The Old Vehicle Sale Agreement is a standardized legal document designed for use in New Zealand to facilitate the sale of used vehicles between parties. This agreement is essential for both private sales and commercial transactions, providing a structured framework that ensures compliance with New Zealand's vehicle sale regulations, consumer protection laws, and transfer requirements. It includes comprehensive details about the vehicle, its condition, any known defects, payment terms, and warranties, while protecting both parties' interests. The document is particularly important given the specific requirements of the Motor Vehicle Sales Act 2003 and Consumer Guarantees Act 1993, and helps prevent future disputes by clearly documenting the terms of sale and the condition of the vehicle at the time of transfer.
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1. Parties: Identifies and provides full details of the seller and buyer
2. Background: Brief context explaining the seller's ownership and intention to sell the vehicle to the buyer
3. Definitions: Defines key terms used throughout the agreement
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 and final payment arrangements
6. Seller's Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
8. Transfer of Ownership: Terms regarding the transfer of vehicle ownership and registration
9. Risk and Insurance: Specifies when risk passes to the buyer and insurance requirements
10. Execution: Signature blocks and execution details for both parties
1. Conditional Sale: Used when the sale is subject to conditions such as finance approval or mechanical inspection
2. Trade-in Vehicle: Required when there is a trade-in vehicle as part of the transaction
3. Outstanding Finance: Included when there is existing finance to be cleared as part of the sale
4. Repairs and Modifications: Details any agreed repairs or modifications to be completed before sale
5. Extended Warranty: Used when an extended warranty is being provided or purchased
6. Dispute Resolution: Detailed dispute resolution procedures beyond standard legal remedies
1. Vehicle Condition Report: Detailed report of the vehicle's condition including any known defects or damage
2. Vehicle History: Documentation of service history, previous owners, and any accidents or repairs
3. Included Items: List of additional items included in the sale (tools, spare parts, etc.)
4. Photos: Dated photographs of the vehicle showing its condition at time of sale
5. Pre-purchase Inspection Report: If available, report from mechanical inspection prior to sale
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