Vehicle Disclosure Agreement

VEHICLE DISCLOSURE AGREEMENT

This Vehicle Disclosure Agreement (the Agreement) is made on Date: by and between Seller Name: with Address: and Buyer Name: with Address: . Seller and Buyer are each a Party and together the Parties.

RECITALS

WHEREAS, Seller is the current record owner of the motor vehicle described below and has the right to transfer possession and title;

WHEREAS, Buyer desires to acquire the vehicle and Seller wishes to disclose to Buyer, and Buyer desires to rely upon, the representations and disclosures set forth in this Agreement;

WHEREAS, the Parties intend by this Agreement to allocate the obligations, disclosures and risk associated with the vehicle transaction and to define the remedies available for breaches of the disclosure obligations.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Parties agree as follows:

1. DEFINITIONS

For purposes of this Agreement, "Vehicle" means the motor vehicle identified in Section 2; "Seller" and "Buyer" have the meanings set forth above; "Material Defect" means any defect or damage that substantially impairs the use, safety, or market value of the Vehicle and was known by Seller at the time of sale.

2. VEHICLE DESCRIPTION

Make:    Model:    Year:

Vehicle Identification Number (VIN):

Odometer Reading: miles as of Date:

3. DISCLOSURE OF KNOWN ISSUES

Seller discloses the following known conditions, defects, or damage affecting the Vehicle. Seller affirms these statements are true and complete to the best of Seller's knowledge.

Accident history disclosed    Salvage/rebuilt title    Flood damage    Structural/frame damage    Engine or transmission issues

Seller affirms: No other known material defects exist beyond those disclosed above.

4. TITLE, LIENS AND ENCUMBRANCES

Seller represents and warrants that Seller is the lawful owner of the Vehicle and that the Vehicle is free and clear of all liens and encumbrances except as disclosed below.

Yes    No

5. ODOMETER STATEMENT

Seller hereby certifies, to the best of Seller's knowledge, that the odometer reading set forth in Section 2 is the actual mileage of the Vehicle unless one of the following boxes is checked:

The mileage stated is the actual mileage.   The odometer reading reflects mileage in excess of its mechanical limits.   The odometer reading is not the actual mileage. Explanation:

6. WARRANTIES; AS-IS SALE

EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, SELLER DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Unless the Parties have executed a separate written warranty agreement, the Vehicle is sold AS IS, WITH ALL FAULTS.

7. INSPECTION AND ACCEPTANCE

Buyer acknowledges that Buyer has had the opportunity to inspect the Vehicle, either personally or through a designated mechanic, prior to execution of this Agreement. Buyer accepts the Vehicle in its current condition except as expressly disclosed in this Agreement.

Inspection Date:

8. PURCHASE PRICE AND PAYMENT

Purchase Price: $. Payment shall be made as follows:

9. INDEMNIFICATION

Seller agrees to indemnify, defend and hold Buyer harmless from any third-party claims arising from Seller's breach of any representation or warranty in this Agreement, including claims relating to undisclosed liens, title defects, or misrepresentations about the Vehicle's history. Buyer shall indemnify Seller for claims arising from Buyer's post-sale use of the Vehicle.

10. RISK OF LOSS

Risk of loss or damage to the Vehicle passes to Buyer upon Buyer taking physical possession of the Vehicle or upon the effective date of transfer of title, whichever occurs first.

11. REMEDIES; LIMITATION OF LIABILITY

The Parties agree that the exclusive remedies for breach of this Agreement shall be limited to actual damages proven by the non-breaching party. In no event shall either party be liable for incidental, consequential, punitive, or exemplary damages unless required by applicable law.

12. NOTICES

All notices under this Agreement must be in writing and delivered by hand, certified mail (return receipt requested), or nationally recognized overnight courier to the addresses below and shall be effective upon receipt.

13. AMENDMENT; WAIVER

This Agreement may be amended only by a written instrument signed by both Parties. No waiver of any breach shall constitute a waiver of any other or subsequent breach.

14. SEVERABILITY

If any provision of this Agreement is held invalid or unenforceable under applicable law, the remaining provisions shall continue in full force and effect.

15. GOVERNING LAW

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

16. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations and understandings of the Parties, whether oral or written.

17. COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

18. REPRESENTATIONS AND CERTIFICATIONS

Seller certifies under penalty of perjury that the information contained in this Agreement is true and correct to the best of Seller's knowledge and belief and that Seller has not knowingly withheld any material information about the Vehicle.

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