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1. Date and Parties: Full legal names and contact details of both the potential buyer and seller
2. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN number, registration number, and current odometer reading
3. Purchase Price: Proposed purchase price and any conditions around the price (e.g., negotiation ranges, what the price includes)
4. Payment Terms: Proposed method of payment, deposit requirements, and timing of payments
5. Due Diligence: Statement of buyer's intention to conduct vehicle inspection and review documentation
6. Timeline: Proposed timeline for completing the purchase, including inspection period and expected completion date
7. Non-Binding Nature: Clear statement that this is a letter of intent and not a binding purchase agreement
8. Signature Block: Space for both parties to sign and date the letter
1. Conditional Terms: Used when the intent to purchase is subject to specific conditions such as financing approval or satisfactory mechanical inspection
2. Exclusivity Period: Include when requesting a period of exclusive negotiation rights
3. Confidentiality: Added when sensitive information will be exchanged during the due diligence process
4. Costs: Include when there's a need to specify who bears the costs of inspections, transfers, and related expenses
5. Current Encumbrances: Used when the vehicle has existing loans or financial interests that need to be addressed
6. Warranty Status: Include when dealing with vehicles under manufacturer warranty or when specific warranties will be transferred
1. Vehicle Inspection Report: Preliminary inspection findings or requirements for professional inspection
2. Vehicle Documentation: List of required documents such as service history, WOF certificates, and registration papers
3. Photos: Current photographs of the vehicle showing its condition
4. Price Comparison: Market analysis or comparable vehicle prices to support the proposed purchase price
Seller
Vehicle
Purchase Price
Deposit
Due Diligence Period
Completion Date
Business Day
Vehicle Documentation
WOF (Warrant of Fitness)
Registration Papers
Material Adverse Change
Encumbrance
Payment Terms
Inspection Period
Effective Date
Letter of Intent
Purchase Agreement
Vehicle Identification Number (VIN)
Certificate of Fitness (COF)
Conditions Precedent
Settlement Date
Warranty
Service History
Odometer Reading
Vehicle Description
Purchase Price
Payment Terms
Due Diligence
Conditions Precedent
Timeline
Vehicle Inspection
Documentation Requirements
Non-Binding Provisions
Binding Provisions
Confidentiality
Exclusivity
Costs and Expenses
Vehicle Condition
Representations and Warranties
Encumbrances
Transfer Process
Termination
Governing Law
Notices
Entire Understanding
Amendment
Assignment
Automotive
Transport and Logistics
Fleet Management
Car Dealership
Vehicle Leasing
Corporate Services
Private Transportation
Automotive Retail
Vehicle Import/Export
Commercial Transportation
Legal
Procurement
Operations
Fleet Management
Administration
Compliance
Finance
Corporate Services
Asset Management
Risk Management
Fleet Manager
Procurement Manager
Operations Director
Company Director
Vehicle Acquisition Specialist
Legal Counsel
Compliance Officer
Transport Manager
Business Owner
Administrative Officer
Purchasing Manager
Asset Manager
Vehicle Sales Manager
Dealership Manager
Corporate Services Manager
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