Letter of Credit
Minimize your risk with the Letter of Credit
Get your desired car in the easiest, fastest & most reliable way possible.
Minimize risk
Your payment is only released when the agreed conditions are fulfilled – your cash is never tied up or at risk.
Maximize control
Build safeguards into the letter of credit: inspection of the goods, quality control, production and delivery times.
Optimize flexibility
Strengthen your financial position with suppliers and significantly increase your ability to do business internationally.
Why a Letter of Credit?
You may not have the necessary collateral requirements or relationship with the bank to get a letter of credit – but we do.
You don’t have to leave deposits with your suppliers, since your letter of credit will be opened for the full amount of the transaction – so your cash is not tied up or at risk, while your supplier can often borrow against a letter of credit.
You may significantly increase your ability to do business with companies outside the U.S. by bolstering your financial position with your suppliers.
You can build safeguards into the letter of credit, including inspection of the goods and quality control, and set production and delivery times. This gives you more quality control over your goods.
Interested in a secure transaction?
Talk to us – we will guide you through the entire LC process.
FAQ
Frequently asked questions
Below you will find the most frequently asked questions:
How long does it take to get my car to the desired destination?
From the time of ordering to delivery it takes between five and six weeks. It depends on the country and continent of destination.
Will my vehicle be insured during transport?
Normally, no. Marine insurance is available for 1.5% of the value of the automobile with a $500 deductible.
How are car re-imports handled at the border?
Contrary to some reports, customs duty of 10% must be paid in the EU. For those outside the EU, please contact us.
Do car re-imports need TÜV or any conversion?
Yes. Since some cars are built for specific countries and other regulations may apply, a homologation of the car could be necessary. Please check with your local DOT.
Why is this the right time to import an automobile in general?
With Global Car Trading you benefit from a large global network and a trusted partner at your side. In addition, you benefit from long-standing expertise in exchange rates, which offers enormous advantages.
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Get in touch
Are you interested in importing or exporting your car?
Are you interested in our exclusive luxury collection?
Feel free to get in touch with us: