The Vehicle Sale Agreement is essential for any transfer of vehicle ownership in Singapore, whether between private parties or through dealerships. It ensures compliance with Singapore's strict vehicle ownership regulations, including COE requirements and LTA registration procedures. The agreement protects both parties by clearly documenting the vehicle's condition, price, payment terms, and transfer obligations. It includes mandatory disclosures required by Singapore law and addresses specific local requirements such as road tax, insurance, and vehicle inspection certificates.
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1. Parties: Identifies the seller and buyer with full details
2. Background: Context of the sale and basic information about the vehicle
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including registration number, make, model, year
5. Purchase Price: Amount and payment terms
6. Transfer of Ownership: Terms of transfer and registration requirements
7. Warranties and Representations: Seller's warranties about vehicle condition and ownership
8. Completion: Details of completion process and handover
1. Condition Report: Detailed report of vehicle condition - use for used vehicles or when specifically requested
2. Payment Schedule: Breakdown of payment installments - use when payment is not made in full at completion
3. COE Transfer: Terms for Certificate of Entitlement transfer - use when COE is being transferred with the vehicle
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle History: Service history and previous ownership details
3. Schedule 3 - Inspection Report: Recent vehicle inspection results
4. Appendix A - Required Documents: List of documents required for transfer
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