what documents need to check before buying a car

People hesitate to buy old car due to not having knowledge about what documents need to check before buying a car, that is local manufactured or imported car. In this article we mentioned some documents need to check before spending your huge money to buy new or old car.

  1. Documents need to check for new car

We categorized new car into two categories

1) Local Manufactured car

In case of local manufactured new car you will have a question what documents nee to check before buying a car, you need to check Purchase Invoice and verify chasee number with vehicle, Sale certificate, CNIC of person of whom name sale invoice was generated and check expiry date of CNIC Number and make sure the name at CINC match with name at sale invoice. You required to submit these documents along with your CNIC Copy to excise and taxation office for registration. If you submit these documents in Islamabad the authority will issue you only card and will not handover other documents to you. If your registered vehicle in another province they will issue you card or copy and will return you original documents which you submitted.

2) Imported vehicle

When you purchase imported card you need to check following documents in detail

  1. Passport Copy: Check the passport copy of purchaser with its name and expiry date
  2. Bill of Lading: Bill of lading is a document issued by a carrier to shipper, in this bill carrier mention detail of goods along with its destination to deliver. You should to check Name of Consignee in this document and it should match with the name at passport, vehicle chasee number on all pages and these should match with vehicle.
  3. Goods Declaration (GD): In goods declaration document check the origin of car, check the name of consignee and it should match with bill of lading and passport, check the chasee number and verify with mentioned chasee number at bill of lading and the last thing to check is vehicle registration number in foreign country
  4. Export certificate: Check the chasee number of vehicle and make sure that it matches with chasee number at other documents (GD,Bill of Lading)

2) Documents to Check for Old Car

For buying old car you need to check following documents

  1. Vehicle Number: Take the original number plates
  2. Vehicle Token: Make sure token has been paid up to date and an there is not any outstanding token
  3. Original Book/Card: Check vehicle original book/Card and check chasee number and it should match with vehicle and should match with (BL,GD, Export certificate) if you buy imported old car. Make sure the name of owner should match with CNIC Number of owner
  4. CNIC of Owner: Check the CNIC of owner and check Name of owner which should match with other documents and check Expiry of CNIC Number
  5. Previous Transfer letter:  the car which you are going to buy was previously at the name of another person then you need to check Transfer letter and receipt. Transfer receipt is the assurance of the successful transfer of vehicle to the current owner. Take the CNIC Copy of first owner and not buy car at open transfer letter
  6. NOC From bank: if you are going to buy a lease you need to check NOC and check vehicle chasee number and name of current owner

How to buy a new car

It Is common human behavior when someone got a big amount either from business or from any other source the first desire come to his mind that first of all I will buy a best car. In this article we are going to explain steps how to buy a new car, for buying old car the procedure will be different so in this post our focus is to mention steps how to buy new cars.

  1. Define your requirement

To avoided repent after buying you need to define your requirements and make a list of all your requirements which you want in a new car, here is the example list of requirements

  1. 4*4 Car: if you live in hill station then 4*4 car will be suitable to you.
  2. Small Car: if you are single person or couple then you may choose a small car.
  3. Having Kids/Family: if you have family and kids then you will look for some large car or SUV/Minivan
  4. Gass/Petrol: if you have tight budget and want car most economical car, then you will definitely consider car at CNG.
  5. What is your available budget?

2. What is your available budget

The second step of how to buy a new car is define your budget, which is most important and required detail calculations and data. Buying a car generate a regular expense, it means when you buy a new car, you need allocate a separate budget for your car running and maintenance from your monthly income. Expert says that your car monthly budget should not more than 15% of your total net income. For example, if your regular income is Rs 100000 then your car total expense should be Rs 15000 per month. Maintenance cost of new car is too miner at start so you need to consider only running cost. You need to define how many km you travel in a month and define how much fuel economical car you should to select which cover your budget.

3. Select Cars which have resale value

Before buying a new car you need to make a detail analysis and get detail information about cars and brands which has resale value this is one of the important point of how to buy a new car, because when you sale this car in future you will not lose your money and will add little amount in it to but brand new car.

4. Read reviews and ask from car owners

When you shortlist few cars by considering your required specifications, budget and resale value the next step is to read reviews about short listed cars and ask from car owners about their experience about particular car so you can reach to your final decision, you can ask question in forums when you making a research of how to buy a new car.

5. Contact with dealer

When you select your car which you want to buy then get quote from different car dealers and compare discount and different offers which offering buy car dealer to buy new car. This was the final step and place your order by following requirements of car dealers.

Toyota Yaris New Price

As the Toyota Launched its new car Toyota Yaris and start booking, they revise its price within a month and issue new rate list of its new launched product toyta yaris and issue Toyota yaris new price. The reason behind this major increase in price is “Increase in dollar rate and devaluation of Pak rupee”. Toyota not only revise prices of Toyota yaris, it also increases price of all its product range.

Toyota Increase Prices of its product range between 100,000 to 550000 depending of the nature of vehicle. The basic variant of Toyota Yaris 1.3 L Manual now is available at 2,469,000(Ex-Factory price) after 120,000 increase in price.

The full option variant Toyota Yaris 1.5 ATIV now available at 2,959,000(Ex-Factory Price) after 150,000 increase in price.

Vehicle TypeEx-Factory PriceEx Factory Price
Toyota YarisOld PriceNew Price
1.3 GLI MT        2,349,000.00            2,469,000.00
1.3 GLI CVT        2,519,000.00            2,649,000.00
1.3 ATIV MT        2,449,000.00            2,579,000.00
1.3 ATIV CVT        2,599,000.00            2,729,000.00
1.5 ATIV X MT        2,649,000.00            2,789,000.00
1.5 ATIV X CT        2,809,000.00            2,959,000.00

Vehicles prices in Pakistan has direct relation with dollar rate, it is evident from last 2 years Toyota increase its corolla GLI Price by 7 to 08 lack.

Currently there is uncertainty exist in economy due to Covd-19, and we there is a risk of vehicles price un stability in next two years.

This increase in price create a negative impact on vehicle sales. Following is unit sale report of Toyota

Mar-19 Unit Sold Feb-20 Unit Sold Mar-20 Unit Sold
4741 3715 2089

Toyota Corolla is one of the major vehicle which use by rent a car companies to provide car rent service. Car rental companies chose Toyota corolla for car rent service due to this vehicle reliability. This continues increase in vehicle prices increase capital cost of car rental companies of which result is decrease in ROI, this continues increase has one business opportunity of larch scale car rental companies that it creates entry barrier.  

Toyota Yaris Price and specification in pakistan

Toyota Indus start booking of Toyota Yaris from March-2020. Toyota introduced six variants of Toyota Yaris and provide number of option to its customers. Toyota categorized its six variants in two categories one is Toyota yaris 1300 cc and second is Toyota yaris 1500cc.

we classify this vehicle as Econoical rent a car this beautiful car will be in our fleet in July-2020 inshallah. we are working on its new rent a car rates and will share with our customers soon.

we offer this vehicle for rent not only for Lahore but also for those people who are looking for rent a car in islamabad new toyta yaris