Auto loan sales contract template – At any time you sell something with someone, you need to establish a contract. This contract will offer protection to you, the seller, and also to the purchaser. Adding details that will protect the buyer will also attract the buyer into probably agreeing into phrases.
The basic information that ought to be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract should also include a disclosure about the product, including a list of things that you know need to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs prior to the last sale.
If you’re selling your privately and you opt to take a delayed payment, you’ll have to include all information concerning the payment in your market item contract. This information must include the amount of cash to be paid, how many installments will be made, once the installments will be made, and when the last term of the contract should be fulfilled. The item sell contract must also list details about late payment penalties, and when the seller has the right to reclaim the property if the arrangement ought to be breached.
In addition to the model and price, the thing sell agreement must state whether the product has a clear title, and in what condition the item is titled in. In most states it’s legally required to have a clear title so as to sell a product for anything other than just parts. If your item doesn’t have a clear title, be sure that the contract clearly states this fact, and that the item is being sold for parts only. Of course, your contract should be signed by all parties, and all parties must receive a copy. Some countries require a notary as well, so be sure to check the local laws. You might also find templates for sell thing contracts readily through free legal form websites or Microsoft template websites. Check it out the sample of auto loan sales contract template below at the attachment page.