Car Sale Agreement Template for Nigeria

A Car Sale Agreement is a legal contract between a buyer and seller that documents the transfer of vehicle ownership in Nigeria. It spells out the key details of the sale, including the car's make, model, VIN number, agreed price, and payment terms. This document protects both parties and helps avoid future disputes about the transaction.

Under Nigerian law, this agreement serves as official proof of sale and must include specific details required by the Federal Road Safety Commission (FRSC). It makes the ownership transfer official, lets the buyer register the vehicle in their name, and helps prevent issues with stolen vehicles or unpaid loans. Smart sellers and buyers always put their car sales in writing, even when dealing with family or friends.

Use a Car Sale Agreement anytime you buy or sell a vehicle in Nigeria, even for private sales between friends. The moment you agree on a price and terms, draft this agreement before exchanging any money or handing over the keys. This protects you from future claims about the sale price, vehicle condition, or ownership status.

The agreement becomes especially important when dealing with used cars, imported vehicles, or sales involving payment installments. Nigerian law requires proper documentation for vehicle registration transfer at the FRSC, and this agreement serves as your primary proof of the transaction. It also helps prevent issues with vehicle financing, insurance claims, or legal disputes down the road.

• Automobile Sales Agreement: Standard format for new vehicle sales, typically used by dealerships with comprehensive warranty and inspection details
• Used Car Sales Contract: Includes detailed disclosures about vehicle condition, previous ownership, and existing defects
• Vehicle Sale Contract With Payments: Specifically designed for installment purchases, outlining payment schedule and ownership transfer conditions
• Bill Of Sale Agreement For Car: Simplified version for private sales, focusing on basic transfer details and "as-is" conditions

• Car Dealers: Create and use these agreements daily for new and used vehicle sales, often with standardized terms from their legal teams
• Private Sellers: Use basic Car Sale Agreements when selling their personal vehicles to protect their interests after the sale
• Buyers: Review and sign these agreements before making payment, ensuring they understand the terms and receive proper documentation
• Banks/Finance Companies: Review agreements for financed purchases and may require specific clauses for loan security
• Legal Practitioners: Draft and review agreements, especially for complex sales or high-value transactions
• FRSC Officials: Reference these agreements during vehicle registration transfers and ownership verification

• Vehicle Details: Gather complete information including make, model, year, VIN, mileage, color, and registration number
• Seller Documentation: Collect proof of ownership, maintenance records, and valid ID of the current owner
• Price Terms: Document the agreed sale price, payment method, and any installment arrangements
• Vehicle Condition: List existing damages, recent repairs, and any warranties still in effect
• Buyer Information: Get full name, valid ID, contact details, and address for registration
• Legal Requirements: Our platform ensures your agreement includes all FRSC-mandated details for smooth ownership transfer
• Signatures: Arrange for both parties and witnesses to sign in person with valid identification

• Party Information: Full names, addresses, and contact details of buyer and seller with valid ID numbers
• Vehicle Description: Complete details including make, model, year, VIN, color, mileage, and registration number
• Price and Payment: Agreed purchase price, payment method, and installment terms if applicable
• Transfer Terms: Clear statement of ownership transfer and delivery conditions
• Vehicle Condition: Detailed description of current state, known defects, and any warranties
• Legal Compliance: Reference to Nigerian Vehicle Registration laws and FRSC requirements
• Signatures Section: Space for buyer, seller, and witness signatures with date fields
• Governing Law: Statement specifying Nigerian law governs the agreement

A Car Sale Agreement is often confused with a Sale and Purchase Agreement, but they serve different purposes in Nigerian law. While both document transactions, a Car Sale Agreement is specifically designed for vehicle transfers and includes mandatory elements required by the FRSC.

• Scope and Detail: Car Sale Agreements focus exclusively on vehicle transactions, including VIN numbers, mileage, and registration details. Sale and Purchase Agreements cover general property transfers and lack these specific vehicle-related provisions.
• Regulatory Compliance: Car Sale Agreements must meet FRSC requirements for vehicle registration transfer, while general Sale and Purchase Agreements don't address these transportation authority requirements.
• Documentation Requirements: Car Sale Agreements typically include vehicle inspection reports, maintenance records, and insurance information. General Sale and Purchase Agreements focus more on payment terms and basic property descriptions.
• Transfer Process: Car Sale Agreements include specific steps for vehicle handover and registration transfer, while Sale and Purchase Agreements follow standard property transfer procedures.