The vehicle sale contract for this vehicle sale contract is concluded on this day of , 20 , from and under (hereafter referred to as “seller”) and (hereafter referred to as “buyer”). Buyers and sellers are collectively referred to as “the parties.” Start your car sales contract by identifying the seller, buyer and reason for the contract and providing a detailed description of the vehicle, including measurements of the design, model, year, color, VIN and mileage meter. Include the date of sale and the agreed purchase price. If you do not plan to offer a warranty for the vehicle, describe the condition of the vehicle as “as it is.” Don`t forget to indicate what the seller makes available to the buyer, such as the title and other necessary documents. You can find tips on using a sales model at the address below! Another important function of the vehicle purchase contract is its use with respect to the sale bill of the vehicle. As mentioned above, the contract will reveal the full terms of the sale by the previous owner to the current one: the names (seller/buyer) in the transaction, the information of the car, the amount for which it was purchased, the rights and responsibilities transferred as a result of the sale contract. Buying a car from someone other than a dealer can be a difficult offer that you should receive as much as possible in writing. A handshake won`t cut it when it`s time to tackle problems that weren`t disclosed before the sale. Make a car sales contract as complete as possible. Add as much information as you can imagine to protect yourself from unscrupulous sellers and honest miscommunication. Look at this example: A car rental agreement may include the terms of the lease in the contract in which the buyer rents the vehicle for a certain period of time before having to pay the balance necessary to purchase the vehicle in full. This is a kind of credit-to-own plan in which the buyer rents the vehicle with the option to buy it later. These are two vehicle purchase contracts.
The full and immediate sale of the vehicle concerned may also be included in the vehicle contract. PandaTip: It is not normal to include a warranty in a private sale, but if the seller wishes, you can change this clause if necessary. One suggestion might be: “The vehicle is sold with a guarantee of its ability to drive and continue to operate safely for a period of XXX months and any failures that occur during this period will be corrected at the seller`s expense, except for defects caused by the buyer.” Place the words “seller,” “buyer” and “witness” at the bottom of the document in a signature area. Each party should have a witness. Insert seats for the buyer and seller to write their driver`s license numbers and date. Add a statement that the information provided by each party is true. Consider authenticating the contract for further protection. Make sure that the exchange value of the vehicle contained in the sales contract matches the seller`s offer. For any concerns about what you have agreed to, just refer to the sales contract. Everything you need to know could be accomplished in a few minutes. The buyer is not obliged to sign the contract, especially if the trader practices certain undesirable practices.