The Second Hand Car Purchase Agreement is a crucial legal document used in the Philippines when transferring ownership of a used vehicle between parties. It is designed to comply with Philippine legal requirements, including the Civil Code, Consumer Act, and specific regulations from the Land Transportation Office. This agreement is essential for both private sales and dealership transactions, providing a clear framework for the terms of sale, vehicle condition disclosure, warranty provisions, and payment terms. It helps prevent future disputes by documenting all aspects of the transaction and ensures compliance with local registration and transfer requirements. The document is particularly important given the significant number of second-hand vehicle transactions in the Philippines and the need to protect both buyers and sellers through proper documentation and clear terms.
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1. Parties: Identification of the seller and buyer with complete details including names, addresses, and contact information
2. Background: Brief context of the transaction and statement of the parties' intention to enter into the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter: Detailed description of the vehicle being sold including make, model, year, color, engine/chassis numbers
5. Purchase Price: The agreed purchase price and payment terms including method and schedule of payment
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and legal status
7. Transfer of Ownership: Process and requirements for transferring vehicle ownership
8. Delivery: Terms and conditions for vehicle delivery including timing and location
9. Documentation: List of required documents for transfer and registration
10. Governing Law: Specification that Philippine law governs the agreement
11. Dispute Resolution: Process for resolving any disputes between parties
12. Entire Agreement: Statement that the document represents the complete agreement between parties
1. Financing Terms: Include when purchase involves financing or installment payments
2. Insurance: Include when specific insurance requirements are part of the agreement
3. Trade-in Terms: Include when there is a vehicle trade-in as part of the transaction
4. Inspection Period: Include when buyer is given a specific period to inspect the vehicle
5. Third-Party Warranty: Include when an additional warranty is being provided by a third party
6. Broker/Agent Details: Include when a broker or agent is involved in the transaction
7. Force Majeure: Include when parties want to address unforeseen circumstances affecting the transaction
1. Schedule A - Vehicle Details: Comprehensive technical specifications and details of the vehicle
2. Schedule B - Vehicle Condition Report: Detailed report on the current condition including any existing damage or issues
3. Schedule C - Maintenance History: Record of previous maintenance and repairs
4. Schedule D - Payment Schedule: If applicable, detailed breakdown of payment terms and dates
5. Appendix 1 - Vehicle Registration Documents: Copies of current registration and related documents
6. Appendix 2 - Vehicle Insurance Documents: Copies of insurance policies and certificates
7. Appendix 3 - Vehicle Photographs: Recent photographs showing vehicle condition from multiple angles
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Financial Services
Insurance
Legal Services
Transportation
Consumer Goods
Relevant Teams
Legal
Sales
Finance
Compliance
Documentation
Risk Management
Administrative
Customer Service
Operations
Business Development
Relevant Roles
Car Dealer
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Insurance Agent
Vehicle Inspector
Documentation Specialist
Car Broker
Business Development Manager
Risk Assessment Officer
Claims Manager
Title Clerk
Administrative Officer
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