AUCTION: Disposal of Salvage / Company Maintained Vehicles

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. UIG Group invites sealed bids for the disposal of salvage vehicles located in Lahore. The sale is on an "AS IS WHERE IS" basis, meaning bidders must inspect and accept the vehicles in their current condition without any claims later. The vehicles offered include a Hyundai Tucson M-2025 and a Toyota Corolla XLI M-2014, both placed in Lahore. Bidders should note that a withholding tax of 10% for filers and 20% for non-filers will be charged on the offered price in addition to the bid amount. Interested parties are encouraged to contact UIG Group for further information and to arrange inspections. The auction provides an opportunity for buyers to acquire salvage vehicles directly from the company. Sealed bids must be submitted by the closing date of September 7, 2026. The contact number for inquiries is 0320-3570470, and the office is located at 1-A Upper Mall, Lahore. Bidders are advised to prepare their Earnest Money Deposit (EMD) or bid security as per auction requirements and ensure timely submission of bids. It is recommended to verify the vehicle conditions personally before bidding to avoid any disputes. This auction is suitable for vehicle dealers, scrap dealers, and individuals interested in salvage vehicles. Proper documentation and compliance with tax regulations are essential for successful participation.