Terms and Conditions

Terms and Conditions for Vehicle Auction

Terms & Conditions
  1. Introduction
    • This document outlines the terms and conditions governing the participation in our vehicle auction.
  2. Eligibility
    • Participants must meet the legal age requirement to bid in the auction.
    • Proper identification, including government-issued ID, is required to participate.
  3. Registration for Bidding
    • Participants must register with accurate information to bid.
    • Registration may include payment of a refundable deposit of PKR 100,000/vehicle.
    • We reserve the right to deny registration or participation at our discretion.
  4. Vehicle Information
    • All vehicles are sold "as-is" without any warranty, either expressed or implied.
    • Vehicle descriptions, including condition and mileage, are provided to the best of our knowledge but may not be guaranteed.
  5. Bidding Process
    • Bidding increments, starting bids, and bidding procedures will be determined by the auctioneer.
    • The highest bidder, as determined by the auctioneer, will be the winning bidder, on or above the reserve price of the vehicle.
    • Once a bid is accepted, it is legally binding.
  6. Payment
    • Winning bidders must pay for their vehicles in full within 3 business days.
    • Accepted payment methods and applicable fees will be outlined.
    • Failure to pay within the specified time may result in forfeiture of the deposit money and additional penalties.
  7. Buyer's Premium
    • No buyer's premium will be charged.
    • There will be additional cost if the buyer wants to get any additional services i.e Warranty, insurance etc.
  8. Reserve Prices
    • All vehicles will have reserve prices set by the seller. If the reserve is not met, the vehicle may not be sold.
  9. Ownership Transfer
    • Ownership transfer and applicable fees are mandatory, and are the responsibility of the buyer.
  10. Dispute Resolution
    • Any disputes will be resolved through arbitration or legal means as outlined in local laws.
  11. Liability
    • We are not responsible for accidents, damage, or theft on the auction premises.
  12. Termination of Auction
    • We reserve the right to cancel or postpone the auction for any reason.
  13. Changes to Terms
    • We reserve the right to modify these terms and conditions at any time.
  14. Governing Law
    • These terms and conditions are governed by the laws of [Your Jurisdiction].
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