THIS VEHICLE SALES AGREEMENT is made this day of _, 20 _, by and among _______ ________________ (hereinafter known as "Seller") and ___ _ __________, (hereinafter known as "Buyer"). Buyer and Seller shall collectively be known herein as "the Parties". BACKGROUND
WHEREAS, Seller desires to sell the vehicle described below, known herein as the "Acquired Vehicle", under the terms and conditions set forth below; WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the terms and conditions set forth below; and, therefore, TERMS AND CONDITIONS
IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by the Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows: A. Description of Acquired Vehicle.
1. Make: __________
2. Model: __________
3. Body Type: __________
4. Body Color: __________
5. Year: __________
6. Miles: __________
7. Vehicle Identification Number ("VIN"): __________________________ B. Consideration.
1. Purchase Price. The total purchase price to be paid by Buyer to Seller for the Acquired Vehicle is ______________________________ dollars ($_______) (U.S.) (hereinafter "Purchase Price") consisting of the following components: i. Down-payment: $__________ (Due to Seller on or before execution of this agreement.) ii. Payment Due at Delivery of Vehicle to Buyer: $__________ per month until balance is paid in full. The "down-payment" and “payment due at delivery” are to be made by Buyer to Seller in cash, by certified check, or through another instrument acceptable to Seller. Buyer must receive permission in advance from Seller for use of a non-certified check in payment of the Purchase Price. Note: The buyer agrees to pay a monthly payment of until remaining balance is paid-off. The Seller warns the Buyer that if it takes longer than months for Seller to receive a payment, Seller has the full authority to repossess the vehicle without the Buyer’s permission. If this were to happen then this contract set forth will no longer be valid and should be voided as any legal instrument used against the Seller. C. Delivery of Acquired Vehicle and Conveyance of Title
1. Delivery of Acquired Vehicle. Seller shall deliver the Acquired Vehicle, and Buyer shall take possession of same, at Seller's premises (either in person or through a third party) on or before __________ ("Delivery Date"). If delivery is to be made at a date after the execution of this contract, it is Seller's duty to ensure that the Acquired Vehicle is delivered in the same condition as when last inspected by the Buyer (or, if no Buyer inspection, the execution date of this agreement). It is Buyer's duty, either in person or through a third party to appear at Seller's premises during standard business hours on or before the Delivery Date to remove the Acquired Vehicle from Seller's premises. However, if Buyer fails to appear at Seller's premises on or before the Delivery Date to accept possession of the Acquired Vehicle, then risk of loss passes to the Buyer on the Delivery Date. 2. Conveyance of Title. Seller shall convey title to Buyer upon delivery of last payment owed on the vehicle. Seller agrees and covenants to execute all documents presented by Buyer which are necessary to finalize transfer of title and registration upon the Acquired Vehicle to Buyer.
D. Representations, Warranties, and Disclosures
1. Warranties. This vehicle is sold "AS IS", and Seller does not in any way, expressly or impliedly, give any warranties to Buyer. Seller expressly disclaims any implied warranties of merchantability or of fitness for a particular purpose. 2. Odometer Declaration. Seller hereby states that the odometer in the Acquired Vehicle now reads __________miles and to the best of Seller's knowledge it reflects the actual mileage of the...