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The Letter Of Intent To Sell Vehicle is a crucial preliminary document in the Philippine vehicle sale process, serving as a formal declaration of the owner's intention to transfer vehicle ownership. This document is commonly used when parties want to establish their initial commitment to a vehicle sale transaction before proceeding with a full sale agreement. It's particularly relevant in the Philippines where vehicle transfers require specific documentation for LTO processing. The letter typically includes essential information such as vehicle details, proposed price, and basic terms, helping prevent misunderstandings and providing a foundation for the final sale agreement. While not legally binding for the sale itself, it demonstrates serious intent and can be important for both private and commercial vehicle sales, especially in situations involving corporate fleet vehicles or dealer transactions.

1. Date and Address Block: Current date and recipient's complete address details

2. Subject Line: Clear indication that this is a Letter of Intent to Sell Vehicle

3. Salutation: Formal greeting to the recipient

4. Opening Statement: Clear statement of intention to sell the specified vehicle

5. Seller Information: Full legal name and contact details of the seller

6. Vehicle Details: Complete description of the vehicle including make, model, year, color, VIN/chassis number, plate number, and current mileage

7. Price and Payment Terms: Proposed selling price and basic payment terms

8. Basic Conditions: Standard conditions such as vehicle inspection and documentation requirements

9. Timeframe: Validity period of the letter of intent

10. Closing Statement: Expression of hope for positive response and willingness to proceed

11. Signature Block: Seller's signature, printed name, and contact information