Nichibo - AutoAdvance

By: Nichibo  06-Dec-2011

** Please note AutoAdvance is currently available for New Zealand based clients only. **

Auto Advance Finance is a wholly owned subsidiary of Nichibo Japan Trading, created to help our clients with the funding of vehicles purchased ex Japan.

As a general rule, we require customers to reliably trade on standard FOB terms (payment prior to delivery) for a period of at least six months before the extension of Auto Advance credit can be considered.

Auto Advance provides credit to Dealers from the date of purchase through to when the vehicle is sold, or up to a maximum of six months from shipment date. To avoid exposure to FX risk, from the time of purchase to the time you pay, vehicles are invoiced in New Zealand dollars, automatically converted from their yen FOB value, using the advertised exchange rate on the day of purchase which is displayed on Auto Search when you log on.

If a vehicle is not sold within six months of shipment date, the balance must be repaid to Nichibo. Interest is charged at the end of each month on the daily balance outstanding.

If you have any questions or concerns please feel free to contact us at anytime.

PO BOX 137-252
PH: (09) 374-4436
FAX: (09) 374-4435

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