As the name suggests, a vehicle purchase agreement is an agreement made for the sale and purchase of a vehicle. This sale and purchase of a vehicle must be in a proper documented legal form so as to protect the interests of the parties involved in such agreement.
Just like any other contract or agreement, a vehicle purchase agreement is also a bit technical in nature. So in order to save time and effort, and to avoid any complexities and difficulties, many individuals or entities prefer to use ready made vehicle purchase agreement templates.
This article relates to important details about the vehicle purchase agreement. Moreover, some practical vehicle purchase agreement templates are also provided for you below. So, make sure to scroll down and check out the given below templates and all other important details.
Sample Vehicle Purchase Agreement Templates
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Purpose of a Vehicle Purchase Agreement
Just like any other business contract or deal, the purchase of a vehicle also involves give and take i.e, consideration. That is, one party (buyer) pays the amount of the vehicle to the other party (seller), and in return, that other party (seller) provides him the vehicle. So, in order to make this transaction legally enforceable, a vehicle purchase agreement is entered into.
Furthermore, by drafting a proper agreement, the rights of both the parties to the agreement, are protected against each other. That is, if a major fraud or misrepresentation is detected after the completion of contract, the aggrieved party can easily sue the party at fault, in the presence of such a contract.
Just like any other contract or agreement, if an agreement for the purchase of a vehicle is entered merely on the basis of goodwill, or without entering into a proper agreement, then such an agreement is not enforceable at law. So, a proper vehicle purchase agreement will be required to make things legal and to indicate the presence of an actual agreement between parties to the contract.
More Vehicle Purchase Agreement Templates
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Vehicle Purchase Agreement Template
Information to be provided in a Vehicle Purchase Agreement
A vehicle purchase agreement can be created or drafted in any way the parties to such an agreement want. It means that the parties to the agreement, with the mutual consent, may want to include or exclude certain information or details.
However, following are some major details or information, that is required to be provided in a vehicle purchase agreement.
- Complete name of the buyer.
- Complete address and necessary contact details of the buyer.
- Complete name of the seller.
- Address of the seller and necessary contact details.
- The exact date on which the vehicle purchase agreement is entered into.
- Sale price of the vehicle.
- If the agreement involves payment through installations, then the amount of down payment made by the buyer and the details of each installation.
- Relevant details of the car e.g., its make, color, model, registration number and mileage etc.
- If an agent is involved in such an agreement, then his particulars as well as details of any commissions paid.
- Signatures of the parties to the agreement, i.e., of seller and buyer.
