Vehicle Sale Deed Agreement Sample

When it comes to buying or selling a vehicle, having a sale deed agreement is crucial for both parties involved. A sale deed agreement is a legal document that outlines the terms and conditions of the sale, and serves as proof of ownership transfer.

If you`re looking for a vehicle sale deed agreement sample, you`ve come to the right place. Below, we`ll discuss the key components of a sale deed agreement and provide you with a sample to use as a guide.

Key Components of a Vehicle Sale Deed Agreement

1. Parties Involved: The first section of a sale deed agreement should identify the parties involved in the sale. This includes the name and address of the buyer and seller, as well as the make, model, year, and VIN (vehicle identification number) of the vehicle being sold.

2. Purchase Price and Payment Terms: The sale deed agreement should clearly state the purchase price of the vehicle and any payment terms agreed upon by both parties. This can include a down payment, financing terms, or any other payment arrangements.

3. Vehicle Condition: It`s important to include a section in the sale deed agreement that outlines the condition of the vehicle at the time of sale. This can include any known defects or issues with the vehicle, or a statement that the vehicle is being sold “as is.”

4. Transfer of Ownership: The sale deed agreement should include language that confirms the transfer of ownership from the seller to the buyer. This can include a statement that the seller will provide the necessary documentation to transfer ownership (such as a title), as well as a timeline for when this will occur.

5. Other Terms and Conditions: Depending on the specifics of the sale, there may be other terms and conditions that need to be included in the sale deed agreement. This can include things like warranties, insurance requirements, or any other conditions agreed upon by both parties.

Vehicle Sale Deed Agreement Sample

[Insert Date]

SALE DEED AGREEMENT

This Agreement made on [insert date] between [insert seller`s name and address] (hereinafter referred to as “Seller”) and [insert buyer`s name and address] (hereinafter referred to as “Buyer”).

WHEREAS, Seller desires to sell and Buyer desires to buy the motor vehicle described as follows:

[insert make, model, year, and VIN of vehicle being sold]

NOW, THEREFORE, the parties agree as follows:

1. Purchase Price: The purchase price for the vehicle is [insert purchase price].

2. Payment Terms: Buyer shall make a down payment of [insert down payment amount] upon execution of this Agreement, with the balance to be paid in full on or before [insert date of final payment].

3. Vehicle Condition: The vehicle is being sold in its present condition, “as is,” without any warranties or representations as to its condition or fitness for any particular purpose.

4. Transfer of Ownership: Upon receipt of full payment, Seller shall provide Buyer with all necessary documentation to transfer ownership of the vehicle, including a valid title.

5. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of [insert state].

6. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

SELLER:

[insert seller`s signature]

[insert seller`s name]

BUYER:

[insert buyer`s signature]

[insert buyer`s name]