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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."
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
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
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
Automotive
Retail
Financial Services
Insurance
Transportation
Fleet Management
Vehicle Leasing
Automotive Parts and Services
Legal
Sales
Compliance
Finance
Operations
Risk Management
Procurement
Customer Service
Business Development
Contract Administration
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
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