Whipping up a Car Purchase Agreement is the last hurdle before you finally acquire that vehicle. A Vehicle Purchase Agreement is a sales agreement between the buyer and the seller and is an integral requirement when registering your vehicle. If you are purchasing a second-hand car from a private seller, the seller may ask you to sign a bill of sale, a simplified form of a Car Purchase Agreement.
Sales and Purchase Agreement for Car
Used Car Purchase Agreement
Private Car Purchase Agreement
Contents of a Car Purchase Agreement
- the seller’s name and address
- the buyer’s name and address
- the vehicle’s make, model, year, and color
- the vehicle identification number
- the vehicle’s mileage at the time of sale
- the date of sale
- the amount paid for the vehicle
- signatures of both the buyer and the seller
Date and Names
A Vehicle Purchase Agreement should first of all contain the date of the sale and the complete names of both the buyer and the seller.
Terms and Conditions
A Car Purchase Agreement must also contain the general terms and conditions of the sale made between both parties, wherein the seller states his desire to sell the acquired vehicle to the buyer based on certain terms and conditions.
This part of an agreement states the car’s physical details such as its make, model, vehicle type, bodywork, performance, body color, year, mileage, cubic capacity, serial number, vehicle identification number, initial registration, and insurance.
This clause also indicates the down-payment made or required to acquire the vehicle, the amount paid when the vehicle is delivered, or, the installment plan schedule if the vehicle is acquired through installment.
Car Purchase Agreement with Payments
Car Purchase Agreement PDF
Car Residential Purchase Agreement
Motor Vehicle Brokering Agreement
The date, time, and place of delivery is shown in this section of the agreement. This portion of the contract also indicates the seller’s responsibility to keep the vehicle in good condition until after the delivery is made.
Signatures of Both Parties
Once both the buyer and the seller have read and understood the contents of the contract, both parties should write their names in print together with their signatures and the date that the agreement was signed.
A Vehicle Purchase Agreement Form is necessary especially when purchasing secondhand vehicles. Protect yourself from the inconvenience of dealing with disputes and litigation. Our Car Purchase Agreement Forms will cover the necessary details you need to close that sale and bring home your dream car.
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