I don't have a bank Account how to pay for car?

[pwuser169358732964]

Hello! I dont have a bank account because I work as a Freelance Developer. My car budget is 4 Million but how can I safely pay for used car? I use accounts with 1 million limit no cheque book etc. Is there someone who can guide me?

Second scenario: If I pay from my mother's bank (Demand draft) to someone who sells me his used car can this be a legal problem for me???

Please RESPOND!

[mumbojumbo]

Salam

Paying from your mother's account does not pose a problem at all. I recently bought a car and paid via my father's account and it went smoothly.

I didn't understand the first scenario as you have written that you use "accounts that have 1 million limit". Are these your accounts? If they are then you can talk to the concerned bank official regarding this matter and they will be able to facilitate you with your payment.

[sardarg]

sir you have account with 1 million limit ? and no cheque book strange. are you using e-banking jazz / ucash etc sort of accounts. are you a filer or non-filer?

@nabs and plenty others at PW are freelancers. They can guide you to be a registered filer

for buying a vehicle it does not matter how you pay sir.
the FBR will send you a notice when you register / transfer the vehicle under your name/cnic as non-filer.

[Massive_One]

when i bought my used car, the dealer asked me to pay in cash, the car is registered on my wife's name.. umm.. and yeah.. that's about it ... got the papers at the time of payment and smart card delivered to my house (via agent), as simple as that.

[hash4u]

your moms account is perfectly fine
do a 50 rupee stamp paper after all the deal is done

ps....is it true free lance folks cannot open a bank account in PK as they cannot show proof of income? i was sitting in bank once and a free lance guy kept saying he gets money from abroad.....while the banker kept insisting to show pay slip type proof which he could not

[sardarg]

it true free lance folks cannot open a bank account in PK as they cannot show proof of income?

ji sir that is true. a new bank account can only be opened after completing KYC (know your customer) form. It contains 4 columns for the proof of proceedings. Form is then verified by bank's internal vigilance team. in case the supplied address is not rented or owned by the applicant account opening is declined. -

The other way to open a fresh account, applicant shall be known to two customer from same bank having 5 year old accounts, the endorsement for applicant will suffice to allow account opening.

[umarmuslim]

In short, if you are going to buy the car any tax lawyer or accountant will ask you to make the payment from your own account.

Using anyones elses account doesnt have much legal worth with FBR, as such it will be a Proxy Payment.

But if you have no other option, then I cant say much, you can transfer using online banking and some people use cash (not safe or recognized by FBR for higher amounts).

wassalaam

[horaldwilsom]

Using your mother's account for payment is perfectly acceptable. I have personal experience purchasing a car and making the payment from my father's account, and the process was seamless.

Regarding the first scenario you mentioned, where you referred to "accounts that have a 1 million limit," if these accounts belong to you, it would be advisable to discuss this matter with the bank's relevant officials. They should be able to assist you with your payment needs.

[Moderator]