Car Dealer Bill Of Sale Template for Nigeria

The Car Dealer Bill of Sale is a crucial document in Nigerian vehicle transactions, used when a registered dealership sells a new or used vehicle to a buyer. This document serves multiple purposes: it provides legal evidence of the sale, transfers vehicle ownership, details the transaction terms, and ensures compliance with Nigerian federal and state regulations. The document is required for vehicle registration, insurance purposes, and may be needed for financing arrangements. It protects both dealer and buyer interests by clearly documenting the vehicle's condition, price, warranties, and other key terms of sale. The document must comply with various Nigerian laws including the Consumer Protection Act, Federal Road Safety Commission requirements, and automotive industry regulations.

1. Parties: Identification of the dealer (seller) and buyer, including full legal names, addresses, and business registration details for the dealership

2. Background: Brief context of the transaction and confirmation of the dealer's authority to sell the vehicle

3. Definitions: Key terms used throughout the document defined for clarity

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, mileage, and any modifications

5. Purchase Price: Total purchase price, payment terms, and breakdown of fees including VAT

6. Warranties and Representations: Dealer's warranties about vehicle condition and legal status, and any manufacturer warranties that apply

7. Transfer of Ownership: Clear statement of ownership transfer and timing

8. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation

9. Risk and Insurance: Point at which risk transfers to the buyer and insurance requirements

10. Signatures and Execution: Formal execution section including witness requirements and date