When buying a car, it is essential to understand the terms and conditions of the sale agreement. One type of agreement commonly used in South Africa is the voetstoots car sale agreement. In this article, we will explain what a voetstoots car sale agreement is and what it means for both the buyer and the seller.
What is a Voetstoots Car Sale Agreement?
The term “voetstoots” means “as is” or “with all faults.” Thus, a voetstoots car sale agreement is a contract where the buyer accepts the vehicle in its present condition, regardless of any defects or faults that may be present. In other words, the buyer agrees to take the car as it is, with no warranty or guarantee from the seller.
What Are the Implications of a Voetstoots Car Sale Agreement?
When a buyer signs a voetstoots car sale agreement, they acknowledge that they have inspected the vehicle and accept any defects or damages that may be present. The buyer also agrees that they will not be able to hold the seller liable for any issues that arise after the sale, including mechanical problems or defects discovered after the purchase.
For sellers, a voetstoots car sale agreement protects them from any legal liability related to the condition of the vehicle after the sale. However, it is important to note that if the seller was aware of any defects or issues with the car that they did not disclose to the buyer, they may still be held responsible for any resulting damages.
What Should You Consider When Signing a Voetstoots Car Sale Agreement?
As a buyer, it is essential to thoroughly inspect the vehicle before signing a voetstoots car sale agreement. This includes checking for any signs of wear and tear, testing all of the car`s features, and verifying its service history. It may also be wise to have an independent mechanic inspect the vehicle to identify any hidden issues.
If you do sign a voetstoots car sale agreement, be aware that you will not be able to hold the seller responsible for any issues that arise after the sale. Thus, it is crucial to carefully review all of the terms and conditions of the agreement and ask any questions that you may have before signing.
Conclusion
A voetstoots car sale agreement is a common type of contract used in South Africa for the sale of used vehicles. When signing this agreement, buyers accept the condition of the vehicle “as is” and agree not to hold the seller liable for any issues that arise after the sale. Before signing this type of agreement, it is essential to carefully inspect the vehicle and understand all of the terms and conditions of the sale.