It is much more convenient and economical to sell a used car to a private buyer rather than selling the car to a car. The seller will have a better price. In this case, the owner is responsible for drafting his own sales contract. This contract is called the Bill of Sale. This is a relatively simple document that requires very basic information about the purchase of vehicles. Here are some useful steps to follow you: Vehicle sales contract of this vehicle sales contract will be concluded this day of , 20 , and under (hereafter referred to as “seller “) and , by (hereafter referred to as “buyer”). Buyers and sellers are collectively referred to as “the parties.” To make sure you have all the documents and cheques in place when buying or selling a car, make sure you know the steps to follow when buying a used car in Kenya. A sales contract is a legal contract that requires a buyer to buy and a seller to sell a product or service. Sales contracts are most often used as a means of concluding the interests of both parties before an agreement is reached. If you want to create your own custom car sales contract, please keep reading. A simple car sales document identifies the following basic elements: a contract to buy or sell a car is therefore an agreement under which a vehicle is sold.
It records the transaction between the seller and the buyer, the details of the vehicle and the conditions of the transfer of ownership of the vehicle. The best way to create and complete this document – so that it is not lost, stolen or physically damaged – is the use of digital solutions. Open the empty form with PDFfiller. Fill them in and simply send the model to the second part for signature. Another important function of the vehicle purchase contract is its use with respect to the sale bill of the vehicle. As mentioned above, the contract will reveal the full terms of the sale by the previous owner to the current one: the names (seller/buyer) in the transaction, the information of the car, the amount for which it was purchased, the rights and responsibilities transferred as a result of the sale contract. The purchase/vehicle contract is a contract for the sale and purchase of the vehicle or other vehicle.