A vehicle selling contract refers to those contracts which are drafted whenever there is a sale or purchase of a vehicle. The type of the vehicle does not affect such contracts. They register all the details of the arrangement between the seller of the vehicle and the buyer of the vehicle. The sample vehicle selling contract given below refers to the deal where a franchise showroom has made sale of a vehicle.
Sample Vehicle Selling Contract
The following contract being entered by parties: Mr. Harrison Davis and Payton Autos Pvt. Ltd.
The contract states that Mr. Harrison Davis has made a purchase of a vehicle from Payton Autos Pvt. Ltd., as on the 15th May 2012.
The delivery of the vehicle is stated to on 17th May 2012. The specifications of the contract are given.
Details of the Seller:
Business Name: Payton Autos Pvt. Ltd.
Name of the authorized personnel: Mr. Boney Payton
Position: Chief Operating Officer
Contact No.: 657-892-256
Address: 47, 3rd and Mains, St. Katherine Street, Boston, USA.
Details of Buyer:
Name: Mr. Harrison Davis
Contact No.: 671-346-793
Correspondence Address: 45, Barker Hens Street, Boston, USA.
Details of the Vehicle:
Vehicle type: Four Wheeler/ Sedan.
Model/ make: Focus, 2012
Plate No.: BT-3110
Terms and Conditions of the contract:
- The instalments for the vehicle will be sent every month.
- The contract is legally binding, thus any violation is punishable under law.
- The buyer is responsible for the vehicle once the sale is made, as it implies a permanent transfer of ownership.
_______________________________ (Mr. Boney Payton)
_______________________________ (Mr. Harrison Davis)