Untitled Document

Vehicle Sales Agreement

Sample Vehicle / Auto Sales Agreement (With Seller Financing)

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VEHICLE SALES AGREEMENT

THIS VEHICLE SALES AGREEMENT, is made this day of , 2004, by and among of (hereinafter known as "Seller") and Buyer and Seller shall collectively be known herein as the "Parties".

BACKGROUND

WHEREAS, Seller desires to sell the vehicle described below, known herein as the "Acquired Vehicle", under the terms and conditions set forth below;

WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the terms and conditions set forth below; and, therefore,

TERMS AND CONDITIONS

IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by the Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

A. Description of Acquired Vehicle.

♦ Make:

♦ Model:

♦ Body Type:

♦ Body Color:

♦ Year:

♦ Miles:

♦ Vehicle Identification Number ("VIN"):

♦ Extras:

B. Consideration.

1. Purchase Price. The total purchase price to be paid by Buyer to Seller for the Acquired Vehicle is (hereinafter "Purchase Price") consisting of the following components:

◊ Down-payment:

◊ Payment Due At Delivery of Vehicle to Buyer:

◊ Balance of Purchase Price Financed by Seller:

The "down-payment" and "payment due at delivery" are to be made by Buyer to Seller in cash, by certified check, via electronic wire transfer, or through any other instrument acceptable to Seller.

2. Seller Financing of Purchase Price—Promissory Note.

i. FOR VALUE RECEIVED, BUYER promises to pay to the order of SELLER, the sum of dollars together with interest thereon at a rate of per annum.

ii. Periodic Installment Payments. BUYER shall make monthly payments to SELLER in the amount of beginning .

iii. Acceleration. If the Buyer fails to cure any default in installment payments, the entire Loan Amount including all unpaid principal and accrued interest shall become due.

iv. Addresses to be used for mailing. For mailing of any notice or payment called for under this agreement, the Parties shall use the addresses for Seller and Buyer listed below.

vi. Buyer's address:

vii. Seller's address:

C. Delivery of Acquired Vehicle and Conveyance of Title

♦ Delivery of Acquired Vehicle. Seller shall deliver the Acquired Vehicle on or before .

♦ Conveyance of Title. Seller shall convey title to Buyer upon delivery of the vehicle to Buyer.

D. Representations, Warranties, and Disclosures

♦ Warranties. Seller makes the following representations and warranties to Buyer:

♦ Odometer Declaration. Seller states that the odometer in the Acquired Vehicle now reads miles.

♦ Buyer Representation. The individual signing this agreement on behalf of Buyer hereby represents to Seller that he or she has the power and authority to do so on behalf of Buyer.

E. Buyer's Responsibility — Insurance and Tags. Buyer acknowledges that unless prohibited by applicable law, any insurance coverage, license, tags, plates or registration maintained by Seller on the Acquired Vehicle shall be canceled upon delivery.

F. Continuation of Representations and Warranties. All representations and warranties contained in this Agreement shall continue in full force and effect after execution of this agreement.

G. Indemnification of Attorneys Fees and out-of-pocket costs. Should any party materially breach this agreement, the non-breaching party shall be indemnified for reasonable attorneys fees and costs.

H. Integration. This Agreement, including the attachments mentioned in the body as incorporated by reference, sets forth the entire agreement between the Parties.

I. Severability. In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from the remainder of this Agreement.

J. Modification. Except as otherwise provided in this document, this agreement may be modified only upon the written and signed agreement of the Parties.

K. Acknowledgements. Each party acknowledges that he or she has had an adequate opportunity to read and study this Agreement.

L. Exclusive Jurisdiction for Suit in Case of Breach. The Parties agree to submit to jurisdiction in Los Angeles, CA for disputes between the parties.

M. State Law. This Agreement shall be interpreted under, and governed by, the laws of the state of California.

IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, Seller and Buyer affix their signatures hereto.

(Note: Notary language is optional.)

STATE OF )

COUNTY OF )

I, the undersigned, a Notary Public authorized to administer oaths in the State of , certifies that the above-name signatories to this contract, having appeared before me and having been first duly sworn, then declared to me that they willingly signed and executed this contract and that they executed such instrument as their free and voluntary act for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal this day of , 2004.

INSTRUCTIONS REGARDING EXECUTION OF YOUR Vehicle Sales Contract

A. Read the entire contract carefully, but we suggest that you pay special attention to the representations and warranties, if any, given by the seller.

B. We recommend that you execute two originals of your Vehicle Sales Agreement—one for the buyer and the other for the seller.

C. Seller Financing. The promissory note incorporated into this vehicle sales agreement is "bare-bones".

D. Every state has a web site for information of motor vehicles containing information on how to transfer title.

E. Note: This form is NOT intended for use by commercial vehicle dealers.

F. What if I decide to make changes to my document? We will keep your responses to the online questionnaire in our database for 60 days after the date of purchase.

DISCLAIMER

The above is provided for informational purposes only and is NOT to be relied upon as legal advice. This service is not a substitute for the advice of an attorney and we encourage users to have all documents created on our site reviewed by an attorney. No attorney-client relationship is established by use of our online legal forms service. THESE FORMS ARE SOLD ON AN "AS IS" BASIS WITH NO WARRANTIES OR GUARANTIES.