General

How to pay a Chinese used car supplier safely?

How to pay a Chinese used car supplier safely?
Quick Answer

Pay against clear terms and verifiable company details: confirm the company and bank account, keep the contract and invoice, and use T/T or L/C rather than informal channels.

Pay against clear terms and verifiable company details: confirm the company and bank account, keep the contract and invoice, and use T/T or L/C rather than informal channels. A deposit with the balance before shipment is standard.

Paying safely

  • Verify the company and bank account.
  • Keep the contract, invoice and PO reference.
  • Use T/T to a company account or L/C.
  • Start small with one car to test the relationship.

Red flags

Requests to pay a personal account, pressure to pay without documents, or prices far below market. See the FAQ or discuss terms.

Topic: General
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