Car Sale Contract Template for Saudi Arabia

The Car Sale Contract is a legally binding document used in Saudi Arabia for transferring vehicle ownership between parties. It is essential for both private and commercial vehicle sales, ensuring compliance with Saudi commercial law, traffic regulations, and Islamic Sharia principles. The document includes detailed vehicle specifications, seller warranties, buyer acknowledgments, and payment terms. It's particularly important as it serves as official documentation for vehicle registration authorities and can be used for various transaction types, from private individual sales to commercial fleet purchases. The contract addresses specific Saudi requirements such as vehicle registration procedures, transfer of ownership protocols, and necessary government documentation.

1. Parties: Identification of the seller and buyer with their full legal names, addresses, and official identification numbers

2. Background: Brief context of the sale transaction and confirmation that the seller owns the vehicle

3. Definitions: Key terms used in the contract including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

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

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable

6. Transfer of Ownership: Terms regarding the transfer of vehicle ownership and registration

7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Completion: Details of when and where the sale will be completed and vehicle handed over

10. Governing Law: Confirmation that Saudi law and Sharia principles govern the contract