The Car Sale Agreement (As Is) is specifically designed for vehicle transactions in Singapore where the seller wishes to transfer ownership without providing warranties about the vehicle's condition. This document is commonly used in private sales, dealership transactions, and fleet disposals. It includes essential elements required by Singapore law, including LTA compliance requirements, vehicle registration details, and explicit acknowledgment of the 'as is' condition. The agreement protects sellers from future claims regarding vehicle condition while providing buyers with clear documentation of the transaction terms and transfer of ownership.
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1. Parties: Details of seller and buyer, including full names, identification numbers, and addresses
2. Background: Context of the sale and basic information about the vehicle transaction
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Completion Date', 'Purchase Price', 'As Is Condition'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, registration number, chassis number, year of manufacture, and current mileage
5. Purchase Price: Amount payable for the vehicle and payment terms including method and timing of payment
6. As Is Condition: Disclaimer stating vehicle is sold in current condition without warranties, and buyer's acknowledgment of inspection rights
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership, including LTA requirements
8. Completion: Details of completion process, timing, and documentation requirements
1. Deposit Terms: Terms and conditions for deposit payment, refund conditions, and forfeiture circumstances
2. COE Transfer: Specific provisions regarding the transfer of Certificate of Entitlement
3. Outstanding Loans: Provisions regarding existing loans on vehicle and process for discharge
1. Schedule 1 - Vehicle Condition Report: Detailed description of vehicle condition, known defects, and existing damage
2. Schedule 2 - Vehicle Documents: List of registration documents, insurance certificates, and other relevant paperwork
3. Schedule 3 - Service History: Record of vehicle maintenance, repairs, and service history
4. Schedule 4 - Transfer Forms: Copies of required LTA transfer forms and supporting documents
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