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Car Buying Contract

Car Buying Contract Template for Malaysia

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Key Requirements PROMPT example:

Car Buying Contract

"I need a Car Buying Contract for the sale of my 2020 Honda Civic to a private buyer in Kuala Lumpur, with a planned completion date of January 15, 2025, including provisions for a RM5,000 deposit and vehicle inspection requirements."

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Document background
The Car Buying Contract is essential for documenting vehicle sales transactions in Malaysia, providing legal protection for both buyers and sellers. This document is used whenever a motor vehicle is bought or sold, whether between private individuals or involving commercial entities. It encompasses crucial elements required by Malaysian law, including detailed vehicle specifications, payment terms, warranties, and ownership transfer procedures. The agreement ensures compliance with various Malaysian regulations, including the Road Transport Act 1987, Sale of Goods Act 1957, and Consumer Protection Act 1999. It can be adapted for different scenarios, including private sales, dealer sales, and situations involving financing or trade-ins.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction and acknowledgment that the seller owns the vehicle and has the right to sell it

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, chassis number, engine number, and current mileage

5. Purchase Price: The agreed purchase price and payment terms, including deposit and balance payment details

6. Transfer of Ownership: Terms regarding the transfer of vehicle ownership and registration with the Road Transport Department (JPJ)

7. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Completion: Details of the completion process, including documentation requirements and timing

10. Governing Law: Specification that Malaysian law governs the agreement

11. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Trade-In Details: Used when the buyer is trading in another vehicle as part of the purchase

2. Financing Terms: Required when the purchase involves hire-purchase or other financing arrangements

3. Conditional Sale: Used when the sale is subject to specific conditions that must be met

4. Extended Warranty: Details of any extended warranty purchased with the vehicle

5. Insurance Requirements: Specific insurance requirements beyond statutory requirements

6. Defect Resolution: Specific procedures for handling any defects discovered after purchase

7. After-Sales Service: Terms of any included after-sales service or maintenance packages

Suggested Schedules

1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle

2. Schedule 2 - Vehicle Condition Report: Comprehensive report on the vehicle's condition at time of sale

3. Schedule 3 - Included Items: List of additional items included in the sale (spare tire, tools, etc.)

4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Appendix A - Vehicle Documentation: Copies of vehicle registration, road tax, and other official documents

6. Appendix B - Service History: Vehicle's maintenance and service history records

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





























Clauses


























Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Fleet Management

Vehicle Leasing

Automotive Distribution

Relevant Teams

Legal

Sales

Finance

Compliance

Operations

Administrative

Risk Management

Procurement

Business Development

Asset Management

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Fleet Manager

Procurement Manager

Business Development Manager

Car Dealer

Administrative Officer

Contract Administrator

Risk Manager

Operations Manager

Vehicle Assets Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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