Automobile Sale Contract

This Automobile Sale Contract ("Contract") is entered into on [Date] by and between [Your Name], hereinafter referred to as the "Seller," and [Buyer's Name], hereinafter referred to as the "Buyer," collectively referred to as the "Parties."

1. Description of Automobile

Make: Ferrari

Model: 488 GTB

Year: 2050

Vehicle Identification Number (VIN): JH4DA9350MS010268

Mileage: 0 miles

2. Purchase Price

Total Purchase Price: $300,000

Down Payment: $50,000

Remaining Balance: $250,000

3. Payment Terms

Method of Payment: Wire Transfer

Installment Plan :

First Installment: $100,000 due on [Date]
Second Installment: $100,000 due on [Date]
Final Installment: $50,000 due on [Date]

4. Delivery of Automobile

Location of Delivery: Ferrari Dealership, [Your Company Address]

Date of Delivery: [Date]

Condition of Automobile Upon Delivery: The Automobile shall be delivered to the Buyer in good condition, free from any defects or damages, except as may be disclosed herein.

5. Title and Registration

5.1 Transfer of Title

The Seller shall transfer the title of the Automobile to the Buyer upon full payment of the Purchase Price.

5.2 Registration Responsibilities

The Buyer shall be responsible for registering the Automobile in their name and for any associated fees or taxes.

6. Warranties and Guarantees

6.1 Manufacturer's Warranty

The Automobile is sold with any applicable manufacturer warranties, which shall be transferred to the Buyer upon purchase.

6.2 Disclaimers

The Seller makes no other warranties, express or implied, regarding the Automobile, including but not limited to warranties of merchantability or fitness for a particular purpose.

7. Condition of Automobile

7.1 Inspection Period

The Buyer shall have 7 days from the date of delivery to inspect the Automobile and notify the Seller of any defects or issues.

7.2 As-Is Clause

The Automobile is sold "as-is," without any representations or warranties, except as expressly stated herein.

8. Default and Remedies

8.1 Default Conditions

Either party shall be considered in default under this Contract if they fail to fulfill any obligation hereunder within the specified timeframes.

8.2 Remedies Available

In the event of default, the non-defaulting party may pursue any remedies available at law or in equity, including but not limited to termination of this Contract and seeking damages.