Fill and Sign the Agreementforsaleof Automobile Form

AGREEMENT FOR SALE OF AUTOMOBILE WITH PERMISSION TO OPERATE Seller_____________________________________Buyer______________________________________Address___________________________________Address_________________________________________________________________________________________________________________________City/County/State/ZipCity/County/State/ZipLienholder Address/City/County/State/Zip____________________________________________________________ __________________________________________________________________ A.VEHICLE Year 20____ Make_________________ Body___________ Model______________ VIN:_________________________________________________ License#____________________________ Exp__________________________________________________.B.Purchaser desires to purchase and Seller desires to sell the Automobile on the terms and conditions hereinafter set forth. 1.SALE. Seller hereby sells to Purchaser all of his right, title and interest in and to the Automobile, and Purchaser hereby purchases same from Seller upon the terms and conditions herein provided.2. LIENHOLDER: The above named Lienholder holds a mortgage lien on this vehicle and all terms contained herein are subject and subsequent to the terms and conditions of the Lienholder's contract with Seller. Buyer shall be given a copy of the Lienholder's contract on execution of this agreement. Buyer agrees that he has read and understands said contract and agrees to abide by all terms and conditions therein.3. PURCHASE PRICE. The purchase price is current balance with the lienholder as of this date which is estimated to be $_______________________ payable as follows: $___________________ per _____________. Buyer shall pay to Seller the amount of $_______________________ for Seller's equity interest in the vehicle upon the execution of this Agreement.4. LIABILITY OF OPERATION. Buyer shall have sole discretion as to the operation of the vehicle as if it were his own vehicle. Seller shall be held harmless of any liability in the operation of the vehicle.5. CERTAIN COSTS. Purchaser shall bear the cost of the (i) state license fee, registration fee, and all other fees required in connection with the consummation of the purchase of the Automobile and (ii) an automobile mechanic inspection charge and (iii) any sales tax payable in connection with the purchase of the Automobile and (iv) insurance as required by the Lienholder and by applicable state and local laws.6. SELLER'S REPRESENTATIONS AND WARRANTIES. Seller represents and warrants to Purchaser that: (a) Seller is the owner of the vehicle under the contract with Lienholder and shall transfer to Purchaser all security interests in the vehicle to Seller;(b) All authorizations, approvals, orders, licenses, permits, inspections, certifications, consents and other registrations, filings and requirements under federal, state, regional and local laws and regulations, including but not limited to U.S. Department of Transportation and Environmental Protection Agency clearances, and emission control and safety standards, necessary to the registration and lawful operation of the Automobile in the State of ___________________ have been obtained and complied with by the Seller.(c) Seller specifically disclaims any warranties as to the physical and mechanical condition of the Automobile. Buyer acknowledges that he has inspected the Automobile and is purchasing it "as is." Seller will maintain the Automobile in its present condition, reasonable wear and tear excepted, until it is delivered to Buyer. 7. DEFAULT OF SELLER OR BUYER. If Buyer refuses to complete this Agreement as described herein, Seller may retain the amount paid upon the signing of this Agreement as liquidated damages and this contract shall be considered terminated and Seller may take possession of the vehicle. In this event, Buyer agrees to reimburse Seller for any and all costs of collection, repossession and any damage to the vehicle not covered by insurance. If Seller refuses to complete the sale at the time and place set for closing, Seller's sole obligation shall be to return the amount paid upon the signing of this Agreement; upon payment of that sum to Buyer, Seller shall have no further liability.8. DOCUMENTS TO BE DELIVERED TO BUYER. At the closing, Seller will deliver to Buyer a copy of the certificate of title to the Automobile, an executed copy of this agreement, a mileage statement, and a copy of the Agreement between Seller and Lienholder.INTENDING TO BE LEGALLY BOUND, the parties have executed this Agreement on the __________ day of ______________________________________, 20___.Signatures:Seller_____________________________________ Buyer______________________________________Witness____________________________________ Witness____________________________________Executed and acknowledged before me on this _____ day of ____________________________, 20__.Notary Public_______________________________________________________________________ (seal)