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Used Car Sales Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Used Car Sales Agreement

"I need a Used Car Sales Agreement for selling my Toyota Camry to a private buyer in Riyadh, with provision for a 3-day inspection period and payment in two installments, with the final payment due March 15, 2025."

Document background
The Used Car Sales Agreement is essential for documenting the transfer of ownership of pre-owned vehicles in Saudi Arabia. This document is designed for use in both private sales and commercial dealership transactions, providing a legally robust framework that complies with Saudi Arabian regulations and Islamic law principles. It should be used whenever a used vehicle is being sold, whether between private individuals or through commercial entities. The agreement includes crucial details about the vehicle's condition, history, and specifications, along with warranties, payment terms, and transfer procedures. It incorporates requirements from relevant Saudi legislation including traffic laws, consumer protection regulations, and commercial law, while ensuring transparency and protecting both parties' interests in the transaction.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete contact details and official identification numbers

2. Background: Brief context of the sale and confirmation that the seller owns the vehicle free from encumbrances

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, mileage, color, and registration details

5. Sale and Purchase: Core terms of the transaction including the agreed purchase price and confirmation of sale

6. Payment Terms: Details of the purchase price, payment method, and payment schedule if applicable

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of outstanding loans or fines

8. Vehicle Condition: Detailed description of the vehicle's current condition, known defects, and maintenance history

9. Transfer of Ownership: Process and requirements for transferring vehicle ownership including registration procedures

10. Completion: Details of when and where the vehicle handover will occur

11. Governing Law and Jurisdiction: Confirmation that Saudi law governs the agreement and specification of dispute resolution procedures

Optional Sections

1. Inspection Period: Used when buyer is given time to inspect the vehicle and possibility to withdraw from the purchase

2. Warranty Terms: Include when seller provides additional warranties beyond statutory requirements

3. Insurance Requirements: Used when specific insurance arrangements need to be in place before transfer

4. Trade-in Terms: Include when there is a vehicle trade-in as part of the transaction

5. Intermediary Details: Used when a broker or dealership is involved in the transaction

6. Finance Terms: Include when the purchase involves financing arrangements

7. Post-Sale Services: Used when seller agrees to provide maintenance or other services after sale

Suggested Schedules

1. Vehicle Inspection Report: Detailed technical inspection report showing vehicle condition and any defects

2. Vehicle Registration Documents: Copies of current registration cards and ownership documents

3. Service History: Record of vehicle maintenance and repairs

4. Vehicle Photographs: Documentation of vehicle condition through dated photographs

5. Payment Schedule: If payment is in installments, detailed breakdown of payment dates and amounts

6. Handover Checklist: List of items to be provided with the vehicle (spare keys, manuals, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



























Clauses


























Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Fleet Management

Vehicle Leasing

Automotive Parts and Services

Relevant Teams

Legal

Sales

Compliance

Finance

Operations

Risk Management

Procurement

Customer Service

Business Development

Contract Administration

Relevant Roles

Sales Manager

Automotive Dealer

Fleet Manager

Legal Counsel

Compliance Officer

Finance Manager

Insurance Manager

Vehicle Inspector

Sales Representative

Business Development Manager

Procurement Manager

Contract Administrator

Risk Manager

Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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