The Car Sold As Is Contract is essential for private vehicle sales in New Zealand where the seller wishes to limit their liability regarding the vehicle's condition post-sale. This document is particularly useful for private sellers, though it may also be used by small-scale dealers in certain circumstances. It includes comprehensive vehicle details, clear statements about the 'as is' nature of the sale, and necessary declarations to comply with New Zealand law. The contract addresses requirements under the Fair Trading Act 1986 and, where applicable, the Consumer Guarantees Act 1993, while providing clear documentation of the transaction terms. It's designed to protect both parties by clearly stating the vehicle's condition and sale terms, helping prevent future disputes while ensuring legal compliance in the New Zealand jurisdiction.
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Key Requirements PROMPT example:
Car Sold As Is Contract
"I need a Car Sold As Is Contract for selling my 2018 Toyota Corolla to a private buyer in Auckland, New Zealand, with the sale to include all service records and a recent mechanical inspection report."
1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information
2. Background: Brief context explaining this is a private sale of a used vehicle on an 'as is' basis
3. Definitions: Defines key terms used in the agreement, including 'as is', 'vehicle', 'purchase price', and 'completion date'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, VIN, and odometer reading
5. Purchase Price and Payment: Specifies the agreed purchase price and payment terms, including deposit if applicable
6. As Is Condition: Explicitly states the vehicle is sold 'as is' with no warranties or guarantees, and buyer acknowledges accepting the vehicle in its current condition
7. Transfer of Ownership: Details the process and timing of transferring vehicle ownership and registration
8. Seller's Declarations: Seller's statements regarding ownership, authority to sell, and known material facts about the vehicle
9. Buyer's Acknowledgments: Buyer's confirmation of inspection opportunity and acceptance of vehicle condition
10. Completion: Details of the completion process, including timing and location of vehicle collection
11. Governing Law: Specifies that New Zealand law governs the agreement
1. Deposit Terms: Used when a deposit is required, specifying amount, payment timing, and conditions for refund or forfeiture
2. Third-Party Inspection: Include when parties agree to allow pre-purchase inspection by a qualified mechanic
3. Outstanding Finance: Required if there is any remaining finance on the vehicle that needs to be cleared before or at sale
4. Conditional Sale: Used when sale is subject to conditions such as finance approval or satisfactory mechanical inspection
5. Trade-In Details: Include when another vehicle is being traded as part of the transaction
1. Schedule 1 - Vehicle Condition Report: Detailed description of vehicle's current condition, including known faults and damage
2. Schedule 2 - Vehicle History: Service history, previous owners, accident history, and any major repairs
3. Schedule 3 - Vehicle Documentation: List of documents provided with the vehicle (service records, manuals, etc.)
4. Schedule 4 - Vehicle Photographs: Dated photographs showing vehicle condition at time of sale
5. Appendix A - Pre-purchase Inspection Report: If applicable, third-party inspection report detailing vehicle condition
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Retail
Legal Services
Insurance
Vehicle Finance
Vehicle Inspection Services
Private Sales
Relevant Teams
Legal
Compliance
Sales
Finance
Administration
Documentation
Vehicle Operations
Risk Management
Relevant Roles
Car Dealer
Vehicle Sales Manager
Legal Counsel
Compliance Officer
Finance Manager
Business Owner
Fleet Manager
Administrative Assistant
Contract Administrator
Sales Representative
Vehicle Inspector
Documentation Specialist
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