Car Sale Agreement Template for Pakistan

A Car Sale Agreement is a legally binding contract that details the terms and conditions when buying or selling a vehicle in Pakistan. It captures essential information like the car's make, model, registration number, sale price, and the complete details of both buyer and seller.

Under Pakistani law, this written agreement helps prevent fraud and disputes by documenting the vehicle's transfer of ownership. It includes important clauses about the car's condition, payment method, and handover date. The agreement must be signed by both parties, typically on stamp paper, and should be registered with local transport authorities to make the sale official.

Use a Car Sale Agreement every time you buy or sell a vehicle in Pakistan, even when dealing with trusted friends or family members. This document becomes essential during private sales, dealer transactions, or when transferring ownership of imported vehicles through customs clearance.

Having this agreement in place protects both parties during inspections by traffic police and prevents future ownership disputes. It's particularly important when buying used cars, as it documents the vehicle's condition and any existing issues. The agreement also helps during insurance claims, tax filing, and if you need to prove ownership while applying for bank loans or leasing arrangements.

• Used Car Sales Agreement: Standard format for pre-owned vehicles, including detailed condition reports and maintenance history
• Car Buying Contract: Comprehensive agreement for new car purchases, focusing on warranty terms and dealer obligations
• Vehicle Sale Contract With Payments: Specialized version for installment-based purchases, including payment schedules and interest terms
• Old Car Sale Agreement: Modified template for vehicles over 5 years old, with expanded sections on existing defects
• Second Hand Car Sale Contract: Simplified format for private party sales, emphasizing 'as-is' conditions

• Private Sellers: Individual car owners selling their vehicles, responsible for providing accurate vehicle information and maintenance history
• Car Dealerships: New and used car businesses that regularly prepare and execute these agreements for their inventory sales
• Banks/Financiers: Financial institutions that review Car Sale Agreements when processing auto loans or leasing arrangements
• Transport Authorities: Government officials who verify and register these agreements for ownership transfer and taxation purposes
• Legal Professionals: Lawyers who draft, review, or modify agreements to ensure compliance with Pakistani vehicle transfer laws
• Insurance Companies: Providers who reference these agreements when processing claims or issuing new policies

• Vehicle Details: Gather complete information including make, model, year, registration number, chassis number, and engine number
• Ownership History: Collect previous registration papers, maintenance records, and transfer documents
• Party Information: Note complete names, CNIC numbers, addresses, and contact details of buyer and seller
• Payment Terms: Document the agreed price, payment method, and schedule if installments are involved
• Vehicle Condition: List existing damages, modifications, or repairs needed
• Legal Requirements: Prepare stamp paper of appropriate value and arrange for two witnesses
• Documentation: Take clear photos of the vehicle and gather insurance papers if applicable

• Identification Details: Full names, CNIC numbers, and addresses of buyer and seller, plus vehicle specifications
• Sale Price Declaration: Exact amount, payment method, and terms clearly stated to comply with tax regulations
• Vehicle Description: Complete details including registration number, engine/chassis numbers, and current condition
• Transfer Terms: Clear statement of ownership transfer and delivery arrangements
• Warranties: Seller's declarations about vehicle condition and existing liabilities
• Legal Compliance: Reference to Motor Vehicles Ordinance and local transport authority requirements
• Signature Block: Space for both parties and two witnesses, with CNIC numbers
• Stamp Duty: Appropriate stamp paper value as per provincial requirements

While a Car Sale Agreement and a Vehicle Sale Agreement might seem identical, there are important differences in their scope and application in Pakistan's legal framework. A Car Sale Agreement is specifically designed for passenger vehicles, while a Vehicle Sale Agreement covers a broader range of motorized transport, including commercial vehicles, motorcycles, and specialized equipment.

• Documentation Requirements: Car Sale Agreements require specific details like chassis number and engine specifications, while Vehicle Sale Agreements may need additional permits for commercial vehicles
• Legal Compliance: Car Sale Agreements follow passenger vehicle regulations under the Motor Vehicle Ordinance, while Vehicle Sale Agreements may involve commercial transport laws and permits
• Transfer Process: Car transfers typically involve simpler procedures at local excise offices, while other vehicles might require additional clearances from transport authorities
• Insurance Considerations: Car agreements focus on personal auto insurance, while vehicle agreements often need comprehensive commercial coverage details