Car Sale Contract

in Car

Whenever you sell a car with someone, you need to establish a contract. This contract will offer protection to you, the seller, and also to the buyer. Adding details that will protect the buyer will also attract the buyer into most likely agreeing into terms.

The basic information that should be in this contract is the make and model of the car, the mileage, the price, and contact information for both parties. The sell car contract should also include a disclosure about the car, including a list of items that you know need to be fixed. You should also include a phrase stating that the car is being sold as is, unless of course you have agreed to perform repairs prior to the final sale.

If you are selling your car privately and you decide to accept a delayed payment, you will need to include all information relating to the payment in your sell car contract. This information should include the amount of money to be paid, how many installments will be made, when the installments will be made, and when the final term of the contract should be fulfilled. The car sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the agreement should be breached.

In addition to the car model, mileage and price, the car sell agreement should state whether or not the car has a clear title, and in what state the car is titled in. In most states it is legally required to have a clear title in order to sell a car for anything other than just parts. If your car does not have a clear title, make sure that the contract clearly states this fact, and that the car is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should receive a copy. Some states require a notary as well, so be sure to check your local laws. You can also find templates for sell car contracts easily through free legal form websites or Microsoft template sites.

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Bond Mejeh has 1 articles online

Bond Mejeh produces automotive related articles for Quick Cash Auto, a cash for cars service. Quick Cash Auto not only buys pre-owned vehicles of any year, make or model, but they also provide numerous articles about vehicle repair and automotive news.

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Car Sale Contract

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This article was published on 2010/03/28