The Agreement For Sale Of Motor Vehicle is a crucial legal document used in South Africa for documenting the terms and conditions of motor vehicle sales transactions. It is designed to comply with South African legislative requirements, including the Consumer Protection Act, National Road Traffic Act, and relevant commercial laws. This agreement is essential for both private sales and commercial transactions, providing a clear framework for transferring vehicle ownership, establishing payment terms, and documenting vehicle condition. It includes mandatory disclosures about the vehicle's history, current condition, and any existing encumbrances, while also addressing registration requirements and roadworthiness certification. The document serves as a vital protection mechanism for both sellers and purchasers, ensuring all aspects of the transaction are properly documented and legally binding.
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1. Parties: Identification and details of the Seller and Purchaser, including full names, identity numbers, and contact information
2. Background: Brief context of the transaction and confirmation that the Seller owns the vehicle and has the right to sell it
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', and other relevant definitions
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, VIN, registration number, and current odometer reading
5. Purchase Price: The agreed purchase price and payment terms, including deposit requirements and payment method
6. Warranties and Representations: Seller's warranties regarding vehicle ownership, condition, and outstanding finance, and purchaser's acknowledgments
7. Transfer of Ownership: Process and timing for transferring vehicle ownership, including registration requirements
8. Risk and Insurance: Transfer of risk and responsibility for insurance arrangements
9. Delivery: Details of vehicle delivery or collection, including timing and location
10. General Terms: Standard contract clauses including governing law, entire agreement, and amendment procedures
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase, to be used when there is a trade-in component
2. Installment Payment Terms: Detailed payment schedule and terms when the purchase price is paid in installments
3. Bank Finance: Terms relating to bank financing arrangements, when the purchase is subject to financing
4. Dealer Warranty: Additional warranty terms when offered by a dealer (as opposed to private sale)
5. Commission: Terms relating to any agent or broker commission, when a third party facilitated the sale
6. Roadworthy Certificate: Special conditions relating to obtaining or providing a roadworthy certificate, when required
1. Schedule A - Vehicle Condition Report: Detailed inspection report noting the condition of all major components and any existing damage
2. Schedule B - Vehicle Service History: Record of previous services, maintenance, and repairs
3. Schedule C - Vehicle Accessories: List of all accessories included in the sale
4. Schedule D - Vehicle Photos: Dated photographs showing the current condition of the vehicle
5. Schedule E - Outstanding Finance Declaration: Declaration regarding any outstanding finance or encumbrances on the vehicle
6. Appendix 1 - Required Documentation: Checklist of all documentation required for the transfer of ownership
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