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Car Sale Agreement
"I need a Car Sale Agreement for selling my dealership's certified pre-owned 2023 BMW X5 to a corporate buyer, with a trade-in arrangement and extended warranty options to be delivered by March 2025."
1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and odometer reading
5. Purchase Price and Payment: Specifies the agreed purchase price, payment method, and payment terms
6. Seller's Warranties: Warranties provided by the seller regarding vehicle condition, ownership, and encumbrances
7. Transfer of Ownership: Terms regarding the transfer of vehicle title and registration
8. Condition of Vehicle: Statement of the vehicle's current condition and any known defects
9. Risk and Insurance: Specifies when risk transfers to the buyer and insurance requirements
10. Completion of Sale: Details of the completion process, including delivery/collection arrangements
11. General Provisions: Standard contract clauses including governing law, entire agreement, and dispute resolution
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase - include when there is a trade-in arrangement
2. Finance Terms: Details of financing arrangements - include when seller is providing finance or when there's vendor financing involved
3. Cooling-off Period: Terms of any cooling-off period - include for private sales in jurisdictions where applicable
4. Extended Warranty: Details of any extended warranty being provided - include when additional warranty is being offered
5. Modifications: Details of any modifications to the vehicle - include when vehicle has been modified from original specifications
6. Outstanding Repairs: List of any repairs agreed to be completed before or after sale - include when there are pending repairs
1. Schedule 1 - Vehicle Inspection Report: Detailed report of vehicle inspection including photographs and condition assessment
2. Schedule 2 - Service History: Documentation of vehicle service history and maintenance records
3. Schedule 3 - Registration Documents: Copies of current registration documents
4. Schedule 4 - Vehicle History Report: Official vehicle history report showing ownership and accident history
5. Appendix A - Handover Checklist: List of items to be provided upon vehicle handover (keys, manuals, etc.)
6. Appendix B - Payment Schedule: Detailed payment schedule if payment is to be made in installments
Authors
Automotive
Retail
Financial Services
Insurance
Transportation
Fleet Management
Vehicle Leasing
Auto Parts and Services
Sales
Legal
Compliance
Finance
Documentation
Risk Management
Operations
Customer Service
Quality Assurance
Sales Manager
Finance Manager
Compliance Officer
Legal Counsel
Fleet Manager
Car Dealer Principal
Automotive Sales Consultant
Business Development Manager
Contract Administrator
Risk Manager
Vehicle Inspector
Documentation Specialist
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