Is it permissible to buy a car for a price lower than what was sold to the buyer, after it has been used for a long time?
Machine translationRead the Arabic original
The Shaykh:
May Allah reward you.
The presenter:
May Allah.
The questioner:
One of the brothers asks, saying: I sold a car for twenty thousand, and after five years, the one I sold it to wanted to sell it, and it was worth only five thousand due to its deterioration. Should I buy it from the one I sold it to, whether he buys it from me on credit or...
The Shaykh:
There is no harm in it, because it has changed, and its price and condition have changed. The reprehensible thing is to sell the item, if he bought it on credit, to its owner for less. So, is it called *'inah* (a buy-back sale used to disguise a loan)? He buys it for one hundred and sells it afterwards for eighty cash to the one who bought it from him for one hundred, for example. Or he buys the item, such as a car, for ten thousand on credit or in installments, then sells it to the one who bought it from him for less than that. So, it is called *'inah*, and it is not permissible. However, after the conditions have changed, such as a car that suffered defects after long use, or a garment that has been worn, or something similar, and he sells it to him for less than that, there is no harm; because in that case, it is far from the intention of *riba* (usury or interest).
May Allah reward you.
The presenter:
May Allah.
The questioner:
One of the brothers asks, saying: I sold a car for twenty thousand, and after five years, the one I sold it to wanted to sell it, and it was worth only five thousand due to its deterioration. Should I buy it from the one I sold it to, whether he buys it from me on credit or...
The Shaykh:
There is no harm in it, because it has changed, and its price and condition have changed. The reprehensible thing is to sell the item, if he bought it on credit, to its owner for less. So, is it called *'inah* (a buy-back sale used to disguise a loan)? He buys it for one hundred and sells it afterwards for eighty cash to the one who bought it from him for one hundred, for example. Or he buys the item, such as a car, for ten thousand on credit or in installments, then sells it to the one who bought it from him for less than that. So, it is called *'inah*, and it is not permissible. However, after the conditions have changed, such as a car that suffered defects after long use, or a garment that has been worn, or something similar, and he sells it to him for less than that, there is no harm; because in that case, it is far from the intention of *riba* (usury or interest).
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 495 هل يجوز شراء سيارة بسعر أقل مما باعها للمشتري وقد استعماها زمن طويل ؟ للإمام ابن باز — youtube.com (0:42)
The Arabic text is a machine transcription of the audio recording.