The Used Car Sales Contract is a vital legal document used in Hong Kong for transactions involving second-hand vehicles. It is designed to comply with Hong Kong's legal framework, including the Sale of Goods Ordinance (Cap. 26), Motor Vehicles Ordinance, and related regulations. This contract should be used whenever a used vehicle is being sold, whether between private individuals or through dealerships. It includes crucial details such as vehicle specifications, condition reports, warranty terms, payment arrangements, and ownership transfer procedures. The document is particularly important in Hong Kong's dynamic automotive market, where clear documentation of vehicle transactions is essential for both legal compliance and protection of parties' interests. It addresses specific requirements of Hong Kong's Transport Department regarding vehicle registration transfer and incorporates necessary consumer protection provisions.
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1. Parties: Identification of the seller and buyer with full legal names, addresses, and contact details
2. Background: Brief context of the sale and confirmation that the seller owns the vehicle
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Sale and Purchase: Core agreement to sell and purchase the vehicle, including the purchase price and payment terms
5. Vehicle Details: Essential details of the vehicle including make, model, year, registration number, chassis number, and mileage
6. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and absence of encumbrances
7. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
8. Completion: Details of when and how the sale will be completed, including handover procedures
9. Transfer of Title: Process and obligations regarding the transfer of vehicle ownership
10. Payment Terms: Detailed breakdown of payment method, timing, and any deposits or installments
11. General Provisions: Standard contract clauses including governing law, notices, and entire agreement
1. Condition Report: Detailed description of the vehicle's condition, to be included when selling as-is or with known issues
2. Financing Terms: Include when the purchase involves financing or installment payments
3. Trade-in Terms: Details of any vehicle being traded in as part of the purchase
4. Post-Sale Services: Any additional services offered by the seller such as warranty or maintenance
5. Insurance Requirements: Specific insurance requirements if relevant before transfer
6. Dispute Resolution: Detailed dispute resolution procedures if parties want specific mechanisms
7. Intermediary Provisions: Include when a dealer or agent is involved in the transaction
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive inspection report including photographs and noted defects
3. Schedule 3 - Service History: Details of previous maintenance and repairs
4. Schedule 4 - Payment Schedule: If applicable, breakdown of installment payments or financing terms
5. Appendix A - Vehicle Documents: List of all documents to be transferred with the vehicle
6. Appendix B - Registration Documents: Copies of current registration and licensing documents
7. Appendix C - Insurance Documents: Details of current insurance and requirements for transfer
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