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Car Purchase Invoice for Philippines

Car Purchase Invoice Template for Philippines

A Car Purchase Invoice is a legally binding document used in the Philippines that serves as official proof of a vehicle sale transaction. This document, governed by Philippine consumer protection laws and transportation regulations, includes comprehensive details about the vehicle, parties involved, and financial terms. It complies with requirements set forth by the Land Transportation Office (LTO), Department of Trade and Industry (DTI), and Bureau of Internal Revenue (BIR). The document incorporates essential elements required by Philippine law, including vehicle specifications, price breakdown with applicable taxes, warranty information, and necessary declarations for regulatory compliance.

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What is a Car Purchase Invoice?

The Car Purchase Invoice is a fundamental document in Philippine vehicle transactions, required by both law and practical necessity. It serves as the primary proof of purchase and ownership transfer, essential for vehicle registration with the Land Transportation Office and tax documentation with the Bureau of Internal Revenue. This document is used whenever a vehicle is sold, whether new from a dealership or used from a previous owner, and must comply with the Consumer Act of the Philippines and relevant DTI regulations. The invoice includes critical information such as vehicle specifications, price details, tax computations, and party information, making it essential for legal compliance, record-keeping, and protecting both buyer and seller interests. It's particularly important in the Philippine context where vehicle documentation is strictly regulated and necessary for various government transactions.

What sections should be included in a Car Purchase Invoice?

1. Invoice Header: Contains the invoice number, date, and dealer information including TIN and business permits

2. Seller Details: Complete information about the selling party, including business name, address, and contact information

3. Buyer Details: Complete information about the purchasing party, including full name, address, and contact information

4. Vehicle Information: Detailed description of the vehicle including make, model, year, color, engine number, chassis number, and plate number

5. Price Information: Breakdown of the purchase price, including base price, taxes (VAT), registration fees, and other charges

6. Payment Details: Information about the payment method, terms, and confirmation of payment received

7. Odometer Declaration: Statement of the vehicle's current mileage at the time of sale

8. As-Is Condition Statement: Declaration of the vehicle's current condition and any known defects

9. Warranty Information: Details of any applicable warranties or guarantees

10. Signatures: Space for signatures of both parties and witnesses as required by Philippine law

What sections are optional to include in a Car Purchase Invoice?

1. Trade-In Details: Information about any vehicle being traded in as part of the purchase, including its valuation

2. Financing Information: Details of any financing arrangements if the purchase is not made in cash

3. Insurance Details: Information about mandatory or optional insurance coverage

4. Special Conditions: Any special terms or conditions agreed upon between the parties

5. Delivery Details: Information about vehicle delivery arrangements if not immediate

6. Anti-Money Laundering Declaration: Required for high-value transactions as per Philippine AMLA regulations

What schedules should be included in a Car Purchase Invoice?

1. Vehicle Specification Sheet: Detailed technical specifications of the vehicle

2. Inspection Report: Results of any pre-purchase inspection conducted

3. Vehicle History Report: Documentation of the vehicle's ownership and maintenance history

4. Photographic Evidence: Photos of the vehicle at the time of sale, showing its condition

5. Registration Documents: Copies of relevant registration and transfer documents

6. Warranty Certificate: Detailed warranty terms and conditions if applicable

Authors

Alex Denne

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

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions






























Clauses


























Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Legal Services

Government Services

Corporate Fleet Management

Luxury Goods

Consumer Services

Relevant Teams

Sales

Finance

Legal

Compliance

Administration

Documentation

Operations

Customer Service

Treasury

Tax

Registration

Corporate Services

Relevant Roles

Sales Manager

Finance Manager

Automotive Dealer

Legal Counsel

Compliance Officer

Fleet Manager

Administrative Officer

Documentation Specialist

Treasury Manager

Tax Accountant

Insurance Agent

Vehicle Registration Officer

Customer Service Representative

Corporate Secretary

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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