It sure is fun and definitely an adventure having your own car, especially if you are always on the go! Indeed, having a car or any other vehicle for that matter would also seem like you have to maintain its status and its well-being every week or every month. It would be still worth it for some people, especially the ones who seek thrills and adrenaline, knowing a fun ride would take all their worries away.
Other than that, it is also of high importance to have a coverage for your vehicle, and when it comes to vehicle leases, here are some Sample Agreements that are definitely useful.
Download Vehicle Sales Agreement Bundle
Vehicle Sales Agreement with Payments
This Vehicle Sales Agreement (“Agreement”) is made and entered into as of June 24, 2024, by and between:
Seller: Name: John Doe
Address: 123 Maple Street, Springfield, IL 62701
Phone: (555) 123-4567
Email: [email protected]
Buyer: Name: Jane Smith
Address: 456 Oak Avenue, Springfield, IL 62702
Phone: (555) 987-6543
Email: [email protected]
Vehicle Information: Make: Toyota
Model: Camry
Year: 2018
VIN: 1HGCM82633A123456
Mileage: 45,000
Sale Price: The total purchase price for the Vehicle is $15,000 (“Purchase Price”).
Payment Terms:
- Deposit: The Buyer agrees to pay a deposit of $3,000 upon the signing of this Agreement.
- Balance Due: The remaining balance of $12,000 will be paid in 12 equal installments of $1,000 each, due on the 1st of each month, beginning on July 1, 2024, and ending on June 1, 2025.
- Payment Method: Payments shall be made by bank transfer.
Delivery of Vehicle: The Seller agrees to deliver the Vehicle to the Buyer on June 30, 2024, at 123 Maple Street, Springfield, IL 62701. The title and any related documents necessary for the transfer of ownership will be handed over to the Buyer upon full payment of the Purchase Price.
Warranties: The Vehicle is sold “AS IS,” with no warranties expressed or implied except for the following: none.
Title and Risk of Loss: The Seller warrants that they are the true and lawful owner of the Vehicle, and the Vehicle is free of all liens and encumbrances. Title and risk of loss shall pass to the Buyer upon full payment of the Purchase Price.
Default: In the event of default by the Buyer on any payment, the Seller may take any or all of the following actions:
- Declare the entire unpaid balance of the Purchase Price immediately due and payable.
- Repossess the Vehicle in accordance with applicable law.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes any prior or contemporaneous understandings, whether written or oral.
Signatures:
John Doe
Date: June 24, 2024
Jane Smith
Date: June 24, 2024
Printable Car Sale Agreement
This Vehicle Sales Agreement (“Agreement”) is made and entered into as of June 24, 2024, by and between:
Seller: Name: Michael Johnson
Address: 789 Pine Street, Springfield, IL 62703
Phone: (555) 321-7654
Email: [email protected]
Buyer: Name: Emily Davis
Address: 321 Birch Road, Springfield, IL 62704
Phone: (555) 654-3210
Email: [email protected]
Vehicle Information: Make: Toyota
Model: Camry
Year: 2018
VIN: 1HGCM82633A123456
Mileage: 45,000
Sale Price: The total purchase price for the Vehicle is $15,000 (“Purchase Price”).
Payment Terms:
- Deposit: The Buyer agrees to pay a deposit of $3,000 upon the signing of this Agreement.
- Balance Due: The remaining balance of $12,000 will be paid in 12 equal installments of $1,000 each, due on the 1st of each month, beginning on July 1, 2024, and ending on June 1, 2025.
- Payment Method: Payments shall be made by bank transfer.
Delivery of Vehicle: The Seller agrees to deliver the Vehicle to the Buyer on June 30, 2024, at 789 Pine Street, Springfield, IL 62703. The title and any related documents necessary for the transfer of ownership will be handed over to the Buyer upon full payment of the Purchase Price.
Warranties: The Vehicle is sold “AS IS,” with no warranties expressed or implied except for the following: none.
Title and Risk of Loss: The Seller warrants that they are the true and lawful owner of the Vehicle, and the Vehicle is free of all liens and encumbrances. Title and risk of loss shall pass to the Buyer upon full payment of the Purchase Price.
Default: In the event of default by the Buyer on any payment, the Seller may take any or all of the following actions:
- Declare the entire unpaid balance of the Purchase Price immediately due and payable.
- Repossess the Vehicle in accordance with applicable law.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes any prior or contemporaneous understandings, whether written or oral.
Signatures:
Michael Johnson
Date: June 24, 2024
Emily Davis
Date: June 24, 2024
Second Hand Vehicle Sales Agreement
This Vehicle Sales Agreement (“Agreement”) is made and entered into as of June 24, 2024, by and between:
Seller: Name: Michael Johnson
Address: 789 Pine Street, Springfield, IL 62703
Phone: (555) 321-7654
Email: [email protected]
Buyer: Name: Emily Davis
Address: 321 Birch Road, Springfield, IL 62704
Phone: (555) 654-3210
Email: [email protected]
Vehicle Information: Make: Toyota
Model: Camry
Year: 2018
VIN: 1HGCM82633A123456
Mileage: 45,000
Sale Price: The total purchase price for the Vehicle is $15,000 (“Purchase Price”).
Payment Terms:
- Deposit: The Buyer agrees to pay a deposit of $3,000 upon the signing of this Agreement.
- Balance Due: The remaining balance of $12,000 will be paid in 12 equal installments of $1,000 each, due on the 1st of each month, beginning on July 1, 2024, and ending on June 1, 2025.
- Payment Method: Payments shall be made by bank transfer.
Delivery of Vehicle: The Seller agrees to deliver the Vehicle to the Buyer on June 30, 2024, at 789 Pine Street, Springfield, IL 62703. The title and any related documents necessary for the transfer of ownership will be handed over to the Buyer upon full payment of the Purchase Price.
Warranties: The Vehicle is sold “AS IS,” with no warranties expressed or implied except for the following: none.
Title and Risk of Loss: The Seller warrants that they are the true and lawful owner of the Vehicle, and the Vehicle is free of all liens and encumbrances. Title and risk of loss shall pass to the Buyer upon full payment of the Purchase Price.
Default: In the event of default by the Buyer on any payment, the Seller may take any or all of the following actions:
- Declare the entire unpaid balance of the Purchase Price immediately due and payable.
- Repossess the Vehicle in accordance with applicable law.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes any prior or contemporaneous understandings, whether written or oral.
Signatures:
Michael Johnson
Date: June 24, 2024
Emily Davis
Date: June 24, 2024
Browse More Templates On Vehicle Sales Agreement
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How to Write an Agreement to Sell a Car?
- Identify the Parties:
- Clearly state the full names, addresses, phone numbers, and email addresses of both the seller and the buyer.
- Describe the Vehicle:
- Provide detailed information about the car, including make, model, year, Vehicle Identification Number (VIN), mileage, and any other relevant details.
- Specify the Sale Price and Payment Terms:
- Clearly state the total purchase price of the car.
- Outline the payment terms, including any deposit amount, the schedule of payments, and the method of payment.
- Include Delivery and Transfer of Ownership Details:
- State the date and location where the car will be delivered.
- Mention that the title and any necessary documents for the transfer of ownership will be provided upon full payment.
- Warranties and Legal Provisions:
- Specify whether the car is sold “AS IS” or if there are any warranties.
- Include provisions regarding the governing law, default terms, and any other legal clauses.
- Ensure both parties sign and date the agreement to make it legally binding.
By following these five points, you can create a comprehensive and clear sample agreement for selling a car.
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What is Included in a Sales Agreement?
A comprehensive sales agreement typically includes the following eight key points:
- Identification of the Parties:
- Full names, addresses, phone numbers, and email addresses of both the seller and the buyer.
- Description of the Goods or Services:
- Detailed description of the item being sold (e.g., make, model, year, VIN for a car) or the nature of the services provided.
- Sale Price and Payment Terms:
- Total purchase price and the payment schedule.
- Method of payment and any deposit requirements.
- Delivery Terms:
- Date and location of delivery.
- Responsibility for delivery costs and logistics.
- Warranties and Disclaimers:
- Any warranties provided by the seller or a sample statement that the item is sold “AS IS.”
- Any disclaimers regarding the condition or performance of the item.
- Transfer of Ownership:
- Details on when and how ownership and title will be transferred.
- Any required documents or registration processes.
- Default Terms and Remedies:
- Actions to be taken in case of default by either party.
- Potential remedies, such as repossession or legal action.
- Governing Law and Dispute Resolution:
- The state or jurisdiction whose laws will govern the agreement.
- Methods for resolving disputes, such as mediation or arbitration.
Including these elements ensures that a sales agreement is thorough, clear, and legally sound, protecting the interests of both parties involved.
Vehicle Purchase and Sales Agreement in PDF
At some point, it is very important and highly recommended to first check and see to it which type of vehicle lease would fit you and your vehicle needs before having to choose what kind of vehicle lease you will be getting. You can also have a look at these Lease Agreement Forms forms that you may find useful from time to time when it comes to your vehicle.
Other than that, here are also kinds of vehicle leases or car loans along with each of their definition so that you can be able to determine and see for yourself as to which type or kind of vehicle lease would suit your needs.
- Commercial Hire Purchase – this certain type of vehicle lease or car loan is probably the most witty. Basically, the financier would purchase the vehicle and then lease it to the consumer at a given period of time. Payments are usually issued or collected on a monthly basis.
- Standard Car Loan – Standard loan or lease is usually through a bank, a finance company, credit union, etc. This type of vehicle lease or car loan lends the customer cash or money so that he or she will be able to buy a vehicle whether it is used or brand new. It is probably the most basic and the simplest form of loan in general. It is advisable, though, to save for the rainy days, just in case there might be unexpected additional charges or expenses.
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- Finance Lease – this type of vehicle lease is most appropriate for particular individuals and businesses who are going to use the vehicle for business or commercial purposes. The customers would usually pay monthly payments that are fixed, and also, he or she will be responsible for any maintenance and repairs including other expenses with regards to the vehicle, according to CarGuide.
- Operating Lease – this type of vehicle lease would basically have the financier purchase the car and then have it rented or leased to the customer, with the financing firm retaining the vehicle’s ownership. Clearly, the risk for the customers here would be associated with ownership rights. However, at the end of the term, customers would have the right to either buy the car or to continue renting it. Furthermore, checking out Rent Agreement Forms forms would be useful and helpful for you.
What is a sales agreement on a car?
A sales agreement on a car is a legal document outlining the terms of the sale between the buyer and seller, including price, payment terms, vehicle details, and transfer of ownership. You can also see more on Vehicle Purchase Agreement Letter.
Can you write your own agreement?
Yes, you can write your own agreement, ensuring it includes all essential details like parties’ information, vehicle description, price, payment terms, and signatures for it to be legally binding.
How binding is a sales agreement?
A sales agreement is legally binding once both parties sign it, obligating them to adhere to the outlined terms and conditions, enforceable in a court of law.
The vehicle sales agreement finalizes the terms of sale, ensuring both buyer and seller have clear, legal documentation of the transaction, rights, and responsibilities regarding the vehicle transfer.
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