Document background
The Car Purchase Agreement is a vital legal document used in Canadian vehicle sales transactions, whether through dealerships or private sales. This agreement serves to protect both the seller's and buyer's interests by clearly documenting the terms of the vehicle sale, including detailed vehicle information, price, payment terms, warranties, and transfer of ownership conditions. It ensures compliance with federal legislation such as the Motor Vehicle Safety Act and provincial consumer protection laws, while also addressing specific provincial requirements for vehicle sales. The agreement is particularly important as it provides written evidence of the transaction terms and helps prevent future disputes by clearly outlining each party's rights and obligations. It can be used for both new and used vehicle sales, and may include additional provisions for financing, trade-ins, or extended warranties as needed.
