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Simple Car Purchase Agreement
"I need a Simple Car Purchase Agreement for selling my used BMW 3 Series to a private buyer, with payment in installments over 6 months starting March 2025, including a 14-day inspection period for the buyer."
1. Parties: Identification of seller and buyer with full legal names, addresses, and contact information
2. Background: Brief context of the sale and confirmation that the seller is the legal owner of the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.
4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, mileage, color, and registration number
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: Terms and process for transferring vehicle ownership and registration
8. Vehicle Handover: Details of vehicle delivery including location, date, and required documentation
9. Warranties: Statutory warranties and any additional warranties or their exclusion (as permitted by law)
10. Governing Law: Confirmation that the agreement is governed by German law
1. Financing Terms: Include when purchase is financed, detailing loan terms and security interests
2. Trade-In Vehicle: Include when buyer is trading in another vehicle as part of the purchase
3. Inspection Period: Include when parties agree to a post-purchase inspection period
4. Insurance Requirements: Include when specific insurance requirements need to be met before transfer
5. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
6. Export Provisions: Include when vehicle may be exported to another country
1. Vehicle Condition Report: Detailed report of vehicle condition including photographs and noted defects
2. Service History: Documentation of vehicle maintenance and repair history
3. Equipment List: Detailed list of included equipment, accessories, and spare parts
4. Vehicle Documents: List of all documents being transferred (registration papers, manuals, etc.)
5. Technical Inspection Report: Recent TÜV or equivalent technical inspection report
Authors
Automotive
Retail
Financial Services
Transportation
Fleet Management
Insurance
Vehicle Leasing
Legal
Sales
Finance
Compliance
Documentation
Business Development
Risk Management
Customer Service
Operations
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Fleet Manager
Car Dealer
Automotive Sales Representative
Vehicle Finance Specialist
Business Development Manager
Documentation Specialist
Contract Administrator
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