Car As Is Sale Agreement Template for Nigeria

The Car As Is Sale Agreement is essential for transactions involving the sale of used vehicles in Nigeria where the seller wishes to transfer the vehicle without providing warranties or guarantees about its condition. This document is commonly used by both private sellers and dealerships when selling pre-owned vehicles, particularly when the vehicle's history or condition may have uncertainties. The agreement includes crucial elements required under Nigerian law, such as vehicle identification details, price, payment terms, and explicit disclaimers regarding the vehicle's condition. It ensures compliance with the Federal Road Safety Commission's requirements for vehicle ownership transfer while protecting the seller from future claims related to the vehicle's condition. The document is particularly important in the Nigerian context where used vehicle sales form a significant portion of automotive transactions and where clear documentation of as-is sales helps prevent future disputes.

1. Parties: Identifies and provides full details of the Seller and Buyer, including names, addresses, and contact information

2. Background: Brief context of the transaction and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core terms of the transaction including the vehicle description and purchase price

5. As Is Condition: Explicit statement that the vehicle is sold 'as is' with no warranties or guarantees

6. Price and Payment: Details of the purchase price and payment terms including method and timing

7. Transfer of Title: Process and obligations for transferring vehicle ownership

8. Seller's Representations: Basic representations about ownership and authority to sell

9. Buyer's Acknowledgments: Buyer's confirmation of understanding the as-is nature and inspection rights

10. Delivery: Terms for vehicle handover including timing and location

11. Risk and Insurance: Point of transfer of risk and insurance requirements

12. Governing Law: Specification that Nigerian law governs the agreement

13. Entire Agreement: Confirms the agreement represents the complete understanding between parties

14. Execution: Signature blocks and execution requirements