1. Who we are
PakOption operates an online marketplace connecting buyers and sellers of motor vehicles in Pakistan, and provides third-party vehicle inspection services. We are a marketplace and a service provider. We are not a party to the sale contract between a buyer and a seller.
2. Eligibility
You must be at least 18 years old and legally able to enter into a contract. You must verify your mobile number before placing a bid, and verify your CNIC before bidding on lots above PKR 5,000,000.
One account per person. Accounts created to place bids on your own listings, or on behalf of a seller, will be terminated and any affected auctions voided.
3. Bids are binding
A bid is a binding offer to purchase at that price. Bids cannot be retracted. If you win a lot and fail to complete, your deposit is forfeited, a strike is recorded against your account, and three strikes result in permanent suspension.
PakOption may reverse a bid only where fraud, a platform malfunction or a manifest error is established. Every reversal is recorded in an audit log.
4. Seller obligations
You must have clear legal title to the vehicle and the right to sell it. You must disclose accident history, flood damage and any known material defect. The disclosure attestation you sign at listing is a contractual representation.
Undisclosed damage discovered during inspection or after sale voids the sale, forfeits your listing fee, and may result in permanent suspension and referral to the relevant authorities.
5. Fees
Listing fees, success fees, buyer's premium and inspection charges are published at /pricing and form part of these terms. Fees may change with 30 days' notice; changes do not apply to listings already live.
6. Inspection scope and limitation
An inspection report records the vehicle's condition at the time and place of inspection. It is a visual and diagnostic assessment. It is not a warranty, a guarantee, a mechanical certification, or a statement of future reliability, and it does not cover defects that are not detectable without dismantling.
Our liability in relation to any inspection is limited to the fee paid for that inspection, except where liability cannot be limited by law.
7. Payments and settlement
PakOption does not currently hold sale funds in escrow. Deposits are processed by a licensed payment provider. The balance of the purchase price is settled directly between buyer and seller at handover.
8. Prohibited conduct
Shill bidding, bid shielding, off-platform solicitation before a sale completes, posting contact details in listing text, misrepresenting a vehicle, and using another person's identity are all prohibited and result in suspension.
9. Governing law
These terms are governed by the laws of the Islamic Republic of Pakistan. Disputes are subject to the exclusive jurisdiction of the courts of Karachi.
This document is provided for information. It is a template drafted for a product build and has not been reviewed by a qualified lawyer in Pakistan. Have it reviewed by counsel before relying on it commercially.