I am in process of buying a car that was leased with a local bank (bank alfalah leased in 2012). As decided with the owner, Once I will make the payment, the owner will settle the loan and provide me with the NOC and returned file.
I just need to know regarding any complexities involved in the process regarding the transfer of ownership and which documents should i be having with me for a smooth transfer into my name.
Also, do i need to get double transfer of the car? i.e. first the removal of HPA condition and tranfer the car to owner than again transferred to my name or can I simply get the car transferred to my name if i have the NOC? in case of the latter, what documents will i be in need of?
- Used Cars
- New Cars
- Cool Rides
- Post an Ad