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Used Car Sales Agreement Template for Malaysia

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Key Requirements PROMPT example:

Used Car Sales Agreement

"I need a Used Car Sales Agreement for selling my 2020 Toyota Camry to a private buyer, with payment to be made in three installments between January and March 2025, including a comprehensive vehicle inspection clause and warranty for major mechanical components."

Document background
The Used Car Sales Agreement is a vital legal instrument in Malaysia's automotive market, designed to protect both sellers and buyers in used vehicle transactions. This document is essential whenever a used vehicle changes ownership, whether between private individuals or commercial entities. It encompasses crucial details such as vehicle specifications, price, payment terms, warranties, and transfer procedures, all aligned with Malaysian legal requirements including the Road Transport Act 1987 and Consumer Protection Act 1999. The agreement helps prevent future disputes by clearly documenting the condition of the vehicle, any known defects, and the obligations of all parties involved. It's particularly important in Malaysia's context where the used car market is significant and regulatory compliance is strictly enforced.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete details including name, IC number/registration number, address and contact information

2. Background: Brief context of the transaction and acknowledgment that the seller owns the vehicle and wishes to sell it to the buyer

3. Definitions: Definitions of key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, chassis number, engine number, and current mileage

5. Purchase Price: The agreed purchase price and payment terms, including deposit and balance payment details

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, absence of encumbrances, and accuracy of information provided

7. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership, including registration transfer requirements

8. Completion: Details of the completion process, including timing, location, and requirements for document handover

9. Vehicle Condition: Statement of the vehicle's current condition, known issues, and 'as is' provisions

10. Governing Law: Specification that the agreement is governed by Malaysian law

11. Entire Agreement: Clause stating that this document represents the complete agreement between parties

12. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Inspection Period: Used when the buyer is given a period to inspect the vehicle before finalizing the purchase

2. Payment in Installments: Include when the purchase price is to be paid in multiple installments rather than as a lump sum

3. Third-Party Financing: Required when the purchase involves bank financing or other third-party financial institutions

4. Repairs and Modifications: Include when specific repairs or modifications are agreed to be completed before sale

5. Trade-In Provisions: Used when the transaction involves a trade-in vehicle as part of the payment

6. Post-Sale Warranty: Include when the seller provides any form of warranty beyond the completion date

7. Dispute Resolution: Optional detailed dispute resolution process including mediation or arbitration procedures

Suggested Schedules

1. Schedule 1 - Vehicle Inspection Report: Detailed inspection report showing the current condition of the vehicle, including photographs

2. Schedule 2 - Service History: Complete service history and maintenance records of the vehicle

3. Schedule 3 - List of Accessories: Detailed list of all accessories and additional features included in the sale

4. Schedule 4 - Known Defects: Comprehensive list of known defects or issues with the vehicle

5. Schedule 5 - Payment Schedule: If applicable, detailed breakdown of payment installments and due dates

6. Appendix A - Vehicle Registration Documents: Copies of current vehicle registration card and other relevant documentation

7. Appendix B - Insurance Information: Details of current insurance policy and transfer requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses































Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Fleet Management

Vehicle Leasing

Consumer Services

Relevant Teams

Legal

Sales

Compliance

Finance

Operations

Administration

Risk Management

Business Development

Customer Service

Vehicle Inspection

Relevant Roles

Sales Manager

Fleet Manager

Legal Counsel

Compliance Officer

Finance Manager

Insurance Agent

Vehicle Inspector

Administrative Officer

Contract Administrator

Dealership Manager

Automotive Sales Executive

Business Development Manager

Risk Manager

Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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