When it comes to buying or selling a car, having a written agreement of sale is essential. This document outlines the terms and conditions of the transaction and protects both the buyer and seller from any misunderstandings or disputes that may arise in the future.
To help you create an agreement of sale for your car, we’ve put together a sample document you can use as a starting point.
Agreement of Sale for a Car
This agreement of sale (“Agreement”) is made on 2024 between [seller’s name], whose address is [seller’s address] (“Seller”) and [buyer’s name], whose address is [buyer’s address] (“Buyer”).
1. Description of the Car
The Seller agrees to sell and the Buyer agrees to purchase the following car:
Make:
Model:
Year:
Color:
Mileage:
Vehicle identification number (VIN):
2. Purchase Price
The purchase price for the car is $[insert amount in words] ($[insert amount in numbers]). The Buyer agrees to pay the Seller the full purchase price in cash/cheque/bank transfer.
3. Title and Registration
The Seller confirms that they are the legal owner of the car and have the right to sell it. The Seller agrees to transfer the title and registration to the Buyer upon receipt of the full purchase price.
4. Warranty
The Seller sells the car “as is” and makes no warranties or representations regarding the condition of the car. The Buyer agrees to purchase the car without any warranty or guarantee from the Seller.
5. Liability
The Seller is not responsible for any damage or injury caused by the car after it has been sold to the Buyer. The Buyer agrees to indemnify and hold the Seller harmless from any and all claims, damages, or expenses arising from the use of the car.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [insert state or country].
7. Entire Agreement
This Agreement constitutes the entire agreement between the Seller and the Buyer and supersedes all prior negotiations, understandings, and agreements between the parties.
8. Signatures
The Buyer and Seller agree to the terms and conditions of this Agreement as set forth above and have executed this Agreement as of the date first written above.
Seller’s Signature:
Date:
Buyer’s Signature:
Date:
Conclusion
Creating an agreement of sale for your car can help protect both the buyer and seller from any misunderstandings or disputes that may arise. This sample agreement of sale is a great starting point for creating your own document, but it’s important to tailor it to your specific situation and seek legal advice if necessary.