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Used Car Sale Contract
"I need a Used Car Sale Contract for selling my Toyota Camry to a private buyer, with a three-part payment structure and a one-week inspection period before the final payment is due in March 2025."
1. Parties: Identification of the seller and buyer with complete details including name, IC number, address and contact information
2. Background: Brief context of the sale and confirmation that the seller is the legal owner of the vehicle
3. Definitions: Definitions of key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, chassis number, engine number, color, and mileage
5. Purchase Price and Payment Terms: Agreed purchase price, payment method, deposit amount, and balance payment schedule
6. Seller's Warranties: Seller's warranties regarding vehicle ownership, condition, accident history, and outstanding loans
7. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership at JPJ (Road Transport Department)
8. Completion of Sale: Details of the completion process, including handover of vehicle, documents, and keys
9. Governing Law: Specification that the agreement is governed by Malaysian law
1. Inspection Period: Used when the buyer wishes to include a period for independent inspection before finalizing the purchase
2. Financing Arrangements: Required when the purchase involves bank financing or hire-purchase arrangements
3. Trade-In Terms: Included when there is a vehicle trade-in as part of the transaction
4. Warranty Period: Optional extended warranty terms if offered by the seller
5. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value transactions
6. Agent Authorization: Required when either party is acting through an authorized agent
1. Schedule 1 - Vehicle Condition Report: Detailed report of the vehicle's current condition, including photographs and noted defects
2. Schedule 2 - Service History: Documentation of the vehicle's maintenance and service history
3. Schedule 3 - Vehicle Registration Documents: Copies of current vehicle registration card and other relevant documentation
4. Schedule 4 - Payment Schedule: If payment is to be made in installments, detailed payment schedule with dates and amounts
5. Appendix A - Vehicle Inspection Report: Independent inspection report if conducted
6. Appendix B - Outstanding Loans Declaration: Declaration of any outstanding loans or encumbrances on the vehicle
Authors
Buyer
Seller
Vehicle
Purchase Price
Deposit
Balance Payment
Completion Date
Identity Card
Registration Card
Transfer Documents
Road Transport Department
Ownership
Warranties
Vehicle Documents
Registration Number
Chassis Number
Engine Number
Defect
Encumbrance
Inspection Report
Service History
Payment Date
Completion
Business Day
Transfer Fee
Roadworthy Condition
Outstanding Loans
Vehicle Handover
Governing Law
Sale and Purchase
Payment Terms
Vehicle Description
Title Transfer
Warranties
Representations
Vehicle Condition
Inspection Rights
Registration Requirements
Documentation
Deposit
Completion
Risk and Insurance
Seller Obligations
Buyer Obligations
Default
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Third Party Rights
Costs
Automotive
Retail
Financial Services
Transportation
Vehicle Leasing
Insurance
Consumer Goods
Sales
Legal
Compliance
Finance
Operations
Customer Service
Documentation
Vehicle Inspection
Business Development
Risk Management
Sales Manager
Used Car Dealer
Automotive Sales Executive
Finance Manager
Legal Counsel
Compliance Officer
Vehicle Inspector
Business Development Manager
Contract Administrator
Operations Manager
Documentation Specialist
Customer Service Representative
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