Car Purchase Agreement
PandaTip: This portion of the car purchase agreement is used to document both parties’ names as well as the agreement date.
This car purchase agreement has been entered into as of [Agreement.Date] between [Sender.FirstName] (Seller) and [Client.FirstName] [Client.LastName] (Buyer).
The total purchase price to be paid by Buyer to Seller for the vehicle listed is inclusive of all down payments made by Buyer. Total purchase price is broken down as follows:
- Down-payment: $[DownPayment.Amount] (Due to Seller on or before execution of this agreement.)
- Payment Due at Delivery of Vehicle to Buyer: $[RemainingBalance.Amount]
- Payments can be made via cash , money order ,or with prior approval check made out to seller.
PandaTip: Use this area of the car purchase agreement template to provide your client with all pricing and fees relevant to this agreement. Using the table provided below in this template you can be sure all pricing is available and provided.
PandaTip: By using the table provided below in the car purchase agreement template you can ensure all factors in the agreement are understood and acknowledged by both parties. Using this customizable field in the template allows you to include a full description of the vehicle.
A. The vehicle being sold is as follows:
- Body Type:
- Body Color:
- Vehicle Identification Number (“VIN”):
B. [Keys.Amount] keys for vehicle.
C. Vehicle Title clean of all liens and holds.
Terms and Conditions
PandaTip: This area of the car purchase agreement template has been prefilled to include all necessary terms and conditions relevant to the selling of your vehicle. You can add additional terms and conditions to the car purchase agreement template or use those that are provided below.
Seller desires to sell the vehicle described above, Buyer accepts the above mentioned vehicle and agrees to price and delivery of the “Acquired Vehicle”, under the terms and conditions set forth below;
Buyer shall take possession of same, as agreed between both parties on or before (Delivery Date”). If delivery is to be made at a date after the execution of this contract, acquired vehicle will be delivered in the same condition as inspection condition.
Seller is responsible for the execution all documents presented by Buyer which are necessary to transfer title and registration to buyer.
PandaTip: This prefilled portion below in the car purchase agreement serves as protection against certain unforeseen circumstances that can occur in car purchase agreements. Additional lines can be added to this section of the car purchase agreement template to fit your individual needs.
Warranties. This vehicle is sold “AS IS”, and Seller does not in any way, expressly or impliedly, give any warranties to Buyer.
Odometer Declaration. Seller agrees that the odometer in the Acquired Vehicle now reads miles and to the best of Seller’s knowledge it reflects the actual mileage of the vehicle described herein.
Buyer Representation. Buyer may have an individual represent themselves for signing of this agreement as long as said individual provides to Seller that he or she has the power and authority to do so on behalf of Buyer.
Buyer’s Insurance & Tags
Buyer acknowledges that unless prohibited by applicable law, any insurance coverage, license, tags, plates or registration maintained by Seller on the Acquired Vehicle shall be canceled upon delivery of the Acquired Vehicle to, and the acceptance of, by Buyer.
Continuation of Warranties
All representations and warranties contained in this Agreement (if any) shall continue in full force and effect after execution of this agreement. If either party later learns that a warranty or representation that it made is untrue, it is under a duty to promptly disclose this information to the other party in writing. No representation or warranty contained herein shall be deemed to have been waived or impaired by any investigation made by or knowledge of the other party to this Agreement.
Indemnification of Attorneys Fees and out-of-pocket costs. Should any party materially breach this agreement (including representations and warranties made to the other side), the non-breaching party shall be indemnified by the breaching party for its reasonable attorneys fees and out-of-pocket costs which in any way relate to, or were precipitated by, the breach of this contract (including the breach of representations or warranties). This provision shall not limit in any way the remedies either party may have otherwise possessed in law or equity relative to a breach of this contract. The term “out- of-pocket costs”, as used in this contract, shall not include lost profits.
This Agreement, including the attachments mentioned in the body as incorporated by reference, sets forth the entire agreement between the Parties with regard to the subject matter hereof. All prior agreements, representations and warranties, express or implied, oral or written, with respect to the subject matter hereof, are hereby superseded by this agreement.
In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or unenforceability of the remainder of this Agreement. All remaining provisions of this Agreement shall then continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law.
Except as otherwise provided in this document, this agreement may be modified, superseded, or voided only upon the written and signed agreement of the Parties. Further, the physical destruction or loss of this document shall not be construed as a modification or termination of the agreement contained herein.
Each party acknowledges that he or she has had an adequate opportunity to read and study this Agreement, to consider it, to consult with attorneys if he or she has so desired.
The Parties, by entering into this agreement, submit to jurisdiction in [Transaction.State] for adjudication of any disputes and/or claims between the parties under this agreement. Furthermore, the parties hereby agree that the courts of [Transaction.State] shall have exclusive jurisdiction over any disputes between the parties relative to this agreement, whether said disputes sound in contract, tort, or other areas of the law. This Agreement shall be interpreted under, and governed by, the laws of the state of [Transaction.State].
PandaTip: This signature section of the car purchase agreement below allows not only the esignature of both parties but also allows you to track and view the agreement at any time from any device.
Both signing parties acknowledge the acceptance and agreement of all terms conditions and deliverables. Seller and Buyer affix their signatures as follows.