Sample of Sales Agreement of a Car

When buying or selling a car, it`s essential to have a sales agreement that outlines the terms of the sale. A sales agreement is a legal document that protects both the buyer and the seller from any potential disputes that may arise during or after the transaction.

Here is a sample of a sales agreement of a car:

SALES AGREEMENT

This Sales Agreement (“Agreement”) is made on [date] by and between [seller’s name and address] (“Seller”) and [buyer’s name and address] (“Buyer”).

1. Description of Car: The Seller agrees to sell, and the Buyer agrees to purchase, the following car:

Make: [car make]

Model: [car model]

Year: [car year]

Color: [car color]

Vin: [car VIN number]

Asking price: [car price]

2. Condition of Car: The Seller certifies that the car is in good condition and free from any defects, with the exception of any defects specifically disclosed in writing.

3. Payment: The Buyer agrees to pay the Seller the purchase price of the car in full at the time of the sale. The payment will be made by [cash, check, or wire transfer] in the amount of [car price].

4. Title: The Seller certifies that he/she is the legal owner of the car and has the right to sell it. The Seller will transfer the title to the Buyer upon receipt of payment in full.

5. Warranty: The Seller sells the car “as-is,” with no warranties or guarantees, expressed or implied, except as specifically stated in this Agreement.

6. Limitation of Liability: The Seller shall not be liable for any damages, including but not limited to, direct, indirect, incidental, or consequential damages, arising out of the sale or use of the car.

7. Governing Law: This Agreement will be governed by and construed in accordance with the laws of the state of [state], without regard to its conflicts of laws provisions.

8. Entire Agreement: This Agreement contains the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.

9. Signatures: This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors, and assigns. This Agreement may be signed in counterparts and executed electronically.

SELLER:

[signature]

[date]

BUYER:

[signature]

[date]

In conclusion, a sales agreement of a car is a crucial document that protects both the buyer and the seller from any inconsistencies during and after the transaction. This sample agreement can serve as a template for creating an effective and legally binding sales agreement for your car.