The Bill of Sale Letter For Car is a crucial document in Malaysian vehicle transactions, required whenever ownership of a vehicle is transferred between parties. This document is essential for compliance with the Road Transport Act 1987 and related Malaysian regulations governing vehicle ownership transfers. It serves multiple purposes: providing legal proof of the transaction, protecting both buyer's and seller's interests, facilitating vehicle registration transfer, and meeting requirements for insurance and financing purposes. The document must include specific details about the vehicle, parties involved, and transaction terms to be legally valid in Malaysia. It's commonly used in both private sales and commercial transactions, and may be required by various authorities, financial institutions, and insurance companies as official documentation of the ownership transfer.
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1. Letter Date and Location: Current date and place where the letter is executed
2. Seller's Details: Full name, NRIC/passport number, and complete address of the seller
3. Buyer's Details: Full name, NRIC/passport number, and complete address of the buyer
4. Vehicle Details: Complete vehicle information including make, model, year, color, engine number, chassis number, and registration number
5. Transaction Details: Purchase price, payment method, and date of transfer
6. Transfer Declaration: Clear statement transferring ownership from seller to buyer
7. Vehicle Condition Statement: Declaration of the vehicle's current condition and any known issues
8. Odometer Reading: Current mileage of the vehicle at time of sale
9. Signatures: Space for signatures of both parties and witnesses
1. Outstanding Loans: Declaration regarding any outstanding loans or encumbrances on the vehicle, used when the vehicle has existing financial commitments
2. Warranty Disclaimer: Specific disclaimers about vehicle condition and future performance, used in 'as-is' sales
3. Payment Schedule: Details of installment payments if applicable, used when the payment is not made in full at time of transfer
4. Special Conditions: Any specific conditions agreed between parties, used when there are unique circumstances of the sale
5. Previous Accidents Declaration: Details of any previous accidents or major repairs, used when the vehicle has accident history
1. Vehicle Inspection Report: Detailed report of vehicle condition from a qualified mechanic
2. Vehicle Registration Card Copy: Copy of the original vehicle registration card
3. Service History Records: Documentation of vehicle maintenance and service history
4. Photographic Evidence: Photos of the vehicle showing its current condition and any damage
5. Payment Receipts: Copies of payment receipts and bank transfer confirmations
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Financial Services
Insurance
Legal Services
Transportation
Retail
Fleet Management
Vehicle Leasing
Car Dealership
Used Car Market
Relevant Teams
Legal
Compliance
Fleet Management
Sales
Administration
Finance
Operations
Procurement
Risk Management
Asset Management
Documentation
Relevant Roles
Legal Counsel
Compliance Officer
Fleet Manager
Car Sales Manager
Administrative Officer
Finance Manager
Insurance Agent
Vehicle Registration Officer
Corporate Secretary
Risk Manager
Operations Manager
Procurement Manager
Asset Manager
Documentation Specialist
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