Car Sale As Is Contract Template for Nigeria

The Car Sale As Is Contract is essential for transactions involving used vehicles in Nigeria where the seller wishes to transfer ownership without providing warranties or guarantees about the vehicle's condition. This document is commonly used by both private sellers and dealerships when selling pre-owned vehicles that may have known or unknown issues, or when the seller simply wants to limit their liability after the sale. The contract must comply with Nigerian contract law, the Sale of Goods Act, and Federal Road Safety Commission requirements for vehicle transfers. It includes detailed vehicle information, clear 'as is' disclaimers, price and payment terms, and transfer procedures. This type of agreement is particularly important in protecting sellers from future claims while ensuring buyers understand they are accepting the vehicle with all existing faults.

1. Parties: Identification of the seller and buyer with full legal names and addresses

2. Background: Brief context of the sale and acknowledgment of the 'as is' nature

3. Definitions: Key terms used in the agreement including 'as is', 'vehicle', and 'completion date'

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, and current mileage

5. Purchase Price and Payment: The agreed price and payment terms including method and timing

6. As Is Condition and Disclaimer: Clear statement that the vehicle is sold 'as is' with no warranties or guarantees

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

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Transfer of Title: Process and requirements for transferring vehicle ownership

10. Completion: Details of the completion process including delivery and documentation

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