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Bill Of Sale Agreement For Car
"I need a Bill of Sale Agreement for Car to sell my personal Toyota Land Cruiser to a private buyer in Riyadh, with the transfer scheduled for March 15, 2025; the agreement should include provisions for payment in two installments and specify that the vehicle comes with an extended warranty."
1. Parties: Identification of the seller and buyer with full legal names, national ID numbers/Iqama numbers, and contact details as required by Saudi regulations
2. Background: Brief context of the sale transaction and confirmation that the seller is the legal owner of the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Transfer Date', and other relevant terms
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, registration number, and odometer reading
5. Sale and Purchase: Clear statement of the transfer of ownership and the agreed purchase price
6. Payment Terms: Details of the payment method, timing, and confirmation of receipt
7. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of liens or encumbrances
8. Transfer of Title: Process and obligations for transferring vehicle registration at the Traffic Department (Muroor)
9. Delivery: Details of vehicle handover including timing, location, and included items
10. Governing Law: Specification that the agreement is governed by Saudi Arabian law and Sharia principles
11. Execution: Signature blocks for both parties with witness requirements as per Saudi law
1. Vehicle Condition: Detailed description of the vehicle's current condition, to be included when selling used vehicles
2. Inspection Report: Reference to professional inspection results, recommended for high-value or luxury vehicles
3. Outstanding Fines: Declaration regarding any outstanding traffic fines or violations, important for used vehicles
4. Warranty: Any remaining manufacturer warranty or additional warranties offered, relevant for newer vehicles
5. Insurance Transfer: Provisions regarding transfer or termination of existing insurance, if applicable
6. Dispute Resolution: Specific dispute resolution procedures, recommended for high-value transactions
7. Language: Provision for dual language (Arabic/English) interpretation, needed when one party is non-Arabic speaking
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all features and modifications
2. Schedule 2 - Vehicle Inspection Report: Copy of recent vehicle inspection report or condition assessment
3. Schedule 3 - Payment Schedule: If payment is in installments, detailed breakdown of payment terms and dates
4. Schedule 4 - Included Accessories: List of all accessories, spare parts, and additional items included in the sale
5. Appendix A - Required Documents: Checklist of all documents required for vehicle transfer in Saudi Arabia
6. Appendix B - Vehicle History: Service history, previous ownership, and maintenance records if available
Authors
Automotive
Retail
Financial Services
Insurance
Transportation
Fleet Management
Vehicle Leasing
Auto Dealerships
Legal Services
Government Services
Legal
Compliance
Fleet Management
Sales
Documentation
Risk Management
Procurement
Finance
Administrative Support
Asset Management
Legal Counsel
Compliance Officer
Fleet Manager
Sales Manager
Automotive Dealer
Contract Administrator
Risk Manager
Insurance Manager
Vehicle Registration Specialist
Documentation Officer
Corporate Secretary
Procurement Manager
Asset Manager
Finance Manager
Legal Administrative Assistant
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