How it works
The mechanics of a PakOption auction, written out plainly — including the bits most platforms bury in the terms.
STEP 01
Filter by make, city, budget, body type and inspection grade. Certified lots carry a 212-point report you can read before you bid a rupee.
STEP 02
Phone verification is required before your first bid. Lots above PKR 50,00,000 additionally need CNIC verification. This is what keeps fake bidders out.
STEP 03
You submit the most you're willing to pay, not what you want to bid now. The engine bids the minimum needed to keep you leading — you often pay less than your maximum.
STEP 04
Pay the deposit, the seller's contact details unlock, and you work through a transfer checklist together. Buyer's premium is 2%, capped.
This is the single most misunderstood thing about proxy bidding, and it’s the reason bidding your true maximum early is usually the right move.
Worked example
The step size rises with the price, so a PKR 4 crore lot doesn’t crawl upward in five-thousand jumps.
| Current price | Increment |
|---|---|
| 0 – 5 L | PKR 5,000 |
| 5 L – 20 L | PKR 10,000 |
| 20 L – 50 L | PKR 25,000 |
| 50 L – 1 Cr | PKR 50,000 |
| 1 Cr and above | PKR 100,000 |
Any bid placed inside the final three minutes pushes the finish out to three minutes from that moment. There is no cap on extensions. Waiting until the last second gains you nothing — the auction ends when bidding actually stops, not when a clock runs out.
The lot doesn’t simply die. The highest bidder gets 24 hours to submit a best offer, and the seller gets 24 hours to accept, decline or counter. Roughly a third of reserve-not-met lots close this way.
PKR 2,500
Waived entirely when you book an inspection. Charged at publish.
1% · max PKR 1 L
Only on a completed sale. Nothing if the lot doesn't sell.
2% · paid by buyer
Minimum PKR 15,000, capped at PKR 2 L. Not deducted from your proceeds.