An Overview of the Vehicle Surplus from Japan in the Philippines
With the current economic condition in the Philippines, the price range of commodities constantly increases and doesn’t seem to show any sign of lowering.
Acquiring assets like properties are getting more difficult each passing year with the rapid increase of prices.
Similarly, buying heavy-duty vehicles such as trucks almost seems impossible due to the price that seems to be as high as the trucks themselves.
Due to the current economic state of the country, more individuals and companies are inclined to purchase vehicles that were surplus from Japan to the Philippines.
Japanese surplus store commonly sells furniture and novelty items from the land of the rising sun. But, for quite some time now, various kinds of vehicle and automobiles have made their way into the surplus market.
If you want to know more about the influx of vehicles that were surplus from Japan to the Philippines, then keep on reading because everything about the vehicle surplus will be discussed.
What Is an Automotive Surplus?
As an economic term, a surplus pertains to the excessive release or production of asses such as profits, income, capital, and most commonly goods.
In terms of the law of supply and demand, it means that the inventory of supply has exceeded the quantity of demand of the consumers. More often than not, these surplus goods can no longer be returned to the original seller for a refund.
The similar concept applies to the production and selling of vehicles as more and more cars are manufactured and released to the market, yet the sales rate is significantly lesser, an influx of surplus will surface. Basically, as the vehicles and their components are completely manufactured and out of the factory, the dealers are then obliged to pay for the number of vehicles they purchased.
As much as possible the manufacturers no longer involve themselves with the selling aspect. Although, there are some particular manufacturing companies that still play a small part in the selling of the vehicles. As much as possible the manufacturers no longer involve themselves with the selling aspect. Although, there are some particular manufacturing companies that still play a small part in the selling of the vehicles.
And when dealers don’t sell much, the remaining unsold cars, the vehicles are then considered to be surpluses.
Consequentially, these models will then be sold at a lower price since by the time that these cars are categorized as surpluses and sold, newer models are already released.
Why Is There a Surplus of Vehicles from Japan?
The practice of ordering and purchasing affordable vehicles online are becoming rampant among individuals. These vehicles are offered at a lower price because these are either second hand or vehicle surplus from Japan to the Philippines.
Japan has been exporting their vehicle surplus to the Philippines and to other countries in the world for a significant amount of time now.
The export of various vehicle surplus of Japan to the Philippines can be attributed to various economic conditions in Japan, such as the following:
Japan Has a Stable Economy
As the country with the third largest economy in the entire world, Japan’s large-scale economy enables the various vehicle manufacturing company to market their vehicles at a significantly lower price.
The Price of the Vehicles in Japan Are Affordable
Basically, the prices of the different vehicles in Asia are relatively cheaper compared to those in other continents. And the prices of vehicles in Japan are even lower than compared to its neighboring countries. In fact, cars in Japan are the most affordable when compared to the pricing of the automobile industry of other Asian countries.
Such economic set up enables the people from Japan to upgrade their personal car to an even newer model as these are released. Once a Japanese individual purchases a newer vehicle model, the previous vehicle will then have to be sold at a lower price range.
Eventually, as people from Japan continue to buy newer car model and then sell the older ones, the inventory of used cars is slowly growing and sold domestically or even internationally at an exceedingly low price.
Japan Has a Unique System of Loaning Money for Vehicles
The loaning system in Japan is fairly complex. But basically, the system allows an individual to buy a vehicle for about half of the original price rate.
Due to the huge price deduction that has been primarily provided by the loaning system, the possible resale value of the vehicle is even more lowered.
After a few years of usage, an individual will buy a newer car model through the same process; thus, further increasing the country’s inventory of already used vehicles.
Vehicle Manufacturers Frequently Produces Newer Models
Japan is well known for its superiority in terms of technological innovation and advancements.
The same level of competency and innovation is applied in the automotive industry.
Due to the competition among the various automotive companies, new models are often released with advanced features. But, despite the brand-new features present in the newer models, the added innovation does not leave the previous models to be obsolete or considered to be “out models”.
High Cost of Dumping
Despite the growing number of second-hand vehicles in Japan, merely dumping cars is not an option due to the high-cost service charges for throwing away a vehicle.
Such cost is not a cost-effective means of disposing of pre-owned vehicles; thus, vehicle owners just opt to sell their cars. Doing so will effectively dispose of the vehicle without the need to shell out unnecessary payment.
Are Japanese Vehicles Quality Products?
It is only normal for consumers to want to ensure the quality of the products before purchasing an investment. This is even more so evident for those who will be purchasing second-hand or goods labeled as surplus products, like the sold vehicle surplus from Japan in the Philippines.
Despite the label “surplus goods”, interested buyers need not worry about the qualities of these pre-loved vehicles.
Strict Implementation of Policies for the Environment
Japan has exhibited their concern for the environment through the various innovations, especially the machinery, that they develop.
Such environmental concern is evident most especially among the manufactured vehicles they export.
The engines of these cars are designed to be environmentally friendly and to lessen the carbon emission in the environment.
Low Level of Depreciation in Terms of Value
One trait that has been part of the culture of citizens in the Eastern countries is their nature of being careful with their possessions, especially those that are considered to be investments.
Which is why the vehicles that were sent as surplus from Japan to the Philippines are in excellent quality.
Even though the car is old in age, it’s quality and performance is not far off from when it was still considered as a brand new model.
The Vehicles Are Evaluated Before Shipped
There is a non-profit organization in Japan, named the Japanese Auto Appraisal Institute (JAAI) that assess every part and facets of vehicles exported outside of the country, especially the second-hand vehicles.
The members of the organization are trained mechanics who are highly knowledgeable in the field of automotive and they evaluate and secure that the vehicles are in excellent condition and can be exported.
Even the small components of the vehicles like the lock of the steering wheel and even the brakes and the other sub-systems are checked and evaluated.
Benefits of Surplus Vehicles from Japan
Just because these vehicles were imported as surplus from Japan to the Philippines, that does not immediately register these imported goods as low-quality products that do not yield any benefits to the consumer.
These various types of vehicles that are labeled as surplus from Japan to the Philippines can also provide numerous benefits to the consumers.
Affordable Price Range- Due to the large economic scale in Japan, vehicle manufacturers can still profit despite offering a low selling price. The price of the vehicles lowers further since some are already considered to be pre-loved vehicles.
Assured Quality – Those imported vehicles that are considered as surplus from Japan and into the Philippines are assessed and evaluated for the level of quality before the vehicles were exported and sold.
Large Inventory of Supply – As automotive companies design and produce newer models the inventory of pre-loved vehicles constantly expands.
Such condition can provide consumers with a wide variety of vehicle choices.
Great Condition- Despite the usage of the vehicles, vehicles from Japan still retains their exemplary quality.
This is primarily due to the road-worthiness assessment and inspection in Japan called “Shaken” that monitors if vehicles are well maintained and are safe to use for driving.
A brand-new car will be inspected three years after purchase, and afterward, the assessment is done every two years.
In addition, the smooth roads in Japan prevent any possible strain inflicted on the different components of the vehicles.
High Standards- Japanese vehicle owners take extra effort in maintaining and caring for their vehicles and its various components.
Bonus Equipment- Special extra features like alloy wheels and navigational systems are considered to be merely additional. On the other hand, these features are already common to Japanese cars.
What Aspects to Consider Before Buying Imported Vehicles from Japan
Even though the various imported vehicles that are considered to be surplus from Japan to the Philippines are labeled as “surplus”, these vehicles are still considered as investments. Despite the lower price range of these vehicle surpluses compared to the full price of vehicles, buying one will still require a significantly large sum of money.
In order to ensure that buyers will get the most out of their money when buying vehicles that are considered to be surplus from Japan in the Philippines here are some guidelines to follow.
Know What Features That You Want
This tip is applicable to any investment that costs for a significant amount of money.
Doing so have two benefits in the search for the best vehicle surplus from Japan in the Philippines- Knowing the various ideal features for a vehicle can speed up a consumer’s search for the best second hand or vehicles in the Philippines that are surplus from Japan.
By knowing one’s preference for a vehicle, it will also be easier to choose the most fitting vehicle for one’ lifestyle.
At the same time, a consumer who know his or her preferred specification is not susceptible to being swayed by salespeople to choose the most expensive piece.
Set a Budget- By setting a strict budget, not only will it help cut down the list of possible choices but also ensure that the consumer has control over the financial aspect of the transaction.
With a pre-indicated budget, a consumer must strictly follow it and choose a vehicle that will not go over the budget.
Don’t Choose the Oldest Model- Older vehicle models tend to be more enticing compared to the more recent ones due to their unbelievable price range.
But, despite the extremely cheap price tag, remember that such models will have lesser driving mileage.
In addition to that, older models are more susceptible to damage; thus, resulting to further added payment for repair.
Inspect Both the Exterior and Interior of the Vehicle – Despite the fact that these vehicles have already been screened and evaluated, a fresher set of eyes will be able to immediately detect any visible issues with the exterior and interior areas.
Test Drive the Vehicle
Never hesitate to ask if test driving of the vehicles is allowed.
When purchasing vehicles, it is highly advised that consumers test it out primarily most especially since these will be imported from Japan.
Choosing the Best Trucks from Japan with Autokid
Finding the best surplus vehicle from Japan that is in close to the pristine condition may be difficult to achieve in the Philippines, this is even more so difficult for those who are specifically looking for trucks.
Luckily, Autokid has the best selection of surplus trucks that are still in excellent shape and has retained their qualities from when they were still brand-new vehicles. Vehicles such as Isuzu trucks in the Philippines, as well as other names such as Howo Philippines and Shacman Philippines are guaranteed to be great
Autokid has more to offer than just imported trucks that are considered as surplus from Japan to the Philippines. In addition to trucks that are excellent condition, Autokid also offers high-quality equipment trucks like concrete pump trucks and mixer trucks.
If you are searching for trucks that are surplus from Japan to the Philippines, then look no further!
Autokid has everything that you could ever need when it comes to trucks and the numerous components that it has. If you want to know more information about Autokid and the numerous trucks that we offer, just visit our website.
Feel free to contact our team for a consultation on what could be the best truck for you!
Remember, here at Autokid, we provide the best truck solutions.