An agreement entered into between a seller and buyer where seller agrees to sell his or her car to buyer in exchange of particular sum of money under mentioned terms and conditions, is named as car purchase agreement. Vehicle purchase agreement is another name of the same legal document and must be prepared and signed by both parties to document the sale transaction in written. Writing down the several aspects of the car or vehicle sale transaction into vehicle purchase agreement keeps both parties away from future misunderstanding and issues that is the reason you must have a vehicle purchase agreement template at place when purchasing a car or any other vehicle.
Purchase of car is one of the big personal expenses so necessary documentation should be done carefully and preparing a car purchase agreement is one of them. It indicates necessary elements of the sales transaction such as full names of both parties, contact details, make & model of the car, color, physical condition of the car, agreed sum of money as payment, statement of transfer of ownership and payment terms etc. It can be used by car dealers and individual person who want to buy or sell a car personally.
Most of countries and states require a vehicle purchase agreement when you want to buy a car from private seller but it is not mandatory for various states. However, you must have one to get rid of future issues and problems related to the car purchase. Here we have editable auto purchase agreement templates equipped with all required fields that a user can fill with own details to create an apt vehicle or car purchase agreement in few minutes. These templates are prepared in MS word for convenience of users.
Download Vehicle Purchase Agreement Templates Here
Vehicle Purchase Agreement Sample
Auto Purchase Agreement Template