We appreciate your interest in MY50.com and your participation in our motorcycle auctions. As a valued member of our community, we are thrilled to have you as part of our platform.

Before we can proceed please read and understand the following terms and conditions:

To confirm your bid a 50% deposit is required for bidding on our motorcycle auctions. This deposit is designed to demonstrate your commitment to bidding and to help reduce the incidence of frivolous or non-serious bids.

Here’s how the deposit process will work:

Deposit Amount:

You will be required to submit a deposit of 50% of your bid value to the MY50.com bank account before you can place a bid.

Deposit Refund: If you are not the winning bidder in any auction, your deposit will be promptly refunded to your account within 7 days after the auction’s conclusion. Deposits can be held for future bids to avoid additional admin fees. All deposits can be recalled at any time if you do not have a winning bid.

Winning Bidder: If you are the winning bidder in an auction, your deposit will be applied towards the purchase price of the motorcycle, and you will be required to pay the remaining balance within 3 days.

Please note that this deposit is refundable if you do not win the auction, and it will be securely held in your MY50.com account until needed.

Please confirm you understand the terms and conditions below. If you have any questions please feel free to contact us.

Before you bid you need to know

  • Buyers must ensure the auction number and the bidding price are correct.
    MY50 Limited will not take any responsibility for errors made by the Buyer with the auction number or bidding price.
  • All bids are FOB unless otherwise previously agreed between MY50 Limited & the Buyer.
  • All Vehicles or Bikes purchased through the MY50 World Auction system are on an “AS IS” basis. This is important to note! Although MY50 and its agents try our best to describe, catalogue and photograph bikes the final decision is yours.
  • MY50 Limited, agents and intermediaries will not accept any claims because the bikes bought are not in the condition expected.
  • Claims will NOT be accepted for
  • Bikes that are Ranked 0, or 1, 2,3,4,5,6 or NOT Ranked.
  • All Claims for any product bought through MY50 Limited must be made within 7 calendar days following the date of purchase.
  • Any Claims for any product bought through MY50 Limited regarding packing or damage occurring in a container must be made within 7 calendar days following the Date of unloading.
  • If requested by the Buyer, MY50 Limited will inspect the bike and give the Buyer feedback/advice prior to bidding on the bike.
  • If more than one bid is received for the same unit and that unit is purchased the unit will go to the Highest Bidder.
  • MY50 Limited will try to keep the Buyer informed of current bids on the Bike.
  • You are paying to use our bidding facility. You are the purchaser of the vehicle and therefore take responsibility as the purchaser.

Final Bids

  • All bids to be placed 24 hours before the auction date. Exceptions for late bids will be on a case-by-case basis only.
  • All bids are final unless the Buyer alters the BID with MY50 Limited before placing the bid in Japan. This can only be done 6 hours before the start of the auction. (NB** auction times are based on the local time of the country in which the auction is taking place)
  • When the Buyer wishes to cancel the purchase of the Unit after MY50 Limited has bought the unit, a request to MY50 Limited must be received within 1 week of purchase. The buyer will be responsible for paying a cancellation fee of 50% for each bike or part. In addition, any losses incurred on the resale of the unit.
  • Please contact MY50Limited for Details of the current cancellation fees.
  • Customer-bought Bikes or Vehicles are stored FREE of charge until shipped as long as your account is up to date.
  • You are the purchaser of the vehicle please understand your responsibilities. If you are unsure please feel free to ask for assistance.
  • All prices are in Japanese YEN / USD /NZD /AUD or currency related to the country of origin for storage costs should there be any.
  • All bids are FOB this is the price you pay for all Japanese costs. We will always try to get the bike at the best possible price. If the bidding is close we will bid an additional Yen 10 000 over the FOB price to try to win the bid. I.E If your bid is FOB Yen 50 000 we will bid up to a maximum of Yen 60 0000 if your bid is Yen 500 000 we will bid up to a maximum of Yen 510 000. Bear this in mind when placing FOB amounts.
  • The final price is rounded up or down to the nearest Yen 100. I.E Yen 267 642 = Yen 268 000 or Yen 267 429 = Yen 267 000

Ranking System

All bikes that go to auction will have a ranking, to help you gauge the overall condition of the motorcycle. MY50 Limited ranks are slightly different from Live auction ranks. Our ranks are more value-orientated than most auctions. For example, some Live auctions rank aftermarket parts down, but MY50 Limited will give a good rank for good quality and this may include aftermarket parts. If you want totally original bikes you need to be aware of this when bidding and looking at photos. If you are unsure ASK

Rank

Meaning

Rank 6 to 10

Mint. New Bike or Near New Condition – Never Used and probably not started. May Still be in the Crate, may have VERY low mileage. No noticeable Scratches.

Rank 5

Used Bike is Very nice tidy and clean condition. May have very light scratches if any and average mileage. Requires no repairs.

Rank 4.5

Light Damage overall a clean bike.

Rank 4

A Used bike in average condition for the type of model it is. No missing parts and ridable. Damage is limited: Scuffs, cracks, small dents, etc. Comments are made on these points.

Rank 3

The bike requires repairs or replacement of parts to make it complete and ridable. Will comment on major problems only.

Rank 2

May be rusty, requiring restoration of major parts. May be missing some parts, but structurally OK.

Rank DAM

This Rank is for crashed or suspected Crashed Bikes. NO Claims – MY50 Limited will check the Bikes as best as we can and advise on Frames and other parts of the Bike.

 

Packing Your Bike

Your bike arrives at the depot. Packing staff prepare the Bike by removing, wrapping and cataloguing parts that may be damaged or may damage other units in the container. The Parts removed are carefully wrapped and labelled for your ease when unloading and assembling the motorcycles.

On packing day Bikes are covered with Blankets or thick Japanese Futons and are loaded into the container one by one. The Bikes are fixed to the floor by their stands and wheels are stopped using blocks nailed to the floor. A floor is built and then bikes are loaded on this floor. To protect bikes further sometimes Bubble wrap is used to cover the panels.

Out of our control

Unless MY50 Limited or its agents and intermediaries use a different method of packing, which will greatly affect the value of using a container, MY50 Limited cannot guarantee any packing when the container has been moved by rail over any distance. We strongly recommend that wherever possible you arrange your shipping route to be able to use trucking instead of rail. The Shunting movement of trains causes a lot of damage and is very hard to protect Bikes in a container against this kind of movement.

Winning Bids – Risk and Reward

If your bid wins the auction you become the owner of the vehicle or parts. As such all risk and reward now belongs to you.

 Insurance

Understand the risks involved in moving vehicles, this risk belongs to you. MY50 Limited and all associated partners will do our best to ensure safe storage, movement and unpacking of your bike but the risk is your responsibility. If the bike you have bid on and won we suggest talking to your private insurance company with regards to the type of insurance they can provide to mitigate these risks.

MY50 Limited does not offer any insurance and will not be held responsible for any damages caused whatsoever during the transportation part of the purchase regardless of the situation.

 Storage

Motorcycles are moved by our agent’s staff and are stored in a secure, clean and dry warehouse until they are packed and shipped to your country. There is no cost to store bikes in Japan.

Shipping

FOB means “Free On Board”. This is where all the costs of the country of origin are paid for. Any other charges like customs and transport on your side are not paid for when you purchase the bike. Please note customs, port and biodiversity charges vary from country to country and may fluctuate without prior notice. You will be responsible for these charges.

As far as possible MY50 Limited will inform you of the expected charges but cannot be held responsible for any fluctuations in pricing or additional costs that may incur due to unforeseen circumstances.   

For all bikes sent in containers, our agents will dismantle expensive parts or parts that pose a threat to other bikes while in transit. E.G., Indicators,  mufflers, footrests and mirrors. We also wrap all parts that are pulled off the bike in bubble wrap and label each one with the packing number for that bike. Bikes are then wrapped with thick blankets and held in position in the container by wood. MY50 Limited agents and intermediaries will pack two floors in the containers. This increases the amount of bikes you can export in each container. MY50 Limited takes pride in the partners we choose and trusts them to pack our containers in the best way possible. We feel that you will not find a better company for packing your bikes anywhere in the world.

Import Laws

NB** It is your responsibility to understand the import laws for your country. MY50 Limited, Partners and agents will not be held liable for containers or bikes not being released by customs due to import regulations or any other regulations that prohibit the import of certain motorcycles or parts. If you are unsure please ask we are here to help.

Shipping Times & Delays

  • Bikes are shipped when containers are full and commercially viable to send. There are no guarantees on how long this may take.
  • Shipping routes can be subject to world events (wars, strikes, pandemics) which drastically delay shipping times. These situations are out of our control and we will not be held liable for any delays.

Costs Involved

We do not charge for you to bid on any motorbikes there are only charges for successful bids!

You can bid on as many motorbikes as you wish. However, we do have to hold security on the bikes you bid on, to ensure that we will receive payment should the bid be successful. EG if you want to bid on a bike/s to the value of  $ 10,000 we need to have a 50% deposit ($5000) in our holding account 24 hours before bidding. Some of our bidders like to leave a float in the account to make last-minute bids. This is up to you.

Admin Costs

For successful bids there is a standard MY50 admin fee of $399 + GST this fee is used against the admin costs of getting the bike shipped to your location. The admin fee is per successful bid and is only charged if your bid is successful.

Admin fees are only charged on successful bids so feel free to bid on as many bikes as you like.

Full Payment

Full payment for the bidding amount, shipping amount and the admin fee in New Zealand Dollars ($) need to be paid to our New Zealand Bank account within 3 days after a successful bid. Late payments will incur a $50 per day late payment fee. After 14 days if full payment is not received MY50 will resell the bike to recover costs.

The parties agree to a forward exchange rate of % 4.0 for a transaction to be executed on the date of invoice. The forward rate includes a margin of 4% based on the current interest rate differentials between the New Zealand Dollar and the Japanese Yen.

Discounts

Discounts can be negotiated with frequent bidders and dealerships. If you are using our portal regularly we appreciate your custom and would be happy to set out rates that suit the frequency of your purchases.

Transport, Shipping and GST

Additional costs can be expected depending on the country of landing. Costs vary from country to country. This is to give you a general idea. Please note as per above you will be responsible for these charges and they must be factored into the price you are willing to pay for a bike.

  • Purchase price of your bike: I.E The amount you bid for the bike.
  • GST – General Sales Tax for your country. 
  • Shipping and Ports Charges – $550 plus GST (applicable when using MY50 Shipping) Shipping varies from Country To Country.
  • Local transport – This depends on where you are located from the landing port. FREE if collected from the Port of Entry
  • Local storage – should you not be able to collect your bike we can store it on your behalf. Costs are $50 per week.

Biosecurity Inspections

Biosecurity Inspections mainly occur in stink bug season and are random. If containers are pulled for biosecurity checks these costs will be split amongst the bikes in the containers and costs allocated accordingly.

Payments will be refunded if:

  • Your bid is unsuccessful – I.E you do not make the highest bid
  • You cancel your bid 12 hours before the start of the auction as set out above.

All additional payments for Japanese Motorcycle Auctions as set out above will need to be settled before your bike/ s can be collected. No bikes will be handed over until full payment of all costs is received.

NB** Should MY50 not receive the balance of costs within 3 days of landing MY50 reserves the right to sell the bike at any sale price to recover these additional costs. The cost to be covered will include but not be limited to:

  • Admin
  • Storage
  • Marketing the sale of the bike
  • Transportation
  • Other

No further claims or disputes will be entered into.

Refunds 

All monies for unsuccessful bids or bids cancelled before the 12-hour cut-off will be refunded within 7 working days for unsuccessful bids or can be left in our account for future bids. 

Refund costs

All refunds will incur an admin fee of $15.00 (this fee will be waived for consistent clients who have made 3 or more successful bids) 

Registration of bikes in your country

Bikes will come with De Registration papers which can be used to register your bike for road use in your country. NB* Please note these laws vary from country to country and you should understand the restrictions and costs in your country to register your bike before you bid should you want it to be road-legal. We can only supply De registration papers for motorcycles.

Bikes will require entry certification depending on the laws in your country before they can legally be put back on the road. MY50 Limited will not be held responsible if you cannot register the vehicle for road use due to specific laws relevant to your country.  This is your responsibility to understand before bidding.

Registration – If you wish to register an imported vehicle, all imported vehicles must be inspected by a verified inspector before being put on the road. Unless the bike comes with a current registration certificate it is not road-legal.

Please understand and ensure that you follow the correct procedures for registering imported motor vehicles/motorcycles in your country this is your responsibility.

All Motorcycles will come with De-Registration Papers Only please ensure this is enough paperwork in your Country

New Zealand – Only

All Motorcycles will come with De-Registration Papers Frame Numbers will be registered on the NZTA system to aid the certification process.

For more information –  https://www.nzta.govt.nz/vehicles/importing-a-vehicle/

Registration Services

In certain countries, registration of vehicles can be done on your behalf by MY50 at an additional cost. Please contact us for more information should you require this service.

Terms

Bidding on motorcycles through MY50 Limited via worldwide auctions is subject to the MY50 terms of use. MY50 Limited reserves the right to update the terms and conditions.

Disputes

Should any disputes arise, MY50 Limited is a New Zealand-registered company and will be settled under New Zealand Law. NZB -9429047424678 

See – NZ companies Register 

Company details

MY50 – NZB -9429047424678 

MY50 is registered as a vehicle trader and import-export business. Documents available on request.

www.my50.com

Business practice

MY50 Limited, its directors and employees pride themselves on providing excellent service, and open and honest business practices. New Zealand is rated number 1 in the world for the safest country to do business and we stand by these morals and ethics. We will only trade with businesses and individuals who display these same business ethics.