I have decided to buy a used car 2001 model from a person. The car is in good condition. The current owner is driving it on an Open Transfer Letter and the Original Registration is in name of Orix Leasing. The token are paid upto 30th June 2011.
The Open Transfer Letter just carried the name, signature and address of the First owner who had leased along with a copy of his CNIC. The original file is with Excise and Taxation Office Peshawar, according to the current owner, and he has been driving this for 2 years on Open Transfer Letter.
Now I am very skeptical as whether to buy this car or not because the current owner said that you can drive on this Open Transfer Letter. But I want to get it transferred to my name.
1) Now what will be the procedure, and whether this signed Open Transfer Letter and copy of his CNIC enough for transfer of this car on my name,
2) or would I require certain more documents, and if required what exact documents would be required for this purpose.
Thanks