In subject HPA stands for "HIRE PURCHASE AGREEMENT"I purchased my car thru bank in 2007 on five year installments. All payments done and all dues cleared from bank. My car is registered in Karachi.My question is Do i need to contact registration authority for removal of HPA from my registration book?If so what should be the procedure. thanks in advance for valued time and guidance.Best Regards.
Just contact your bank and ask for NOC.
...and take that NOC, along with other required documents required for transfer of ownership, to ETO and get the car transferred to your name.
thank you very much for your valued guidance..........
Any idea what are the charges for HPA removal at ETO? Is it the same as the transfer fee (Rs. 12,500)?
No additional charges...if you have the NOC from the bank/leasing company...ETO will simply transfer the car in your name...and will cutout the HPA written on the book.
Transfer charges & local taxes apply and you can always ask for a fresh book,
2-3 time i delete hpa entry through agent buy paying 2500-3000 in isb, dont know about legal fee.
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