Title: Iran Opens Direct Car Purchasing to Public Through Commodity Exchange, Bypassing Traditional Lotteries
Article:
A New Avenue for Acquisition
In a significant move to streamline consumer access to major goods, the Iranian Commodity Exchange has expanded its offerings to include automobiles. This initiative provides a transparent and legal pathway for citizens to purchase vehicles directly, eliminating the need for traditional lottery systems and intermediaries. The process is designed to be accessible, requiring only a few key steps to participate in this official market mechanism.
The Step-by-Step Guide to Direct Purchase
The procedure for buying a car through the Commodity Exchange is structured to ensure clarity and regulatory compliance from start to finish.
Step 1: Registration on the Sejam Platform
The first step requires registration and identity verification on the Comprehensive System of Client Information (Sejam). This mandatory national system serves as the initial gateway for all potential buyers and can be completed online.Step 2: Obtaining a Trading Code
Following Sejam registration, individuals must apply for a specific Commodity Exchange trading code through an authorized broker. This code acts as an official identification for all transactions on the exchange.Step 3: Opening a Power-of-Attorney Bank Account
A dedicated power-of-attorney bank account must be opened at one of the designated banks. All financial transactions for the vehicle purchase, from the initial deposit to the final settlement, are processed securely through this account.Step 4: Transferring the Advance Payment
Prior to the sale date, the Commodity Exchange announces a required advance payment or guarantee deposit. Buyers must transfer this amount into their power-of-attorney account to be eligible to place an order.Step 5: Placing a Purchase Order
Once the funds are secured, buyers can place their order via their broker’s trading system, selecting their preferred vehicle model, color, and other specified conditions.
A Transparent and Competitive Process
Step 6: Participating in the Auction
On the day of the sale, a base price for the vehicle is announced. Qualified buyers then participate in a competitive, transparent, and online auction process. The highest bidders secure the right to purchase.Step 7: Final Settlement
Successful bidders are required to settle the remaining balance of the vehicle’s price, along with applicable taxes and legal fees, typically within a few days of winning the auction.Step 8: Vehicle Delivery
The final step involves the buyer selecting their preferred dealership for delivery through an online system. The vehicle is then delivered according to the schedule set by the manufacturing company.
This structured approach through the Commodity Exchange marks a continued effort to provide citizens with regulated and equitable methods for acquiring goods, reinforcing the framework for official economic transactions.