Document background
The Car Sold As Is Contract is essential for documenting vehicle sales transactions in Saudi Arabia where the seller wishes to transfer ownership without providing warranties or guarantees beyond the minimum required by law. This document is commonly used in both private sales and commercial dealership transactions, particularly for used vehicles. The contract must comply with Saudi Arabian law, including Islamic Sharia principles, the Saudi Traffic Law, and Consumer Protection regulations. It includes critical information such as vehicle details, condition disclosure, price, payment terms, and transfer procedures. The 'as is' nature of the sale must be explicitly stated and acknowledged by both parties. This document is crucial for protecting both sellers and buyers by clearly establishing the terms of sale and preventing future disputes regarding vehicle condition or responsibilities.
