Free Private Car Sale Contract Template
Private Car Sale Contract
I. Introduction
This Private Car Sale Contract ("Contract") is made on May 12, 2055, between [Your Name], living in Bakersfield, CA 93301, and Houston Smith, living at Lubbock, TX 79401.
II. Definitions
|
Term |
Definition |
|---|---|
|
Vehicle |
Toyota, Camry, 2018, VIN: 1HGBH41JXMN109186 |
|
Purchase Price |
The total agreed price for the Vehicle is $15,000 USD. |
|
Delivery Location |
[Your Address] or a mutually agreed-upon location. |
III. Sale and Purchase Agreement
3.1 Sale of Vehicle
The Seller agrees to sell, and the Buyer agrees to purchase the Vehicle described above for the Purchase Price.
3.2 Transfer of Ownership
The Seller will transfer ownership of the Vehicle to the Buyer upon receipt of full payment. The Vehicle will be considered sold when the payment clears.
3.3 Delivery
The Seller will deliver the Vehicle to the Buyer at Lubbock, TX 79401 on June 1, 2055. The Buyer agrees to accept the Vehicle at this location.
3.4 Inspection and Acceptance
Upon delivery, the Buyer has the right to inspect the Vehicle. If the Vehicle does not match the description or condition as agreed, the Buyer may reject it, and the Seller will refund the full Purchase Price.
3.5 Risk of Loss
Risk of damage or loss to the Vehicle shall transfer to the Buyer once the Vehicle is delivered and accepted.
IV. Payment Terms
|
Payment Term |
Details |
|---|---|
|
Purchase Price |
USD 15,000 |
|
Payment Method |
Bank Transfer |
|
Payment Schedule |
Full payment is due upon signing of the contract. |
|
Late Fee |
USD 50 per day if payment is delayed. |
4.1 Payment Terms
The Buyer shall pay the Purchase Price in full upon signing this contract. The payment shall be made via bank transfer.
V. Vehicle Description
|
Feature |
Detail |
|---|---|
|
Make |
Toyota |
|
Model |
Camry |
|
Year |
2018 |
|
VIN |
1HGBH41JXMN109186 |
|
Mileage |
45,000 miles |
|
Color |
Silver |
5.1 Condition
The Vehicle is sold "as is" with no warranties other than those stated in this Contract.
5.2 Inspection
The Buyer has had the opportunity to inspect the Vehicle or may request an independent inspection before signing the contract.
VI. Title and Registration
6.1 Title
The Seller guarantees that the Vehicle title is free and clear of any liens and encumbrances and will be transferred to the Buyer upon receipt of the full Purchase Price.
6.2 Registration
The Buyer is responsible for registering the Vehicle in their name and covering the associated costs, including any taxes and fees applicable.
VII. Representations and Warranties
7.1 Seller's Warranties
The Seller represents that the Vehicle is legally owned, free from any liens and that the Seller has full authority to sell the Vehicle.
7.2 Buyer's Acknowledgment
The Buyer acknowledges that they have inspected the Vehicle and are satisfied with its condition. The Buyer agrees to accept the Vehicle as-is, with no further claims against the Seller after purchase.
VIII. Governing Law
This Contract will be governed by the laws of California, and any disputes will be resolved according to California law.
IX. Dispute Resolution
9.1 Arbitration
Any dispute arising out of this Contract will be resolved through binding arbitration, which shall take place in Los Angeles, CA.
X. Entire Agreement
This Contract represents the entire agreement between the Parties concerning the Vehicle sale. No verbal agreements or representations are included, except as expressly set forth in this document.
XI. Execution
IN WITNESS WHEREOF: Both Parties, acknowledging their agreement to the terms, sign below on May 12, 2055.
|
Seller's s Details |
Buyer's Details |
|---|---|
|
|
|
[Your Name]