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Auto Purchase And Sale Agreement
"I need an Auto Purchase And Sale Agreement for a used BMW X5 being sold by my company's fleet division to a private buyer, with payment in installments over 12 months starting March 2025, and including specific warranties about the vehicle's condition and service history."
1. Parties: Identification of seller and buyer with complete details
2. Background: Context of the sale and purchase transaction
3. Definitions: Key terms used throughout the agreement
4. Vehicle Description: Detailed specification of the vehicle including make, model, registration number, chassis number
5. Purchase Price: Agreement on price and payment terms
6. Transfer of Ownership: Terms regarding transfer of title and registration
7. Warranties: Seller's warranties regarding vehicle condition and ownership
8. Completion: Details of completion process and requirements
1. Condition Report: Detailed report of vehicle condition - used for used vehicles or when specifically requested
2. Trade-in Terms: Terms related to trade-in vehicle - applicable when buyer is trading in another vehicle
3. Financing Terms: Details of financing arrangement - applicable when purchase involves external financing
4. Extended Warranty: Terms of any extended warranty coverage - applicable when additional warranty is being provided
1. Vehicle Inspection Report: Recent inspection report showing vehicle condition
2. Service History: Documentation of vehicle maintenance history
3. Registration Documents: Copies of current registration and ownership documents
4. Insurance Details: Current insurance documentation and transfer requirements
5. Payment Schedule: Detailed schedule of installment payments if applicable
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