The Sale of Vehicle Contract
One of the things you should have when you sell your car is a Sale of Vehicle Contract. This is one of the most important legal agreements to have when selling your car or any other vehicle (whether you’re selling your boat, bike or bakkie). Before you sell your vehicle, you need to make sure you have all of your paperwork in order. If you have had your car for a while, this should be fairly simple. You need your title, current registration, and insurance information. You just need to make sure that all the information on these documents is correct. Some people move and forget to update their address, or have a name change by marriage, and while these things may not seem important at the time, they can be when it comes to transferring information to a new owner.
What documents do you need to sell your car?
A Sale of Vehicle Contract is a written legal agreement between the person selling the vehicle and the buyer. It states things like how old the vehicle is, if it is sold as-is or if there is a warranty or vehicle maintenance plan of some kind. It can also be used to specify any extra things that may be included as part of the sale, like car stereo, specialty wheels like mags, seat covers, and even extras like a camper shell or canopy. It should also state anything that is obviously wrong with the vehicle, like dents and dings, or broken or worn parts, and any other defects that the seller may be aware of. This contract should also specifically state the terms of payments, whether in whole or in part, and what is expected as a deposit if the buyer is not paying the full purchase price immediately. If payment of the purchase price is to be made in instalments, the contract needs to clearly state how much is expected each month, and on what date. It should also stipulate what the penalties are for not paying on time (eg. penalty interest and a breach clause.)
You also need to complete, sign and provide the purchaser with the NaTis sale of vehicle documents (available from any licensing department) as well as a copy of your ID and the original registration certificate showing you as the titleholder. You can read our blog on Selling your Vehicle for more details.
Get a vehicle sale contract online.
You can try to write up a contract for the sale of your vehicle on your own, worrying about how legit it’s going to be. Or you can find a Sale of Vehicle Agreement online. You want a site that includes other legal agreements as well; a one stop legal contract site. This site should have legal contracts of different varieties, because you just never know when you might need some kind of legal agreement or template document. You also need a site that is set up by legal professionals, and written by professionals. You can search the Internet with hit or miss results, or you can go to a website that has it all. Agreements Online contains almost any legal agreements that you can think of. So instead of spending hours on end trying to find what you’re looking for, you can save time and effort by buying our Sale of Vehicle Contract now.
Please note that this information is supplied for general information and does not constitute legal advice. It is advisable for you to contact a legal practitioner for guidance in respect of your unique requirements.