The Vehicle Sale Agreement Between Two Parties is essential for documenting vehicle sales transactions in England and Wales. It should be used whenever a vehicle changes ownership, whether between private individuals or businesses. The agreement includes crucial information such as vehicle specifications, sale price, payment terms, warranties, and ownership transfer details. It ensures compliance with relevant legislation including the Consumer Rights Act 2015, Sale of Goods Act 1979, and Road Traffic Act 1988, while providing legal protection for both parties involved in the transaction.
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1. Parties: Identification and details of the seller and buyer
2. Background: Context of the sale and basic transaction information
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including registration, VIN, make, model
5. Purchase Price: Amount and payment terms
6. Transfer of Title: Terms of ownership transfer
7. Seller's Warranties: Basic warranties about vehicle ownership and condition
8. Completion: Details of when and how the sale will complete
1. Extended Warranties: Additional warranties beyond basic ones, used when selling newer vehicles or offering additional guarantees
2. Part Exchange: Terms relating to any vehicle being traded in as part of the sale
3. Finance Settlement: Details of outstanding finance to be settled, used when the vehicle has existing finance to be cleared
1. Vehicle Condition Report: Detailed assessment of vehicle condition including photos
2. Service History: Documentation of vehicle maintenance history
3. MOT Certificates: Copies of current and previous MOT certificates
4. Registration Documents: Copies of V5C and other registration documents
Relevant legal definitions
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