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Vehicle Purchase Agreement

Vehicle Purchase Agreement


I. Parties Involved

This Vehicle Purchase Agreement ("Agreement") is made on this 15th day of August, 2050, by and between:

Dealership: [Your Company Name]
Address: [Your Company Address]
Email: [Your Company Email]

Buyer: Alex Johnson
Address: 123 Maple Street, Springfield, IL 62701
Email: [email protected]


II. Vehicle Description

The Dealership agrees to sell to the Buyer, and the Buyer agrees to purchase from the Dealership, the following vehicle:

  • Make: Toyota

  • Model: Camry

  • Year: 2022

  • VIN (Vehicle Identification Number): 4T1B11HK8LU123456

  • Odometer Reading: 12,345 miles

  • Condition: New


III. Purchase Price

The total purchase price for the vehicle shall be $28,500. The Buyer agrees to pay the purchase price as follows:

  • Deposit Amount: $2,850 due upon execution of this Agreement.

  • Remaining Balance: $25,650 due at the time of delivery.

Payment shall be made by certified check to the Dealership at:

Payment Address: [Your Company Address]
Payment Email: [Your Company Email]


IV. Warranties and Representations

The Dealership provides the following warranties and representations regarding the vehicle:

  1. Warranty: Manufacturer's 3-year/36,000-mile bumper-to-bumper warranty.

  2. No Liens: The vehicle is free of any liens or encumbrances.

  3. Condition: The dealership guarantees the vehicle's condition today.


V. Delivery and Transfer of Ownership

The Dealership agrees to deliver the vehicle to the Buyer at 123 Maple Street, Springfield, IL 62701 on or before August 31, 2050. At the time of delivery, the Dealership shall provide the following:

  1. Vehicle Title: A valid title of ownership in the name of the Dealership, free of liens.

  2. Bill of Sale: A bill of sale documenting the transaction.

  3. Registration: Assistance with vehicle registration if required.


VI. Taxes and Fees

The Buyer is responsible for any applicable taxes, fees, or charges associated with the purchase, including but not limited to sales tax, registration fees, and title transfer fees. These amounts are not included in the purchase price and shall be paid by the Buyer directly to the appropriate authorities or as instructed by the Dealership.


VII. Termination

Either party may terminate this Agreement if the other party fails to fulfill its obligations as set forth herein. In the event of termination, the Dealership shall return any deposit paid by the Buyer, and the Buyer shall have no further obligations under this Agreement.


VIII. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of Illinois. Any disputes arising from this Agreement shall be resolved in the courts located in Springfield, IL.


IX. Signatures

IN WITNESS WHEREOF, the parties hereto have executed this Vehicle Purchase Agreement as of the day and year first above written.

Dealership:
Name: [Your Name]
Title: Sales Manager
Date: August 15, 2050

Buyer:
Name: Alex Johnson
Date: August 15, 2050

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