Archive for category Car Sale Contract
Car Sale Contract
Posted by in Car Sale Contract on January 7, 2012
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.
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