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Contract For Selling A Car
"I need a Contract For Selling A Car for my 2020 Toyota Camry to a private buyer in Singapore, with a payment schedule that includes a 20% deposit and the remaining balance to be paid in March 2025, plus I want to include specific warranties about the recent engine overhaul."
1. Parties: Details of seller and buyer, including full names, identification numbers, and addresses
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used in the agreement including Vehicle, Purchase Price, Completion Date
4. Vehicle Details: Comprehensive description including make, model, registration number, chassis number, year of manufacture
5. Purchase Price: Amount, payment terms, deposit requirements and balance payment details
6. Transfer of Ownership: Terms of title transfer, including LTA transfer procedures and documentation
7. Warranties: Seller's warranties about vehicle condition, ownership, and encumbrances
8. Completion: Details of handover process, including timing, location, and required documentation
1. Hire Purchase Settlement: Terms for settling outstanding loans and transfer of financing obligations
2. Insurance Transfer: Provisions for transferring existing insurance policies and responsibilities
3. Condition Report: Detailed assessment of vehicle condition and any known defects
1. Schedule 1 - Vehicle Registration Documents: Copies of vehicle registration card and ownership documents
2. Schedule 2 - Vehicle Inspection Report: Recent inspection results and certificates from authorized centers
3. Schedule 3 - Service History: Documentation of maintenance records and service history
4. Schedule 4 - Vehicle Photographs: Documented condition of vehicle at time of sale with dated photographs
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms and installment schedule if applicable
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