In many situations, people sell off their used cars to those interested in buying vehicles at reduced rates. The selling is a process which can either take place without any legal interference or may be formed under a legal light and in this case, the document used to record the details of the selling is known as a used car sales contract.
A used car sales contract is a contract which is formed between the owner of a used car and a buyer who agrees to buy the used vehicle. The contract is important to list the price of the car, the condition of the car and the rules related to the use of the car by the new owner.
A used car sales contract is a written document which must include the details of the seller and buyer. It must not only give their names and titles but also their contact numbers and addresses for future reference.
The document must consist of a broad heading called ‘terms and conditions’, within which the roles of the parties must be given. The seller does not have any right over the vehicle after the sale has been finalized.
Sample Used Car Sales Contract: