Car Sold As Is Contract for Nigeria

Car Sold As Is Contract Template for Nigeria

A legally binding contract governed by Nigerian law that facilitates the sale of a vehicle in "as is" condition, explicitly stating that the buyer accepts the vehicle in its current state without warranties or guarantees. This document includes comprehensive details about the vehicle's condition, known defects, and disclaimer of warranties, while ensuring compliance with Nigerian vehicle transfer regulations and consumer protection laws. The contract protects both seller and buyer by clearly documenting the terms of sale, vehicle condition, and transfer of ownership responsibilities, while incorporating necessary provisions under Nigerian contract law and automotive regulations.

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What is a Car Sold As Is Contract?

The Car Sold As Is Contract is essential for transactions where a vehicle is being sold without warranties or guarantees in Nigeria. This document is particularly important for protecting both sellers and buyers in used vehicle transactions, whether between private individuals or commercial entities. It should be used whenever a vehicle is sold in its current condition without any promises about its future performance or condition. The contract incorporates specific requirements of Nigerian law regarding vehicle transfers, ownership documentation, and consumer protection while explicitly stating the "as is" nature of the sale. It includes detailed vehicle information, known defects, current condition, and clear disclaimers of warranties, making it suitable for both private and commercial vehicle sales in Nigeria. The document helps prevent future disputes by clearly documenting the agreement terms and the buyer's acknowledgment of the vehicle's condition at the time of sale.

What sections should be included in a Car Sold As Is Contract?

1. Parties: Identification of the seller and buyer with full legal names and addresses

2. Background: Brief context of the sale and confirmation that both parties are entering into the agreement willingly

3. Definitions: Key terms used in the agreement including 'As Is', 'Vehicle', 'Purchase Price', and other relevant definitions

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, mileage, and registration number

5. As Is Condition and Disclaimer: Clear statement that the vehicle is sold 'as is' with no warranties or guarantees, express or implied

6. Purchase Price and Payment: Agreement on purchase price, payment method, and payment schedule if applicable

7. Transfer of Title and Ownership: Process and responsibilities for transferring vehicle ownership and registration

8. Seller's Representations: Basic representations about vehicle ownership and authority to sell

9. Buyer's Acknowledgments: Buyer's confirmation of understanding the 'as is' nature and inspection opportunity

10. Risk and Insurance: Transfer of risk and insurance responsibilities

11. Governing Law: Specification that Nigerian law governs the agreement

12. Execution: Signature blocks and execution requirements

What sections are optional to include in a Car Sold As Is Contract?

1. Inspection Report: Section detailing results of any pre-purchase inspection, recommended when buyer has conducted professional inspection

2. Payment Plan: Detailed payment schedule and terms, required only if payment is not made in full at time of sale

3. Outstanding Liens: Declaration of any existing liens or encumbrances, needed only if applicable

4. Arbitration: Alternative dispute resolution procedures, optional but recommended for higher-value vehicles

5. Post-Sale Services: Any agreed assistance with registration or documentation, optional based on seller's willingness

6. Trade-In Details: Required only if part of purchase price is paid through vehicle trade-in

What schedules should be included in a Car Sold As Is Contract?

1. Schedule A - Vehicle Condition Report: Detailed description of vehicle condition, including known defects and issues

2. Schedule B - Vehicle Documents: List of all documents provided with the vehicle (registration, maintenance records, etc.)

3. Schedule C - Known Defects: Comprehensive list of known mechanical issues or defects

4. Schedule D - Recent Repairs: List of recent repairs or maintenance work performed on the vehicle

5. Appendix 1 - Photographs: Dated photographs of the vehicle showing its condition at time of sale

6. Appendix 2 - Vehicle History: Available vehicle history information and maintenance records

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

Nigeria

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions
Relevant Industries

Automotive

Transportation

Fleet Management

Car Dealership

Vehicle Leasing

Insurance

Legal Services

Corporate Services

Private Transportation

Relevant Teams

Legal

Compliance

Operations

Fleet Management

Sales

Procurement

Risk Management

Administrative Services

Asset Management

Contract Administration

Relevant Roles

Fleet Manager

Car Sales Manager

Automotive Sales Representative

Legal Counsel

Compliance Officer

Corporate Transportation Manager

Vehicle Administration Officer

Business Owner

Operations Manager

Procurement Manager

Risk Manager

Contract Administrator

Administrative Officer

Vehicle Assets Manager

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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