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

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

Fuel Price in April-2020

Few days before government of Pakistan make a major decrease in fuel price by 13%. in figure it reduces Rs 15 per Ltr from previous price Rs 112Per Ltr. Government of Pakistan reduce this price to give a major public relief.

A rumor has been circulating in public that the government reduce this price only for short time period of march 2020 and government will increase price in April-2020, this public perception now is wrong after getting statement from spokesperson of petroleum division.

The Spokesperson for the Petroleum Division in an official statement said that there will be no change in petrol, diesel and other petroleum products price for the month of April 2020.

“The prices shall remain constant as they were announced on March 25, 2020. Any speculation regarding prices contrary to this statement ought to be strongly discouraged.”

This major decrease and its continuity in April-2020 lead to reduce in car rent service rates for outstation Drop.

Askari rent a car now introduced revised car rent service rates based on current Market fuel price

Lahore/Islamabad Drop Rs 12000

Lahore/Faisalabad Drop Rs 7500

Lahore/Multan Drop Rs 11000

Lahore/Pishawar Drop Rs 15500

Lahore/Mianwali Drop Rs 15000

Lahore Sialkot Drop Rs 6500

For more information about rent a car rates contact with us