The standard payment structure for new BYD export orders is a deposit paid up front to confirm and begin production or allocation, with the remaining balance paid before the vehicles are released for shipment. For most orders this is handled via T/T (telegraphic transfer / bank wire), while larger bulk or fleet orders often use a Letter of Credit (LC) for added mutual protection.

Deposit and Balance Structure

A typical structure looks like this:

  • Deposit: commonly around 30% of the total order value, paid via T/T after the proforma invoice is confirmed, to lock in pricing and begin production or allocation
  • Balance: the remaining amount, paid via T/T once vehicles are ready and before the bill of lading is released or the container is loaded
  • Documentation: a proforma invoice, commercial invoice, and packing list are issued alongside each payment stage

Exact deposit percentages can vary depending on order size, model mix, and whether the buyer is a repeat customer, so treat 30% as a general benchmark rather than a fixed rule.

T/T for Standard Orders

T/T is the most common and straightforward payment method for orders in the typical dealer range (a handful of units up to a few dozen). It is simple to execute through most international banks, and the deposit-then-balance structure gives both sides a natural checkpoint: the buyer confirms commitment with the deposit, and the exporter confirms delivery readiness before requesting the balance.

Letter of Credit for Larger Orders

For larger bulk or fleet orders, a Letter of Credit issued by the buyer's bank is a common alternative or supplement to straight T/T. An LC adds a layer of security for both parties because payment is conditioned on the presentation of agreed shipping and compliance documents (bill of lading, commercial invoice, packing list, certificate of origin, etc.), rather than relying purely on trust between the two parties. This is especially useful for first-time large orders or buyers working with their own trade finance facility.

Escrow-Style Safeguards

Where a buyer prefers additional assurance beyond a standard T/T deposit, escrow-style arrangements or milestone-based release of funds (tied to documented production or pre-shipment inspection milestones) can be discussed on a case-by-case basis. The underlying principle across all payment structures is the same: funds are released in stages that correspond to verifiable progress, rather than the full amount changing hands before any vehicle has been produced or is ready to ship.

What to Expect Before Committing

Before any deposit is requested, buyers should receive a clear proforma invoice covering FOB unit pricing, total order value, the landed cost breakdown (FOB + $1,450 fixed freight + 1.1% FOB insurance + destination duty and VAT + $650 clearance and handling), and an estimated production and shipping timeline. This gives the buyer full visibility into total cost before any funds move.

BYD Global Export is an independent export trading company and is not an authorized dealer or representative of BYD Auto Co., Ltd.

To discuss payment terms and receive a proforma invoice for your order, reach out via WhatsApp for a live quote.