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Auto Purchase Contract
"I need an Auto Purchase Contract for a new Tesla Model 3 being purchased by my company from an authorized dealer in Mumbai, with financing through HDFC Bank and delivery scheduled for March 2025."
1. Parties: Identification of the seller (dealer/private seller) and buyer with complete details including names, addresses, and registration/license numbers
2. Background: Brief context of the transaction and the parties' intentions to enter into a vehicle purchase agreement
3. Definitions: Definitions of key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, registration number, and odometer reading
5. Purchase Price: Total purchase price, breakdown of costs, taxes, and registration fees
6. Payment Terms: Payment schedule, method of payment, and any deposit requirements
7. Delivery: Delivery terms, timing, location, and conditions for transfer of possession
8. Seller's Representations: Warranties and representations regarding vehicle condition, ownership, and encumbrances
9. Buyer's Obligations: Responsibilities of the buyer including registration transfer, insurance procurement
10. Transfer of Title: Process and requirements for transferring vehicle ownership
11. Governing Law: Specification of Indian law as governing law and jurisdiction
12. Dispute Resolution: Process for handling disputes between parties
13. Signatures: Execution block for all parties and witnesses
1. Trade-In Details: Used when buyer is trading in another vehicle as part of the purchase
2. Financing Terms: Required when the purchase involves financing or loan arrangements
3. Extended Warranty: Details of any extended warranty or service package purchased
4. Insurance Arrangements: Specific insurance requirements or arrangements if handled through the dealer
5. Accessories and Modifications: Details of any additional accessories or modifications to be included or installed
6. Registration Services: Terms regarding dealer assistance with vehicle registration process
7. Return Policy: Any specific return or exchange terms offered by the dealer
1. Schedule A - Vehicle Specification: Detailed technical specifications of the vehicle including engine details, features, and accessories
2. Schedule B - Payment Schedule: Detailed breakdown of payments including installments if applicable
3. Schedule C - Inspection Report: Pre-delivery inspection report detailing vehicle condition
4. Schedule D - Service History: For used vehicles, complete service history and maintenance records
5. Schedule E - Registration Documents: Copies of registration certificates and transfer documents
6. Appendix 1 - Vehicle Photos: Photographs of the vehicle documenting its condition at time of sale
7. Appendix 2 - Insurance Documents: Copies of insurance policies and coverage details
Authors
Automotive
Retail
Financial Services
Insurance
Transportation
Legal Services
Consumer Goods
Sales
Legal
Finance
Compliance
Documentation
Risk Management
Customer Service
Operations
Administration
Business Development
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Automotive Dealer
Business Development Manager
Contract Administrator
Documentation Specialist
Risk Management Officer
Vehicle Registration Coordinator
Insurance Coordinator
Customer Service Representative
Sales Executive
General Manager
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