Vehicle Sales Agreement Template (Page 2 of 2) in pdf

VEHICLE SALES AGREEMENT

(Page 2 of 2)

SALES DETAILS

(Car Price minus Deposit)

Car Price

Balance Due

(The loan amount the

Deposit

Loan Amount

Buyer intends to apply for)

Vehicle hand-over date

(Vehicle is to be handed over to the Buyer no later than this date)

Terms & Conditions

All fees & levies imposed by the Land Transport Authority (LTA) directly associated with this Vehicle’s ownership transfer are to be

borne by the Buyer.

The Buyer is to purchase at his own expense, a motor insurance policy for this Vehicle which is valid as of the date of ownership

transfer and for not less than the full period of valid road tax.

In the event of a breach of this Agreement by the Seller, the Seller is to compensate the Buyer an amount equal to twice the value of

the Deposit.

In the event of a breach of this Agreement by the Buyer, the Seller will keep the Deposit.

In the event that the Buyer is unable to secure a loan for the intended Loan Amount, this Agreement will be voided and the Seller is

to refund the Deposit to the Buyer.

The Seller is to hand over the keys, remote controls, owner’s manual and other documents which are related to this Vehicle, where

available, to the Buyer.

The Seller is to preserve the condition of this Vehicle as of the Date of this Agreement and with all accessories intact.

The Seller is to effect ownership transfer of the Vehicle to the Buyer within 7 days of the Vehicle hand-over date.

The Buyer and the Seller acknowledge that each of them has read and understood the terms of this Agreement, and has sought his

/ her / its own independent legal advice on the terms herein, and executes this Agreement based upon such party’s own judgment

and independent legal advice (if sought).

10.

This Agreement constitutes the entire agreement of the parties relating to the subject matter addressed in this Agreement.

This Agreement supersedes all prior communications, contracts, or agreements between the parties with respect to the subject

matter addressed in this Agreement, whether oral or written.

11.

This Agreement shall be governed by the laws of the Republic of Singapore.

Buyer’s Signature

Seller’s Signature

Page 2 of 2

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By using this document, you agree not to hold SgCarMart (SGCM Pte Ltd) liable for any claims,

losses, damages or expenses arising from the usage of this document.

Vehicle Sales Agreement Template Page 2