A motor vehicle purchase contract is an agreement between an organization and an individual who purchases the vehicle from the company or the agreement can also be entered between two parties where one is selling the vehicle to the other. The following is a sample motor vehicle purchase contract.
Sample Motor vehicle purchase contract:
This agreement is made at 6.30 pm on the 10th day of August in the year 2011 between BMW International, located at 56/89 K, Skyline Lane, Building 2, Star shine Complex, Ottawa, Canada and Maya Nicole who is currently residing at 87 Square Plaza, Hudson Lane, North Dakota.
According to this motor vehicle purchase contract, the vehicle bearing number 876-09-67R is sold to Maya Nicole from the showroom of BMW International, located at of 56/89 K, Skyline Lane, Building 2, Star shine Complex, Ottawa, Canada under the purchase price of $198605 on 10th August 2011.
Hence Maya Nicole will be henceforth termed as the owner of the vehicle bearing number 876-09-67R.
Motor vehicle purchase contract – Terms and conditions:
- The owner has inspected the said vehicle and is satisfied about the same and considers it fit for the purposes for which she requires the same.
- The owner will have the right to sell the said vehicle as the vehicle now belongs to her. While selling the owner should be free of any vehicle charges and encumbrances in favour of any third party at the time the property is to pass.
Acknowledgement by the parties:
Signature of the organization: BMW International
Signature of the vehicle buyer: Maya Nicole