A selling a vehicle contract is an agreement between a vehicle seller and a buyer whereby they agree to exchange the vehicle for a mentioned amount which will be paid by the buyer with a due deadline.
Sample selling a vehicle contract:
This agreement is made at 6.30 pm on the 10th day of August in the year 2011 between Sophia Kinne, residing 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 selling a vehicle contract, the vehicle bearing number 876-09-67R is sold to Maya Nicole by Sophia Kinne under the purchase price of $198605 on 10th August 2011. This vehicle was previously bought by Sophia Kinne from BMW International on 5th Sept 2006.
Hence Maya Nicole will be henceforth termed as the owner of the vehicle bearing number 876-09-67R.
Selling a vehicle contract – Terms and conditions:
- The new owner of the vehicle, Maya Nicole 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 new owner of the vehicle, Maya Nicole will have the right to sell the said vehicle as the vehicle now belongs to her.
- The new owner of the vehicle, Maya Nicole should clear all dues of the vehicle to the old owner, Sophia Kinne by the 31st Dec 2011.
Acknowledgement by the parties:
Signature of the old owner: Sophia Kinne
Signature of the new owner: Maya Nicole