An auto purchase agreement is a document which is used when a party agrees to purchase an automobile from another party or person. These agreements consist of certain terms and conditions which must be followed by the involved parties so as to avoid legal implications.
Sample Auto Purchase Agreement:
This agreement has been made effective as on 23rd July 2011
This agreement has been made between the parties whose details are given as follows:
Name: Mr. Jack Jones
Address: 34-D west town, Johnny street, London
Contact number: 4709370935705
Name: Mr. Fred Timothy
SELLER runs a showroom of automobiles in London by the name of Timothy autos
Address: 23-j, Paul street, London
Contact number: 4739538753290
Details of automobile
Name: Maruti Pearl
Model number: 45/l
Total cost: $ 50000
The automobile is in brand new condition.
The SELLER agrees to sell the automobile to the BUYER on the purchase date of 5th Aug 2011
The following are the terms and conditions of the agreement:
The SELLER must produce the automobile in perfect and clean condition on the purchase date.
The BUYER must make the entire payment as decided between the parties on EMI basis.
The BUYER must present all document necessary for the purchase of the document.
The SELLER must provide the BUYER with the necessary documents of the car on the purchase date.
The BUYER holds the right to lease sell or loan the car for as long as he wishes.
Both the parties hereby agree to the terms and conditions of the agreement: