Car Sale Agreement

Car Sale Agreement

This Car Sale Agreement ("Agreement") is entered into on [Date], by and between [Seller's Name] residing at [Seller's Address] and [Buyer's Name] residing at [Buyer's Address]

I. Description of Vehicle

Make: Toyota

Model: Camry

Year: 2018

VIN (Vehicle Identification Number): 1ABC23DE4F5678901

Mileage: 50,000 miles

Color: Silver

II. Purchase Price

The individual referred to as the Buyer agrees with the terms outlined to purchase the vehicle, the details of which have been described above, from the entity referred to as the Seller. The total purchase price for this transaction has been agreed upon to be a sum of fifteen thousand US Dollars (USD 15,000).

III. Payment Terms

The Buyer shall pay the purchase price in the following manner:

  • A deposit of USD 1,000 is due upon signing this Agreement.

  • The remaining balance of USD 14,000 shall be paid in full by cash upon delivery of the vehicle.

IV. Transfer of Ownership

The Seller is fully prepared and willing to transfer the rights and ownership of the said vehicle, making the Buyer the legal owner, but this can only be done once the agreed-upon total cost for the vehicle is fully paid by the Buyer. The amount should be properly received by the Seller before initiating the ownership transfer process.

V. Warranties and Disclaimers

The Seller warrants that they have full ownership rights to the vehicle and that it is free from any liens or encumbrances. The Seller makes no other warranties, express or implied, regarding the condition or performance of the vehicle.

VI. Vehicle Inspection

The Buyer acknowledges that they've inspected the vehicle and accepts it. They understand that no additional warranties are provided by the Seller, and they won't hold the Seller responsible for any defects discovered post-purchase. It's advised that the Buyer conducts a thorough inspection or seeks professional help to ensure they're fully informed about the vehicle's condition before finalizing the purchase.

VII. Title Transfer and Registration

The Seller in this contract agrees to transfer the vehicle's title to the Buyer upon receipt of full payment. The payment refers to the vehicle's selling price as stated in this agreement. Additionally, the Buyer will cover all costs and obligations related to the title transfer and vehicle registration, separate from the vehicle's purchase price.

VIII. Liability Release

If there is a transfer of ownership, any damages, liabilities, or expenses that may subsequently arise from the use or operation of the vehicle are not the responsibility of the seller, and therefore, the seller shall not be held accountable under such circumstances.

IX. Governing Law

The Agreement that is under consideration in this instance shall be presided over and comprehended by the laws, rules, and regulations that are prevalent or, in other words, currently in force or effect within the boundaries of the specified State or Country. Furthermore, this particular Agreement will be regarded as being under the jurisdiction, and hence subject to, the regulations, norms, and laws of the specified location, which may be a State or Country.

X. Signatures

Following the date that has been first drafted or written in the document, all parties who are involved with this process have consciously chosen to not only execute this Agreement but also to officially bring it into action or effect. Furthermore, they all agree upon the stipulations or conditions that have been outlined within the terms of the Agreement.

[SELLER'S NAME]

[BUYER'S NAME]

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