Automotive Sales Agreement

Automotive Sales Agreement

Parties

Recitals

WHEREAS, Seller is the lawful owner of the motor vehicle described below and has the authority to sell the vehicle free and clear of all undisclosed liens and encumbrances; and

WHEREAS, Buyer desires to purchase the vehicle from Seller on the terms and conditions set forth in this Agreement; and

WHEREAS, the parties wish to set forth their entire agreement regarding the sale, transfer of title, payment, and any ancillary services or warranties.

Scope of Work

Describe any repairs, service work, aftermarket installations, vehicle preparation, or additional deliverables included with this sale. If none, enter "None".

Vehicle Description

Year:    Make:    Model:

Vehicle Identification Number (VIN):

Odometer Reading: miles    Color:

Title Status:    Liens or Encumbrances:

Purchase Price and Payment Terms

Total Purchase Price: $

Deposit (if any): $ due on .

Balance Due: $ due on or before .

Late Payment Fee:

Delivery and Transfer of Title

Delivery Location:

Delivery Date: . Title and registration shall be transferred by Seller to Buyer upon receipt of full payment and completion of required documentation.

Odometer at Delivery:

Warranties and Condition

Check applicable warranty option: Seller provides written warranty (describe below) Sold "AS IS" with no warranty

Inspection and Acceptance

Buyer acknowledges the opportunity to inspect the vehicle prior to execution of this Agreement. Buyer acceptance is confirmed by signature below. Any claims for defects must be made in writing within of delivery.

Risk of Loss, Taxes, and Fees

Risk of loss and liability for the vehicle pass to Buyer upon delivery. Buyer is responsible for all transfer taxes, registration fees, title fees, and any other governmental charges associated with transfer of ownership unless otherwise agreed in writing.

Representations and Covenants

Seller represents and warrants that Seller is the legal owner of the vehicle, that all statements in this Agreement are true and accurate, and that there are no undisclosed liens or encumbrances except as disclosed in the Liens or Encumbrances field. Buyer represents that Buyer has authority to enter this Agreement and will pay all amounts when due.

Term and Termination

This Agreement is effective as of the Effective Date and will terminate upon completion of the obligations set forth herein unless earlier terminated in accordance with this section.

Effective Date: .    Term End Date (if any):

Either party may terminate this Agreement for cause upon written notice to the other party. Notice period: .

Confidentiality

The parties agree to maintain the confidentiality of nonpublic commercial terms and financial information disclosed in connection with this Agreement. Confidential information does not include information that is or becomes publicly available through no fault of the receiving party, that was rightfully known prior to disclosure, or that is rightfully received from a third party without breach of any obligation of confidentiality.

Confidentiality Period (years):

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of without regard to conflict of law principles.

Entire Agreement

This Agreement, including any exhibits and written attachments referenced herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals, negotiations, and communications, whether written or oral. No modification shall be effective unless in writing and signed by both parties.

Miscellaneous

Any notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth above. If any provision of this Agreement is held invalid, the remaining provisions shall remain in full force and effect.

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