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Car Selling Agreement Template for Singapore

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Key Requirements PROMPT example:

Car Selling Agreement

"I need a Car Selling Agreement for selling my Toyota Camry to a private buyer in Singapore, with a deferred payment arrangement where 30% will be paid on March 15, 2025, and the remaining amount by May 1, 2025."

Document background
The Car Selling Agreement is essential for documenting vehicle sales transactions in Singapore. It protects both parties' interests by clearly stating the terms of sale, vehicle condition, and transfer requirements. This agreement is necessary for compliance with Singapore's regulatory framework, including LTA requirements and the Sale of Goods Act. It should be used for all vehicle sales transactions, whether between private parties or through dealerships, and includes crucial details about the vehicle, payment terms, and warranty provisions.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the sale and basic transaction information

3. Definitions: Key terms used throughout the agreement

4. Vehicle Description: Detailed specification of the vehicle being sold

5. Purchase Price: Amount and payment terms

6. Transfer of Ownership: Process and obligations for transferring vehicle ownership

7. Warranties: Standard warranties regarding vehicle condition and ownership

8. Completion: Details of completion process and requirements

Optional Sections

1. Financing Terms: Required when sale involves installment payments or external financing

2. Trade-in Terms: Details of any vehicle being traded in as part of the purchase

3. Extended Warranty: Additional warranty terms beyond standard provisions

Suggested Schedules

1. Vehicle Condition Report: Detailed inspection report of vehicle condition

2. Service History: Documentation of vehicle maintenance history

3. Registration Documents: Copies of vehicle registration and ownership documents

4. Insurance Certificates: Relevant insurance documentation

5. Payment Schedule: Detailed schedule of installment payments if financing is involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Industries

Sale of Goods Act (SOGA): Primary legislation governing contracts for the sale of goods in Singapore, defining rights and obligations of buyers and sellers, including implied conditions about quality and fitness for purpose

Consumer Protection (Fair Trading) Act (CPFTA): Legislation protecting consumers against unfair practices in transactions, particularly relevant when selling vehicles to individual consumers rather than businesses

Road Traffic Act: Regulates vehicle ownership transfer, registration requirements, and relevant Land Transport Authority (LTA) regulations that must be complied with during vehicle sales

Motor Vehicles (Third-Party Risks and Compensation) Act: Governs insurance requirements and liability considerations for motor vehicles in Singapore

Hire Purchase Act: Regulates financing and installment payment arrangements in vehicle sales, providing protection for buyers in hire-purchase agreements

Contract Law: Common law principles governing contract formation, terms and conditions, breach and remedies in Singapore's legal system

Electronic Transactions Act: Legislation governing electronic transactions and signatures, relevant when executing agreements electronically

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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