Purchasing used cars

Procedures for Purchasing Second - hand Cars from Aecoauto

1. Submission of Requirements and Initial Confirmation

1.Buyer Submits Requirements: The buyer shall send detailed requirements and descriptions of the desired vehicle to Aecoauto, including brand, model, year, mileage, configuration, color and other specific information.

2.Aecoauto Confirms Availability and Buyer Pays the First DepositAfter receiving the requirements, Aecoauto will check and confirm the availability of vehicles meeting the requirements.

a.The buyer is required to pay the first deposit, which is the greater of 10% of the FOB (Free on Board) amount or USD 1000.

b.Upon receipt of the deposit, Aecoauto will start searching for suitable vehicles and take videos and photos of them, covering the vehicle's exterior, interior, engine compartment, roof, trunk, chassis, Vehicle Identification Number (VIN), odometer, etc. Key descriptions such as whether the vehicle has been in an accident, suffered water damage or fire damage will also be provided.

c.Based on the buyer's feedback, Aecoauto will continue to search and provide optional vehicles for the buyer to check and select until the buyer approves.

2. Vehicle Lock - in and Inspection

1.Vehicle Lock - in: Once the buyer is satisfied with the vehicle's condition and selection and gives approval, Aecoauto will immediately pay to lock in the vehicle for 7 - 10 days. The paid deposit is non - refundable.

2.Professional InspectionAecoauto will arrange a formal inspection by a well - known inspection agency (such as Cheboshi, Che300 or a third - party inspection agency designated by the buyer).

a.After the inspection is completed, Aecoauto will provide the buyer with a complete and professional inspection report, including photos.

3.Handling of Discrepancies: If there are significant discrepancies between the information/description provided by Aecoauto and the inspection report, including major issues like accidents, water damage or fire damage, the buyer has the right to reject the vehicle, and Aecoauto will refund the deposit. Alternatively, the buyer can choose to replace it with another vehicle until it meets the buyer's approval.

3. Payment and Subsequent Processing

1.Payment of 30% DepositAfter the inspection report is provided to the buyer, if the inspection report conforms to the described condition of the vehicle, the buyer is required to pay 30% of the total purchase amount as a deposit to lock in the vehicle within 5 working days.

a.Delayed payment of the deposit may result in the vehicle being sold and the deposit being forfeited.

2.Vehicle Purchase and Warehousing: Upon receipt of the deposit, Aecoauto will immediately purchase the vehicle and store it in the warehouse. Meanwhile, a pre - shipment inspection will be carried out.

3.Refurbishment or Modification (if required): If the buyer requests the vehicle to be refurbished or modified, Aecoauto will carry out the corresponding operations and may charge the buyer accordingly.

4.Provision of Documents and Payment of the BalanceAfter the pre - shipment inspection is completed, Aecoauto will provide the buyer with a full set of documents, including photos, commercial invoice, packing list, inspection report, etc.

a.The buyer should pay the remaining amount promptly so that Aecoauto can arrange the shipment immediately.

4. Aecoauto's Professional Shipping Service

1.Handling of Shipping Procedures: Aecoauto's professional shipping team will handle the entire shipping process, including scheduling, booking, loading and handling all required documents.

2.Order Tracking: The buyer can easily track and follow up on the order at any time through Aecoauto. Information on the entire fulfillment and delivery process from booking to shipment will be provided in a timely manner.