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Thread: Car registration while leasing from Bank?

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    Question Car registration while leasing from Bank?

    1- Who pays car registration fees including withholding tax when you lease the car through bank?

    2-If the user (lessee) pays the registration fees, does he have to pay it again (withholding tax) at the end of lease period to transfer the car in his own name?


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    Quote Originally Posted by fadk View Post
    1- Who pays car registration fees including withholding tax when you lease the car through bank? - Bank Pays

    2-If the user (lessee) pays the registration fees, does he have to pay it again (withholding tax) at the end of lease period to transfer the car in his own name? - Yes because officially he will be a 2nd owner
    replied in red
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    Bank pays the WHT amount included in the loan but they give separate check for it to dealer.The client has to pay for registration amount in cash to dealer/bank.Car is registered in bank name and at the end of lease the bank will issue you a NOC to transfer it on your name.

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    other than processing charges for lease, what charges should I expect throughout the lease period? Like do they charge for NOC?

    Sent from my Nexus 4 using Tapatalk

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    Quote Originally Posted by fadk View Post
    other than processing charges for lease, what charges should I expect throughout the lease period? Like do they charge for NOC?

    Sent from my Nexus 4 using Tapatalk
    Some banks add up charges and share the break-up of charges which are adjustable at time of NOC / Transfer while some financial institutes bill separately for taxes & insurance etc to leasee' -

    at final payment successful end of lease term, NOC & Transfer letter is issued free of charge @KamranAslam please share the charges & paper work for regn required for a leased vehicle please
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