Rules & contract
Auction rules
- All prices, bids and offers are in Japanese yen (JPY). Other currencies are estimates only.
- Times are Japan time (JST). The server clock decides when an auction starts and ends.
- Live Auction: each bid is at least ¥5,000 above the current bid. Bids cannot be withdrawn.
- Live Auction: a bid in the last 2 minutes moves the end to 2 minutes after that bid.
- Live Auction: the car is sold only if the sale price is reached; otherwise it is re-auctioned.
- Offer Auction: offers are hidden; you may cancel your offer before the end; the highest offer wins (earliest wins a tie).
- Only approved bidders can bid. Approval follows registration and the deposit.
Deposit
Details are given when you register.
OLIAC Auto Auction — Terms for Bidders version 1
• Membership & Deposit: Users must register, complete screening, and pay a 50,000 JPY security deposit to participate in auctions.
• Contract Formation: Sales contracts are formed upon receiving a notification email from TAU.
• Payments: Due within 2 business days via bank transfer, credit card (1.9%–2.1% fee), or PayPal.
• Cancellations & Penalties: Late payments, contract cancellations, and delayed title changes incur penalties and temporary account suspension.
• Contract Formation: Sales contracts are formed upon receiving a notification email from TAU.
• Payments: Due within 2 business days via bank transfer, credit card (1.9%–2.1% fee), or PayPal.
• Cancellations & Penalties: Late payments, contract cancellations, and delayed title changes incur penalties and temporary account suspension.
Claims & penalties
The rules for claims and penalties will be published here.