International auctions: How to avoid cost traps?

Are you looking for a way to automate the car buying process at international auctions and reduce the risk of mistakes? Want to explore new sources of car sourcing? Meet Calc Booster - a tool that integrates import costing, purchase management in one intuitive interface.

International auctions

International car auctions are becoming an increasingly popular source of supply for dealers. They offer access to a wide range of vehicles, potentially favorable prices and opportunities to import unique models.

However, effective use of this channel requires consideration of a number of factors, such as import costs, complex logistics procedures, foreign exchange risk and larger-scale purchasing management.

Calc Booster is a tool designed to support dealers in these challenges, offering a range of features to optimize the buying process.

Precise calculation of import costs

A key challenge in international auctions is import costs, which can significantly affect the profitability of a purchase. Calc Booster allows you to accurately estimate these costs, taking into account:

• Auction commissions: Include commissions charged by the auction platform.
• Customs rates: up-to-date information on the customs rates applicable to the type of vehicle and country of origin.
• Taxes (VAT, excise): Calculation of taxes in accordance with applicable regulations.
• Transportation costs: Integration with third-party transportation providers makes it possible to estimate the cost of transporting a vehicle from the auction site to the dealer.
• Additional costs: Additional costs may be introduced, such as registration fees, vehicle preparation costs, etc.

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How it works. Calc Booster's costing function is based on up-to-date data and allows dealers to make informed purchasing decisions that take into account all relevant components of acquiring a car.

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Procurement management and risk minimization

Calc Booster offers features to support the management of the company's purchasing process:

• Control over duplicates: The system blocks different company employees from buying the same vehicle, eliminating the risk of confusion and mutual overpricing.
• Managerial control: The introduction of a purchasing approval mechanism by the manager ensures control over the company's purchasing strategy and compliance with established goals.
• Purchase history: Access to purchase history allows you to analyze the effectiveness of individual transactions and identify potential areas for improvement.

These features help streamline the purchasing process, minimize the risk of mistakes and better control spending.

Currency handling, or rates under control

Currency fluctuations can have a significant impact on purchasing profitability. Calc Booster offers:

• Exchange rate handling: Based on exchange rates, you monitor the import transaction.
• Currency conversion: Ability to convert vehicle price and import cost to preferred currency.

The user gains access to currency exchange rates, which allows to make accurate decisions in real time.

Invaluable support for the purchasing process

Calc Booster is an advanced purchasing support solution for international car auctions. It offers functions to optimize costing, purchasing management and currency handling. It allows buyers to make more informed decisions, streamline the purchasing process and minimize risks, while managers are in control and execute strategy according to budgets.