The Vehicle Sales Agreement is a crucial legal document used in New Zealand for documenting the transfer of ownership of a motor vehicle from seller to buyer. It is designed to protect the interests of both parties by clearly stating the terms and conditions of the sale, including vehicle details, price, payment terms, and warranties. This agreement is essential for both private sales and commercial transactions through dealerships, ensuring compliance with New Zealand's regulatory framework, including the Motor Vehicle Sales Act 2003, Consumer Guarantees Act 1993, and Fair Trading Act 1986. The document helps prevent future disputes by providing clear documentation of the transaction and serves as evidence of ownership transfer for registration purposes.
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1. Parties: Identification of the seller and buyer, including full legal names, addresses, and contact details
2. Background: Brief context setting out the seller's ownership of the vehicle and the buyer's intention to purchase
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 information about the vehicle including make, model, year, registration number, VIN, and odometer reading
6. Seller's Warranties: Standard warranties about vehicle ownership, freedom from encumbrances, and compliance with legal requirements
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 transfer of ownership and registration
9. Risk and Insurance: When risk passes to the buyer and requirements for insurance
10. General Terms: Standard contract provisions including governing law, entire agreement, and amendments
11. Execution: Signature blocks for all parties and witnesses if required
1. Deposit: Terms relating to any deposit required, including amount and whether refundable - use when a deposit is part of the payment structure
2. Finance Conditions: Conditions relating to buyer obtaining finance - include when the sale is subject to finance approval
3. Trade-in Vehicle: Details and terms relating to any vehicle being traded in as part of the purchase - use when a trade-in is involved
4. Mechanical Inspection: Terms relating to any pre-purchase inspection requirements - include when the sale is subject to mechanical inspection
5. Outstanding Finance: Provisions dealing with existing finance on the vehicle - include when the vehicle has existing finance to be cleared
6. Delivery Terms: Specific arrangements for vehicle delivery - include when delivery is not immediate or is to a different location
7. Warranty Package: Details of any additional warranty provided - include when selling with an extended warranty or dealer guarantee
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle, including all features and modifications
2. Schedule 2 - Vehicle Condition Report: Detailed report on the vehicle's condition, including any known defects or damage
3. Schedule 3 - Proof of Ownership: Copies of current registration and ownership documents
4. Schedule 4 - Service History: Details of vehicle service history and maintenance records
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments
6. Appendix A - Vehicle Photos: Dated photographs showing the condition of the vehicle at time of sale
7. Appendix B - Additional Documentation: Any additional certificates, WoF reports, or relevant documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Transportation
Fleet Management
Vehicle Leasing
Auto Finance
Insurance
Vehicle Import/Export
Relevant Teams
Sales
Legal
Compliance
Finance
Operations
Administrative
Customer Service
Risk Management
Documentation
Vehicle Processing
Relevant Roles
Sales Manager
Fleet Manager
Automotive Sales Representative
Finance Manager
Compliance Officer
Legal Counsel
Business Development Manager
Operations Manager
Dealership Manager
Vehicle Import Manager
Administrative Assistant
Contract Administrator
Risk Manager
Customer Service Representative
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