The Vehicle Purchase Agreement With Down Payment is essential for documenting the sale of vehicles in Germany where the buyer makes an initial down payment followed by subsequent payment(s). This document is commonly used by dealerships, private sellers, and corporate entities when selling new or used vehicles. It ensures compliance with German legal requirements, including the Civil Code (BGB), Vehicle Registration Ordinance (FZV), and consumer protection laws. The agreement covers crucial elements such as vehicle specifications, warranty terms, ownership transfer, and payment schedules. It's particularly important in scenarios where the full purchase price isn't paid upfront, providing legal protection for both buyer and seller while ensuring clear documentation of payment terms and ownership transfer conditions.
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1. Parties: Identification of the seller and buyer with full legal names, addresses, and contact information
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Down Payment', and 'Delivery Date'
4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and key features
5. Purchase Price and Payment Terms: Total purchase price, down payment amount, payment schedule, and method of payment
6. Down Payment Specifications: Details of the down payment including amount, due date, and payment method
7. Balance Payment: Terms for paying the remaining balance after the down payment
8. Transfer of Ownership: Conditions and process for transferring vehicle ownership and registration
9. Seller's Representations and Warranties: Seller's guarantees regarding vehicle condition, ownership, and absence of liens
10. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
11. Vehicle Documentation: Requirements for transfer of vehicle papers, registration documents, and maintenance records
12. Risk and Insurance: Transfer of risk and insurance requirements during and after the sale
13. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
14. Signatures: Execution blocks for both parties with date and place of signing
1. Trade-In Vehicle: Details of any vehicle being traded in as part of the purchase, including its valuation and condition - used when there is a trade-in component
2. Dealer Financing: Specific terms related to dealer-provided financing options - included when the dealer offers financing
3. Extended Warranty: Terms of any extended warranty or service package being purchased - included when additional warranty is offered
4. Vehicle Modifications: Details of any agreed modifications to be made before delivery - included when modifications are part of the sale
5. Registration Services: Terms regarding dealer assistance with vehicle registration - included when dealer provides registration service
6. Return Policy: Conditions under which the vehicle may be returned - included mainly in used car dealer contracts
7. Defect Resolution: Specific procedures for handling discovered defects - recommended for used vehicle sales
1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule B - Vehicle Condition Report: Comprehensive report on vehicle condition including photographs and noted defects
3. Schedule C - Payment Schedule: Detailed breakdown of payment installments if applicable
4. Schedule D - Included Accessories: List of all accessories and additional items included in the sale
5. Appendix 1 - Vehicle History Report: Official vehicle history documentation
6. Appendix 2 - Maintenance Records: Copy of vehicle maintenance history and service records
7. Appendix 3 - Warranty Terms: Detailed warranty terms and conditions if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Financial Services
Transportation
Fleet Management
Insurance
Luxury Goods
Commercial Vehicle
Relevant Teams
Legal
Sales
Finance
Compliance
Operations
Administrative
Risk Management
Procurement
Customer Service
Documentation
Relevant Roles
Sales Manager
Finance Manager
Legal Counsel
Automotive Sales Representative
Fleet Manager
Compliance Officer
Contract Administrator
Business Development Manager
Vehicle Finance Specialist
Dealership Manager
Corporate Procurement Manager
Risk Manager
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