After receiving the full payment, the seller agrees to transfer the buyer`s property to the buyer on the following vehicle: If you sell a used car privately, it is important to give the buyer a “reception sold, verified and authorized without warranty”. This is why it is always recommended that buyers obtain a mechanical test report before purchasing a used vehicle. This will provide much more information about the condition and condition of the car and ensure that everything works as it should. The agreement contains provisions for the basic logistics of the sale, for example. B price and delivery details. It also contains different options, which can be locked up or excluded, such as a cooling-off period (if the buyer wants a few days to cool down and perhaps change his mind and withdraw from the contract), a financing condition (if the buyer terminates the contract, if he does not receive a loan), a condition for the inspection conditions (if the buyer wishes the possibility of terminating the contract if there is no mechanical inspection) and any other unique condition that the parties wish to include. This agreement, which refers to different terms, such as the contract. B car purchase, usually contains information about the buyer, the dealer and the car itself. It also contains prices and how the vehicle is paid. For an incentive, merchants usually offer free items or services to the buyer. Be sure to make a list of all these offers and make sure they are all included in the sales contract.
These free items should include a zero amount in the agreement. If not, co-run the amount, and write zero ($0) next to it, and subtract that amount from the total purchase. Or better yet, ask the seller to reprint the 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.” The purchase/vehicle contract is a contract for the sale and purchase of the vehicle or other vehicle. Therefore, “vehicle purchase contract” is a general term and can relate to different types of sales contracts, provided the types relate to the sale of the vehicle. A used car sales contract is signed when a used vehicle is purchased either by a certified dealer or by a person owning it. The document is very important for both the buyer and the seller of the vehicle.