Document background
The Auto Sales Agreement is a vital legal instrument used in the Philippines for documenting the transfer of ownership of motor vehicles. It is essential for both private sales and dealership transactions, ensuring compliance with Philippine legal requirements including the Civil Code, Consumer Act, and Land Transportation Office regulations. This document becomes necessary whenever a vehicle ownership transfer occurs, whether for new or used vehicles, and must include specific provisions required by Philippine law regarding vehicle identification, warranties, tax obligations, and registration transfer procedures. The agreement serves multiple purposes: it protects both parties' interests, facilitates vehicle registration transfer, supports financing arrangements when applicable, and provides documentation for tax and regulatory compliance.
