Terms & Auction Rules

These govern the use of Carbid.pk. Each set is versioned, and we ask you to agree again when we change one substantively.

Auction terms

If you are bidding on a vehicle, these are the rules.

Version 2, in force since 2 Sept 2026.

Who can bid

Bidding on Carbid is by approval. You ask for bidding access on the vehicle you are interested in, our team checks your request, and only then can you place a bid. We may decline a request or withdraw access without giving a reason.

Your bids are binding

Every bid you place is an offer to buy that vehicle at that price. Bids cannot be retracted or lowered. If you are the highest bidder when the auction closes and your bid is at or above the seller's reserve, you have committed to buy.

How an auction closes

An auction closes at its published end time. If a bid is placed in the final seconds, the clock extends by the number of seconds shown on the listing. This repeats for as long as bids keep arriving, so the highest bidder wins rather than the fastest connection.

If the highest bid does not reach the reserve, the vehicle does not sell. We may contact you afterwards to see whether a deal can still be reached.

An auction can also end early

A vehicle can be bought outright through a direct offer, before an auction opens or while it is running. We only accept an offer that beats the current bid by a margin, and accepting one does not end the auction on its own: bidding stays open until that buyer has paid an upfront and we have confirmed it.

Once we confirm it, the auction closes there and then and the vehicle is sold to the person who made the offer. If that happens we will tell you, and anything you have paid us upfront for that auction is reimbursed in full.

Reserve prices

Most auctions carry a reserve, which is the lowest price the seller will accept. The reserve is not published. A listing marked "no reserve" sells to the highest bidder whatever that turns out to be.

Deposits and payment

Where a deposit is required, the amount is shown on the listing. Deposits are refunded if you do not win and adjusted against the price if you do. Payment for the vehicle itself, and the transfer of ownership, are completed with our team outside the website.

Inspections and vehicle condition

Most vehicles are inspected by our team before they are listed, and the report is published on the listing. An inspection is a considered opinion on the day it was carried out. It is not a warranty, it is not a guarantee, and it does not cover faults that were not visible or that developed afterwards.

Some vehicles are listed directly by sellers we have approved to do so. Those listings say "not inspected by Carbid" and carry no report. You are buying those on the same basis as a private sale.

You are responsible for satisfying yourself about any vehicle before you bid, including by viewing it in person where that is offered.

Behaviour

We may block an account from an auction, or from the platform, if we believe it is bidding without intending to buy, bidding on its own vehicle, interfering with an auction or abusing our team.

Changes

We may change these terms. If a change is substantive we will publish a new version and ask you to agree again before you bid.

Offer terms

If you are offering to buy a vehicle outright, before or during its auction.

Version 2, in force since 2 Sept 2026.

What an offer is

An offer is an approach to buy a vehicle outright, either before its auction opens or while it is running. It is not a bid, and making one does not enter you into the auction.

Your offer is binding on you

By submitting an offer you commit to buy the vehicle at that price if we accept it. You may withdraw an offer only before we accept it.

We are not obliged to accept

The seller and Carbid may accept, decline or ignore any offer. Where an auction is already running we will only accept an offer that beats the current bid by a margin, and we may let the auction run instead.

The upfront payment

If your offer is accepted, it is accepted provisionally. The vehicle stays listed and keeps taking bids until you have paid the upfront amount shown on the listing and a member of our team has confirmed it has arrived. Only then is the vehicle held for you.

At that moment the auction closes. Everyone bidding is told that the vehicle has been sold through a direct offer, and anything they paid upfront is reimbursed to them in full.

If the upfront is not confirmed within the time shown when your offer is accepted, the acceptance lapses, the vehicle carries on as normal, and you are free to offer again or to bid.

Refunds of your upfront

The upfront is adjusted against the purchase price on completion. If we cannot complete the sale for a reason that is not your fault, it is refunded in full. If you walk away after your offer has been accepted and the upfront confirmed, we may keep it.

How the money moves

Carbid does not take card payments on this website. You send the upfront to one of the accounts we publish, give us the reference, and a member of our team confirms it by hand. Nothing is held in escrow.

Everything else

The auction terms apply to an offer as well, including the sections on inspections, vehicle condition and behaviour.

Rental terms

If you are renting a vehicle through Carbid.

Version 1, in force since 2 Sept 2026.

Who you are renting from

Vehicles listed for rent on Carbid belong to independent rental businesses, not to Carbid. We verify that the business exists and is who it says it is before its fleet appears on the site. We do not own the vehicles, we do not maintain them, and we do not drive them.

Booking and confirmation

Choosing dates and submitting a booking is a request, not a confirmed rental. The dates are held for you for the period shown when you book. Your booking is confirmed only when you have paid the upfront and a member of our team has confirmed it has arrived. If we do not receive it in time, the hold lapses and the dates are released.

The upfront

The upfront is a part payment of the rental, shown to you before you book and calculated from the rate the rental company publishes. It is adjusted against what you owe at the end of the rental.

If the rental company cannot supply the vehicle, or if we cancel your booking, the upfront is returned to you in full. If you cancel, whether it is returned depends on how much notice you give and is agreed with the rental company.

How the money moves

Carbid does not take card payments on this website. You send the upfront to one of the accounts we publish, give us the reference, and a member of our team confirms it by hand. Nothing is held in escrow. The rest of the rental, any security deposit, and any charges at the end are settled directly with the rental company.

With and without a driver

Where a vehicle is offered with a driver, the driver is provided by the rental company and remains their responsibility. Where a vehicle is offered for self drive, you must hold a valid Pakistani driving licence for that class of vehicle and produce it and your CNIC at pickup. The rental company may refuse to hand over a vehicle if you cannot.

Your period, and returning late

Rentals are quoted in whole days, rounded up. The pickup and return times you choose are part of the booking. Returning a vehicle late may be charged at the rental company's own rate, and if the vehicle is booked by somebody else after you, returning it late affects them too.

Mileage, fuel and condition

Any daily mileage allowance and the charge beyond it are shown on the listing. Fuel policy, tolls, fines and traffic violations during your rental are yours. You are responsible for returning the vehicle in the condition you took it, and the rental company may inspect it at handover in both directions.

Damage, breakdown and insurance

Report any accident, damage or breakdown to the rental company immediately, and to the police where the law requires it. Insurance cover, excess and liability differ per vehicle and per company, and are agreed with the rental company. Carbid does not insure the vehicle or your use of it.

What we are responsible for

We are responsible for listing vehicles honestly, for handling your booking and upfront properly, and for helping when something goes wrong. The rental agreement itself is between you and the rental business.

Behaviour

We may cancel a booking or close an account that we believe is booking without intending to rent, using a vehicle unlawfully, or abusing a rental partner or our team.

Changes

We may change these terms. If a change is substantive we will publish a new version and ask you to agree again before your next booking.

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