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1. Parties: Identification of the seller and buyer with complete names, addresses, and government-issued ID details
2. Background: Brief context of the sale and confirmation that the seller owns the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, plate number, and mileage
5. Purchase Price and Payment Terms: Agreed purchase price, payment method, and schedule of payments if applicable
6. Seller's Representations and Warranties: Seller's declarations about vehicle ownership, condition, absence of liens, and legal right to sell
7. Transfer of Ownership: Process and timing of ownership transfer, including registration requirements and documentation
8. Completion Requirements: List of documents and actions required to complete the sale
9. Risk and Insurance: Point at which risk transfers to the buyer and insurance requirements
10. Governing Law: Confirmation that the agreement is governed by Philippine law
11. Signatures: Space for parties' signatures, dates, and witnesses
1. Conditional Sale Provisions: Used when the sale is subject to installment payments or specific conditions
2. Third-Party Interests: Required if there are existing liens or encumbrances that need to be cleared
3. Vehicle Collection: Include when specific arrangements for vehicle collection need to be documented
4. Post-Sale Obligations: Used when there are specific requirements after the sale, such as maintenance records transfer
5. Dispute Resolution: Optional detailed procedure for handling disputes, recommended for higher-value vehicles
6. Return Policy: Include if the seller is offering any return or exchange terms
7. Modifications Disclosure: Required if the vehicle has any non-standard modifications
1. Schedule 1: Vehicle Condition Report: Detailed assessment of the vehicle's condition, including photographs and noted defects
2. Schedule 2: Maintenance History: Record of vehicle maintenance, repairs, and service history
3. Schedule 3: Payment Schedule: If installment payments are agreed, detailed payment dates and amounts
4. Appendix A: Vehicle Documents: List of all documents provided with the vehicle (registration, insurance, etc.)
5. Appendix B: Inspection Certificates: Copies of recent vehicle inspection certificates or emissions testing results
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