1. Introduction
Welcome to SpotMV Car Auction — Pakistan’s transparent and reliable live car auction platform. By registering, listing, or bidding on any vehicle, you agree to comply with these Terms & Conditions, which govern all users including buyers, sellers, and visitors.
SpotMV acts as a facilitator between buyers and sellers, ensuring a fair, verified, and secure auction process.
SECTION A: SELLER TERMS
2. Eligibility to Sell
- Any individual or business can list their car for auction on SpotMV.com.
- Sellers must provide valid CNIC, proof of ownership, and required vehicle documents.
3. Listing Fee & Commission
- A non-refundable fee of Rs. 2,000 must be paid upfront for inspection, photography, and listing.
- If the car is sold, Rs. 2,000 will be adjusted in SpotMV’s 1% commission.
- If the vehicle is not sold or withdrawn, the Rs. 2,000 is non-refundable.
- SpotMV charges 1% commission from both buyer and seller upon successful sale.
4. Inspection & Documentation
- Seller must provide:
- Original registration book/file
- CNIC copy
- Token tax receipts
- Import/custom documents (if applicable)
- Only verified and inspected vehicles are approved for auction.
5. Seller Cooperation
After auction completion, the seller must cooperate with SpotMV and bring the vehicle to the SpotMV office at the scheduled time for the winning buyer’s physical inspection before payment and documentation.
6. Sale Finalization
- Both buyer and seller must visit SpotMV Lahore office after auction completion.
- Both must sign: Sale Deed, Payment Confirmation, and Delivery Letter.
- SpotMV’s commission (1%) is payable at signing time.
7. Seller Withdrawal
- If a seller withdraws after auction but before signing, the auction is nullified and buyer’s deposit refunded.
- SpotMV reserves the right to suspend or ban repeat offenders.
SECTION B: BUYER TERMS
8. Eligibility to Bid
- Only registered auction account holders can bid.
- Each bidder must deposit a refundable Rs. 20,000 security deposit.
- SpotMV reserves the right to verify bidder identity before approval.
9. Bidding & Winning
- All bids are final and binding.
- Highest bid at auction close is considered winning bid.
- After winning, Rs. 10,000 is deducted from buyer’s deposit as confirmation.
10. Buyer Cooperation
After auction, the buyer must cooperate and be present at SpotMV’s office for inspection, payment, and final documentation.
11. Payment & Handover
- Buyer must complete payment and car collection within 48 hours of auction close.
- All transactions occur at SpotMV’s Lahore office under supervision.
12. Refund & Forfeiture Policy
- If the buyer refuses without valid reason, Rs. 10,000 will be forfeited.
- If undisclosed issues are found, Rs. 10,000 will be refunded.
- If the seller withdraws, buyer gets a full refund.
13. Direct Dealing Prohibited
Buyers and sellers are strictly prohibited from completing deals outside SpotMV. Violation may result in deposit forfeiture, account ban, and possible legal action.
SECTION C: GENERAL TERMS
14. Account Security
- Users are responsible for keeping account details confidential.
- Fraudulent activity or false data may lead to suspension or legal action.
15. Account Closure & Refunds
- To close an account and claim refund, users must apply at the SpotMV office.
- Refunds take 5–7 working days and are sent to the user’s registered bank account.
16. SpotMV Liability Disclaimer
SpotMV acts only as a facilitator and is not a direct party in ownership transfer. SpotMV is not responsible for any post-sale mechanical, legal, or ownership issue.
17. Privacy & Data Use
SpotMV may collect and retain user data, inspection photos, and records for verification, legal, and audit purposes. All data is securely stored and never sold or misused.
18. Modification of Terms
SpotMV reserves the right to modify these Terms at any time. Changes take effect immediately upon posting on spotmv.com.
