The New Car Purchase Agreement is a crucial legal document used in Malaysia when purchasing a new vehicle from an authorized dealership. It serves as the primary contract governing the sale and purchase of new vehicles, ensuring compliance with Malaysian automotive regulations, consumer protection laws, and tax requirements. This agreement is essential for documenting the complete transaction details, including vehicle specifications, pricing, payment terms, warranties, and delivery conditions. It provides legal protection for both the dealership and the buyer while ensuring transparency in the purchase process. The document is designed to meet requirements under various Malaysian laws including the Consumer Protection Act 1999, Sale of Goods Act 1957, and Road Transport Act 1987, making it a vital tool for automotive transactions in the Malaysian market.
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1. Parties: Identification of the seller (dealership) and buyer with complete details including registration numbers, addresses, and contact information
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Description: Detailed specification of the vehicle including make, model, year, color, engine number, chassis number, and all included features
5. Purchase Price: Total purchase price, breakdown of costs, taxes, and registration fees
6. Payment Terms: Payment schedule, deposit requirements, and final payment conditions
7. Delivery: Delivery terms, timing, location, and conditions for acceptance of the vehicle
8. Warranties and Representations: Standard manufacturer warranties, dealer warranties, and representations about the vehicle's condition
9. Registration and Transfer: Obligations regarding vehicle registration and ownership transfer
10. Insurance: Requirements for insurance coverage before delivery
11. Default and Termination: Consequences of default and conditions for termination of the agreement
12. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Trade-In Vehicle: Details of any vehicle being traded in as part of the purchase, including valuation and condition assessment
2. Financing Arrangements: Specific terms if the purchase involves hire-purchase or other financing options
3. Customization: Details of any custom modifications or additions to be made to the vehicle
4. Extended Warranty: Terms of any extended warranty packages purchased
5. Maintenance Package: Details of any included or purchased maintenance packages
6. Test Drive: Conditions for pre-purchase test drive if applicable
7. Force Majeure: Provisions for unforeseen circumstances affecting delivery or performance
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all features and accessories
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including deposit, installments, and dues
3. Schedule 3 - Warranty Terms: Complete warranty terms and conditions from both manufacturer and dealer
4. Schedule 4 - Delivery Checklist: Inspection checklist for vehicle delivery and acceptance
5. Schedule 5 - Registration Documents: List of required registration documents and forms
6. Appendix A - Vehicle Condition Report: Pre-delivery inspection report and documentation of vehicle condition
7. Appendix B - Trade-In Valuation: If applicable, detailed valuation report for trade-in vehicle
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Financial Services
Insurance
Manufacturing
Consumer Goods
Transportation
Logistics
Relevant Teams
Sales
Legal
Finance
Compliance
Operations
Customer Service
Documentation
Risk Management
Business Development
Administrative Support
Relevant Roles
Sales Manager
Sales Executive
Finance Manager
Legal Counsel
Compliance Officer
Automotive Dealer Principal
Fleet Manager
Contract Administrator
Business Development Manager
Customer Service Manager
Vehicle Registration Officer
Documentation Specialist
Risk Management Officer
Purchase Manager
Operations Manager
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