Preview

VEHICLE SALES AGREEMENT. Example

Powerful Essays
Open Document
Open Document
1272 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
VEHICLE SALES AGREEMENT. Example
VEHICLE SALES AGREEMENT
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

You May Also Find These Documents Helpful

  • Satisfactory Essays

    This letter is not an official purchase agreement. All of the terms and conditions of the proposed transaction would be stated in the Purchase Agreement, to be negotiated, agreed and executed by both…

    • 249 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    IN CONSIDERATION OF THE COVENANTS and agreements contained in this Sales Agreement, the parties to this Agreement agree as follows:…

    • 912 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Clayton Antitrust Act

    • 567 Words
    • 3 Pages

    The sales were to be carried out on the condition that the buyer will not deal with or have any transaction with the competitors of the seller. Another condition was that the buyer can purchase another product, however that can be done only after the competition is lessened as a result of these acts.…

    • 567 Words
    • 3 Pages
    Good Essays
  • Good Essays

    If you can’t reach an agreement, write up the Letter of Agreement setting out the terms you’ve…

    • 903 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The credit terms were displayed on the windshield of the cars (printed on a 2 ¼” x 3 5/8”sticker) that were for sale. These terms included the price, the down payment, the terms in months, and the average interest rate applied to the installment payments.…

    • 1872 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    IN CONSIDERATION OF the matters described above and of the mutual benefits and obligations set forth in this agreement, is agreed as follows:…

    • 713 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    NOW, THEREFORE, in consideration of the releases and mutual promises contained herein and other good and valuable consideration exchanged among the Parties, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:…

    • 448 Words
    • 2 Pages
    Good Essays
  • Good Essays

    American Civics Exchange

    • 1226 Words
    • 5 Pages

    If the transaction between you and the seller takes place at a price that equals your valuation of the product, then:…

    • 1226 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    a) A bill of sale conveying the business sold herein, free and clear of any liens, mortgages, debts or encumbrances except as otherwise provided for herein;…

    • 2603 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Implied terms means when in case of sale the seller has right to sell the goods. It is also an agreement to sell, the seller will have the right to sell the goods at the time when the ownership transfers. That the goods are free from any charge or encumbrance in favour of a 3rd party, which was not disclosed to the buyer before the contract was made. That the buyer will enjoy quiet possession of the goods undisturbed by the claims of a 3rd party…

    • 1306 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Wise Car Buying Process

    • 1138 Words
    • 5 Pages

    Buying a car is one of the most important decisions a consumer will make. Consumers will often feel overwhelmed when going through the car buying process. Being educated on the process is arguably the most important factor of getting the biggest bang for your buck. Car salesman are not looking out for the consumer. Their only objective is make the most money off you as possible. When car buying the consumer needs to remember three wise tips. Be educated on the haggling process, know which buying process is the best for you, and determine if there is an actual need to purchase the car.…

    • 1138 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Legal Pleading

    • 2374 Words
    • 10 Pages

    The purpose of this Agreement is to settle the parties' rights and obligations pertaining to:…

    • 2374 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    A contract is an agreement that is either spoken or written and is enforceable by the law. For the contract to be valid and binding, several elements must exist. Execution, mutual promises, parties, and terms of performance are the factors that must exist. There also must be an offer, consideration, acceptance, and mutuality for a contract to remain legally binding and helpful on instances of any breach (Burton 2009). The most important part of the contract is closing the deal. The point of the actual sale of the blue four-door sedan, which Jim and Laura both agreed they liked, would be the close of the deal in this case. After reviewing…

    • 897 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    WHEREAS, the Seller desires to sell to Buyer, and Buyer desires to purchase from the Seller, the Aircraft; and…

    • 2516 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Buying a Car

    • 774 Words
    • 2 Pages

    Next, the buyer should decide on the amount they are willing to pay for the car that they want. You have to set a budget. Sometimes the car buying process can be overwhelming, especially when your time is limited. When you enter the dealer’s showroom without knowing for sure how much you want to spend, there is the chance that the buyer will be persuaded to buy something more expensive than they expect. Looking at local dealerships,…

    • 774 Words
    • 2 Pages
    Good Essays

Related Topics