Terms and Conditions for SALV Motors
1. Introduction
Welcome to SALV Motors. By using our services, including investment opportunities, vehicle repair, and restoration, you agree to the following Terms and Conditions. Please read them carefully.
2. Services Provided
SALV Motors offers the following services:
- Sourcing and purchasing damaged vehicles
- Vehicle repair and restoration, including engine repairs, bodywork, and painting
- Vehicle inspection and fitness checks
- Investment opportunities in salvage cars with expected returns
- Sale of restored vehicles
3. Investment Terms
- Investments are made in damaged vehicles that are sourced and repaired by SALV Motors.
- Returns on investment (ROI) are based on the vehicle’s condition, repair costs, and market conditions. While SALV Motors aims to provide a return of 20%–50%, ROI is not guaranteed.
- The minimum investment amount is specified in individual agreements, and returns are typically provided within 2 to 6 months depending on the specific investment.
- All investments are subject to risk, and SALV Motors does not guarantee profits.
- Investments will be secured through post-dated cheques (PDC) for the full investment amount.
4. Vehicle Repairs and Restoration
- All vehicles submitted for repair or restoration are assessed before work begins. The scope of repairs and associated costs will be agreed upon in writing with the customer.
- SALV Motors is not responsible for pre-existing conditions not disclosed by the customer prior to service.
- All repairs and restorations come with a limited warranty as specified in the individual repair agreement.
5. Payments and Fees
- Payments for services must be made as per the terms outlined in the service agreement.
- For investments, full payment is due before any work begins on sourcing or repairing the vehicle.
- Late payments may incur additional fees as outlined in the agreement.
6. Ownership and Rights
- The ownership of all vehicles and parts remains with the customer or investor until full payment is made for the services or investments.
- SALV Motors retains the right to repossess any vehicle if payments are not received as per the agreed terms.
7. Liability
- SALV Motors is not liable for any loss, damage, or injury resulting from the use of vehicles purchased through investment opportunities or services.
- SALV Motors is not liable for any indirect, incidental, or consequential damages arising from vehicle repairs, investments, or delays in returns.
8. Confidentiality
- SALV Motors will protect the confidentiality of all personal and investment information. We will not disclose any sensitive information to third parties without your consent unless required by law.
9. Amendments
- SALV Motors reserves the right to amend or update these Terms and Conditions at any time. All changes will be communicated to customers and investors.
10. Dispute Resolution
- Any disputes related to these Terms and Conditions will be resolved through arbitration or mediation, in accordance with local laws and regulations.
11. Governing Law
- These Terms and Conditions are governed by the laws of the United Arab Emirates (UAE). Any legal action or dispute will be resolved within the jurisdiction of the UAE.
12. Contact Information
For any questions or concerns regarding these Terms and Conditions, please contact SALV Motors.
By using SALV Motors’ services or making an investment, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.