Sale Of Motor Vehicle Form for Malaysia

Sale Of Motor Vehicle Form Template for Malaysia

A comprehensive legal document governed by Malaysian law that facilitates and formalizes the transfer of ownership of a motor vehicle from seller to buyer. This document complies with the Road Transport Act 1987 and other relevant Malaysian legislation, capturing all essential details of the transaction including vehicle specifications, price, payment terms, and warranties. It serves as both a binding agreement and an official record of the sale, incorporating necessary provisions for registration transfer and regulatory compliance in Malaysia.

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What is a Sale Of Motor Vehicle Form?

The Sale Of Motor Vehicle Form is a crucial legal document used in Malaysia for documenting and executing the transfer of ownership of motor vehicles. This document is essential for both private sales and commercial transactions, ensuring compliance with Malaysian legislation including the Road Transport Act 1987, Contracts Act 1950, and Consumer Protection Act 1999. The form captures vital information about the vehicle, parties involved, sale conditions, and warranty terms, while also serving as evidence of the transaction for registration authorities. It's designed to protect both buyer and seller interests by clearly stating the terms of sale, vehicle condition, and transfer obligations, making it an indispensable tool for any vehicle transaction in Malaysia.

What sections should be included in a Sale Of Motor Vehicle Form?

1. Parties: Identification and details of the Seller and Buyer, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction and confirmation of the Seller's ownership and right to sell

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Complete description of the vehicle including make, model, year, registration number, chassis number, engine number, and color

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment details

6. Completion: Details of when and how the sale will be completed, including handover of vehicle and documents

7. Seller's Warranties: Standard warranties about vehicle ownership, condition, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Transfer of Ownership: Process and obligations regarding the transfer of vehicle registration and ownership

10. Governing Law: Specification that the agreement is governed by Malaysian law

What sections are optional to include in a Sale Of Motor Vehicle Form?

1. Hire Purchase Terms: Include when the purchase involves financing through a hire purchase arrangement

2. Dealer Warranty: Include when the seller is a dealer providing additional warranties beyond statutory requirements

3. Trade-In Details: Include when part of the purchase price is paid through a vehicle trade-in

4. Insurance Transfer: Include details about transfer or arrangement of vehicle insurance when applicable

5. Roadworthiness Certificate: Include when selling a used vehicle requiring specific roadworthiness certification

What schedules should be included in a Sale Of Motor Vehicle Form?

1. Schedule 1 - Vehicle Specifications: Detailed technical specifications and features of the vehicle

2. Schedule 2 - Vehicle Condition Report: Comprehensive report on the vehicle's condition including any existing damage or defects

3. Schedule 3 - Maintenance History: Service and maintenance records of the vehicle

4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Appendix A - Required Documents: List of all documents required for the transfer of ownership

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Bill of Sale

Sector

Sales

Cost

Free to use
Relevant Industries

Automotive

Financial Services

Insurance

Legal Services

Transportation

Retail

Consumer Services

Relevant Teams

Legal

Sales

Finance

Compliance

Administration

Documentation

Customer Service

Operations

Relevant Roles

Car Sales Executive

Automotive Finance Manager

Legal Counsel

Compliance Officer

Vehicle Registration Officer

Insurance Agent

Sales Manager

Administrative Assistant

Documentation Specialist

Business Development Manager

Contract Administrator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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