A Letter Of Intent To Purchase Vehicle is a crucial preliminary document used in the Philippine vehicle acquisition process, serving as a formal expression of interest between potential buyers and sellers. This document is typically employed before entering into a final purchase agreement, particularly when dealing with high-value vehicles or complex commercial transactions. It outlines key aspects such as vehicle details, proposed purchase price, and basic conditions, all while adhering to Philippine legal frameworks including the Civil Code and Consumer Protection laws. While not legally binding for the final purchase, it helps establish clear communication between parties and can be particularly important for corporate transactions, fleet purchases, or situations requiring financing approval. The document's format and content are influenced by Philippine commercial practices and regulatory requirements, making it an essential tool in the vehicle acquisition process.

1. Date and Address Block: Current date and complete contact details of both the intended buyer and seller

2. Subject Line: Clear indication that this is a Letter of Intent to Purchase Vehicle

3. Opening Statement: Formal introduction and declaration of intent to purchase the specified vehicle

4. Vehicle Details: Complete description of the vehicle including make, model, year, color, VIN/chassis number, plate number, and current mileage

5. Purchase Price: Proposed purchase price in both numbers and words, and currency

6. Payment Terms: Intended payment method and timing of payment

7. Proposed Timeline: Expected timeframe for completing the transaction

8. Basic Conditions: Essential conditions that must be met before proceeding with the purchase

9. Closing Statement: Statement of non-binding nature of the letter and invitation to proceed with formal agreement

10. Signature Block: Space for signatures of both parties with complete names and dates