questions
For individual vehicles, they are often sold to new car dealers at Hyundai and Kia dealerships when purchasing new cars, or through online platforms like Encar and heydealer. For corporate vehicles, they are either auctioned through their own public auction systems or sold at auto auction houses such as Hyundai Glovis, AutoHub and K-car.
In Korea, professional vehicle trading requires a business license or an export license.
Particularly for direct transactions from overseas, trading companies impose restrictionsdue
to the potential for order cancellations.
Therefore, it is common to purchase through licensed business holders in Korea.
In Korea, export transactions mainly utilize CFR (Cost and Freight), FOB (Free On Board),
and EXW (Ex Works) methods.
Many companies prefer EXW terms because they have export facilities in Korea.
However, some export buyers also opt for CFR or FOB terms after the goods are warehoused or
shown in Korea.
Generally, various fees apply depending on the method of sale and purchase price.
There are auction bidding fees (2.2%, min USD 150$ ~ max USD 300$), platform transaction
fees (approximately USD 200$ to USD 500$), and new car dealer referral fees (approximately
USD 200$ to USD 500$). Additionally, transportation fees are borne by the buyer.
Findcar has selected trusted appraisers to assist with vehicle purchases.
Once you review the detailed information of the appraiser you wish to transact with, you can
proceed by discussing the vehicle of interest and specific export conditions."