Vehicle Ownership Transfer Document

VEHICLE OWNERSHIP TRANSFER DOCUMENT

Parties

Recitals

WHEREAS, Seller is the lawful owner of the motor vehicle described below and holds title to the vehicle free and clear except as disclosed in this document;

WHEREAS, Buyer desires to purchase and acquire title to the vehicle and Seller agrees to transfer ownership upon the terms and conditions set forth in this agreement;

WHEREAS, the parties intend by this Instrument to effect an immediate transfer of ownership in accordance with applicable law and to set forth the rights and obligations of the parties with respect to the subject vehicle.

Vehicle Description

Make:    Model:    Year:

Vehicle Identification Number (VIN):

Odometer Reading: miles    Color:    License Plate:

Title Number:    Lienholder (if any):

Scope of Transfer

Payment Terms

Deposit Due By: Month Day Year

Balance Due By: Month Day Year

Late Payment: If Buyer fails to pay any amount when due, interest shall accrue at on the overdue balance, and Buyer shall pay any collection costs and reasonable attorneys' fees incurred by Seller to collect unpaid amounts.

Transfer Mechanics and Seller Obligations

Upon receipt of full payment as provided above, Seller shall execute and deliver to Buyer the vehicle's properly endorsed certificate of title, a bill of sale, and any other documents reasonably required to transfer ownership. Seller represents that the title is transferable, that Seller has full authority to transfer the vehicle, and that there are no undisclosed security interests, liens, or encumbrances except as disclosed in the Lienholder field above.

Seller shall also provide to Buyer a signed odometer disclosure statement certifying to the current odometer reading as stated herein and whether that reading reflects the actual mileage, a mileage discrepancy, or whether the mileage reading is not the actual mileage.

Term and Termination

Effective Date: This Agreement is effective as of Month Day Year .

Completion Date: The obligations of the parties under this Agreement shall be deemed completed upon delivery of a properly endorsed title and payment in full, but in no event later than Month Day Year .

Termination: Either party may terminate this Agreement prior to completion if the other party materially breaches its obligations and fails to cure within days after written notice. Termination shall not relieve Buyer of liability for amounts owed for services performed or obligations already incurred by Seller prior to termination.

Confidentiality

Except as required by law or necessary to effect the transfer, each party agrees to keep confidential and not disclose pricing, payment terms, personal identifying information, and other non-public business information received from the other party in connection with this Agreement. This obligation shall survive termination of this Agreement for a period of three (3) years.

Representations, Warranties and Indemnification

Seller represents and warrants that (a) Seller is the lawful owner of the vehicle; (b) the vehicle is free from any undisclosed liens, claims or encumbrances; and (c) Seller has full authority to transfer title. Buyer acknowledges that, except for the warranties expressly set forth herein, the vehicle is sold on an "AS IS" basis and Buyer has had the opportunity to inspect the vehicle.

Each party shall indemnify and hold harmless the other from and against any losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys' fees) arising out of a breach of that party's representations, warranties, or material obligations under this Agreement.

Taxes, Fees, and Registration

Buyer shall be responsible for payment of all taxes, registration fees, title transfer fees, and any other governmental charges occasioned by the transfer of ownership, unless otherwise agreed in writing between the parties.

Governing Law

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

Entire Agreement

This Agreement, together with any written attachments signed by both parties, constitutes the entire agreement between Seller and Buyer with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any modification to this Agreement must be in writing and signed by both parties.

Odometer Disclosure Certification

Seller certifies to the best of Seller's knowledge that the odometer reading set forth herein reflects the actual mileage of the vehicle unless otherwise indicated. Seller states that the odometer reading is:

Additional Provisions

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