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Old Car Sale Agreement
"I need an Old Car Sale Agreement for selling my 2020 Toyota Corolla to a private buyer in Lahore, with payment to be made in three installments, with the final payment due by March 2025."
1. Parties: Identifies and provides full details of the Seller and Buyer, including their complete names, CNICs, addresses and contact information
2. Background: Brief context about the sale transaction and the vehicle being sold
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
5. Sale Price and Payment Terms: Specifies the agreed purchase price and detailed payment arrangements
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through relevant authorities
8. Vehicle Condition: Current condition of the vehicle, including known defects or issues
9. Documentation Requirements: List of documents to be provided for ownership transfer
10. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and relevant jurisdiction for disputes
1. Inspection and Test Drive: Used when buyer hasn't yet inspected the vehicle, outlining terms for inspection and test drive
2. Payment Installments: Include when payment is to be made in installments rather than a single payment
3. Existing Liens or Encumbrances: Required if there are any existing loans or liens on the vehicle that need to be cleared
4. Insurance Transfer: Include when existing insurance policy is being transferred to the buyer
5. Intermediary or Dealer: Include when sale is being conducted through a dealer or intermediary
6. Maintenance History: Optional section detailing vehicle's service and maintenance history
1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle's current condition, including photographs and noted defects
2. Schedule B - Vehicle Documentation: Copies of registration book, previous transfer documents, and maintenance records
3. Schedule C - Payment Schedule: If applicable, detailed breakdown of installment payments with dates
4. Appendix 1 - Vehicle Photographs: Recent photographs of vehicle from multiple angles, including any damage or defects
5. Appendix 2 - Maintenance Records: Copies of service history and maintenance documentation
Authors
Automotive
Transportation
Private Sales
Used Car Dealerships
Insurance
Financial Services
Legal Services
Vehicle Registration Services
Legal
Sales
Compliance
Documentation
Administration
Finance
Risk Management
Customer Service
Legal Counsel
Car Dealer
Sales Manager
Automotive Sales Representative
Legal Administrator
Compliance Officer
Vehicle Registration Officer
Documentation Specialist
Contract Manager
Finance Manager
Insurance Agent
Administrative Assistant
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