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Private Party Auto Purchase Agreement
"I need a Private Party Auto Purchase Agreement for selling my 2020 Mercedes-Benz GLE to a private buyer in Dubai, with a deferred payment arrangement where 25% will be paid on March 15, 2025, and the remaining 75% on completion of RTA transfer."
1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the sale and confirmation that the seller owns the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, license plate number, and mileage
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of liens
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through RTA
8. Vehicle Condition: Current condition of the vehicle and any known defects or issues
9. Completion Requirements: Steps to be taken by each party to complete the sale
10. Governing Law: Confirmation that UAE law governs the agreement
11. Execution: Signature block and date of agreement
1. Deposit Terms: Include when a deposit is part of the purchase arrangement
2. Inspection Period: Include when buyer is given time to inspect the vehicle before finalizing the purchase
3. Finance Arrangements: Include when payment involves bank financing or installments
4. Insurance Transfer: Include when existing insurance policy is being transferred
5. Warranties: Include when transferring remaining manufacturer warranty or providing additional warranties
6. Return Policy: Include when parties agree to specific conditions under which the vehicle can be returned
7. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report showing vehicle condition
2. Schedule 2 - Vehicle Registration Card: Copy of current vehicle registration card
3. Schedule 3 - Service History: Documentation of vehicle maintenance and service history
4. Schedule 4 - Vehicle Photographs: Dated photographs showing vehicle condition at time of sale
5. Appendix A - Payment Schedule: If applicable, detailed schedule of payment installments
6. Appendix B - Handover Checklist: List of items to be transferred with vehicle (spare keys, manual, etc.)
Authors
Automotive
Consumer Goods
Legal Services
Financial Services
Insurance
Transportation
Legal
Compliance
Documentation
Vehicle Registration
Personal Banking
Insurance
Customer Service
Vehicle Inspection
Legal Counsel
Paralegal
Vehicle Registration Officer
Insurance Agent
Bank Loan Officer
Automotive Appraiser
Documentation Specialist
Compliance Officer
Private Wealth Manager
Personal Banking Advisor
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