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Consumer Credit Act 1974: Regulates credit agreements and provides consumer protections, potentially applicable even in private arrangements between friends if structured as a credit agreement

Law of Contract (Common Law): Fundamental principles covering contract validity requirements including offer, acceptance, consideration, and intention to create legal relations, plus contract formation and remedies for breach

Misrepresentation Act 1967: Covers false statements made during contract formation, particularly important for statements about vehicle condition and history

Sale of Goods Act 1979: Governs the sale of goods including vehicles, implying terms about title, quality, and fitness for purpose in the sale

Limitation Act 1980: Establishes time limits for bringing legal claims and is relevant for enforcement of payment terms

Consumer Rights Act 2015: While primarily for business-to-consumer transactions, provides useful guidance on quality standards and fitness for purpose

Unfair Contract Terms Act 1977: Provides guidelines on fairness in contract terms and is particularly relevant for any liability limitations in the agreement