A Used Vehicle Bill of Sale is a crucial document required for any transaction involving the sale of a pre-owned vehicle in India. This document serves as official evidence of the transfer of ownership and is essential for subsequent vehicle registration changes at the Regional Transport Office (RTO). The document must comply with the Motor Vehicles Act 1988 and various state-specific regulations. It includes comprehensive details about the vehicle (including make, model, year, VIN, and registration number), complete information about both buyer and seller, the purchase price, payment terms, and the vehicle's current condition. The document is particularly important as it protects both parties' interests by clearly stating the terms of sale and the condition in which the vehicle is being transferred, helping prevent future disputes and ensuring legal compliance.
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1. Parties: Identification and complete details of the seller and buyer, including names, addresses, and contact information
2. Background: Brief context about the vehicle sale transaction and the intent of the parties
3. Definitions: Key terms used in the document defined for clarity
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and color
5. Purchase Price: Statement of the agreed purchase price and payment terms
6. Seller's Representations: Seller's declarations regarding vehicle ownership, liens, and condition
7. Transfer of Title: Terms of ownership transfer and responsibility for transfer documentation
8. Odometer Declaration: Statement of the current odometer reading and its accuracy
9. As-Is Condition: Declaration that the vehicle is sold 'as-is' with no warranties unless specifically stated
10. Execution: Signature block with date and witness provisions
1. Warranties: Include when specific warranties are being provided by the seller
2. Outstanding Loans: Include when there are existing loans on the vehicle that need to be addressed
3. Joint Ownership: Include when the vehicle has multiple owners
4. Insurance Transfer: Include details about transfer of existing insurance policy if applicable
5. Dispute Resolution: Include specific dispute resolution procedures if desired by parties
6. Governing Law: Include if parties want to specify jurisdiction beyond default Indian law
1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle condition, including photographs and noted defects
2. Schedule B - Service History: Documentation of vehicle maintenance and repair history
3. Schedule C - Accessories List: Itemized list of additional accessories included in the sale
4. Schedule D - Outstanding Loans Details: Details of any existing loans and settlement arrangements
5. Appendix 1 - Required Documents: Checklist of documents to be transferred (RC book, insurance, PUC certificate, etc.)
6. Appendix 2 - Transfer Forms: Copies of relevant RTO transfer forms
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Fleet Management
Vehicle Leasing
Insurance
Legal Services
Real Estate (for company vehicles)
Logistics
Retail (Automotive)
Financial Services
Relevant Teams
Legal
Operations
Fleet Management
Procurement
Administration
Finance
Compliance
Asset Management
Documentation
Risk Management
Relevant Roles
Fleet Manager
Automotive Sales Manager
Legal Counsel
Compliance Officer
Administrative Officer
Vehicle Procurement Manager
Asset Manager
Operations Manager
Finance Manager
Insurance Coordinator
Documentation Specialist
Transportation Manager
Business Owner
Property Manager
Contract Administrator
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