Who needs a Vehicle Sales Agreement form?
This sales agreement should be completed and signed by the parties (which are indicated as a “buyer” and a “seller”) to the vehicle sales process.
What is Vehicle Sales Agreement form for?
A process of purchasing a car as any other property purchase must be secured by the mutual agreement of the parties. This vehicle sales agreement establishes the terms and conditions of the transaction describing the obligations of the parties reaching an agreement. The same document describes situations in which the agreement may be canceled and sets a list of possible disclosures that should be made before the title is transferred.
Is Vehicle Sales Agreement form accompanied by other forms?
The vehicle which is to be sold under this agreement is sold “as is”, which means that the seller will expressly disclaim any implied warranties of merchantability or of fitness for a particular purpose.Accordingly, no specific documented guarantees from the seller shall not be followed.
In case when a buyer’s or seller’s interests are represented by an authorized representative, the document certifying their right of representation should be provided.
When is Vehicle Sales Agreement form due?
This agreement is a one-time document that should be completed when the need arises.
How do I fill out Vehicle Sales Agreement form?
Information on the following points should be provided in order to complete the agreement:
- Seller’s and buyer’s personal information;
- Description of acquired vehicle;
- Purchase price;
- Delivery of acquired vehicle and conveyance of title;
- Indication of the state law regulating the transaction.
Where do I send Vehicle Sales Agreement form?
Once completed and signed by the parties, this agreement should be kept in two copies by both, the seller and the buyer.