Document background
The Private Sale Vehicle Purchase Agreement is essential for any private vehicle sale transaction in Singapore. This document serves as a comprehensive record of the sale terms, protecting both buyer and seller's interests while ensuring compliance with Singapore's regulatory requirements. It includes crucial details such as vehicle specifications, price, payment terms, warranties, and transfer procedures. The agreement is particularly important given Singapore's strict vehicle ownership regulations and the significant financial investment involved in vehicle purchases. It should be used whenever a private individual sells their vehicle to another private individual, rather than in commercial dealership situations.
