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The Car Sale Payment Agreement is a crucial document used in Saudi Arabia when conducting vehicle sales transactions that involve specific payment arrangements. This agreement is essential for both private and commercial vehicle sales, particularly when payments are structured or made in installments. It ensures compliance with Saudi Arabian commercial law and Sharia principles while protecting both buyer and seller interests. The document is commonly used by car dealerships, private sellers, and financial institutions to formalize vehicle sales, establish payment terms, and document ownership transfer requirements. It includes critical details about the vehicle, payment schedule, warranties, and obligations of all parties involved, while ensuring adherence to local traffic authority regulations and consumer protection laws.
