Placing a Deposit

In order to set budgets inside Zulfiqar Auctions, a JY100,000 deposit is required. This deposit is only valid for one purchase at auction. For every subsequent purchase, an additional deposit of JY100,000 is payable. If budgets are placed on two different cars but only one deposit payment is received, following the first purchase the remaining budgets will be ignored (sometime it's depend on your business terms/relations with Zulfiqar).

Customer deposit is refundable at anytime. However, ALL BANK TRANSACTION CHARGES must be borne by the customer. Any deposit made by credit card becomes refundable one month after the payment date and is subject to a 3% refund processing fee plus bank transaction charges.

Zulfiqar will not be able to ship your vehicle until received 50% of the total invoice amount. For this reason, we recommend that you pay at least 50% of the purchase price as a deposit to avoid any unnecessary delay in shipping. This will also save on bank transaction fees as fewer transactions need to be made.

Zulfiqar reserves the right to block or cancel registration to our Zulfiqar Auto Auction In these cases, we will refund the deposit paid, subject to bank charges described above. Customers accessing our Zulfiqar Auto Auction without successful purchases within a reasonable time frame are subject to auction access cancellation and deposit refund.