Car Sold As Is Contract Template for Saudi Arabia

The Car Sold As Is Contract is essential for documenting vehicle sales transactions in Saudi Arabia where the seller wishes to transfer ownership without providing warranties or guarantees beyond the minimum required by law. This document is commonly used in both private sales and commercial dealership transactions, particularly for used vehicles. The contract must comply with Saudi Arabian law, including Islamic Sharia principles, the Saudi Traffic Law, and Consumer Protection regulations. It includes critical information such as vehicle details, condition disclosure, price, payment terms, and transfer procedures. The 'as is' nature of the sale must be explicitly stated and acknowledged by both parties. This document is crucial for protecting both sellers and buyers by clearly establishing the terms of sale and preventing future disputes regarding vehicle condition or responsibilities.

1. Parties: Identifies the seller and buyer with their full legal names, addresses, and national ID/iqama numbers

2. Background: Brief context of the sale and acknowledgment that the vehicle is being sold 'as is'

3. Definitions: Defines key terms used in the contract including 'As Is', 'Vehicle', 'Purchase Price', and 'Effective Date'

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

5. Purchase Price and Payment: Specifies the agreed purchase price and payment terms

6. As Is Condition: Explicitly states that the vehicle is sold 'as is' with no warranties, and buyer's acknowledgment of the vehicle's current condition

7. Transfer of Ownership: Details the process and requirements for transferring vehicle ownership in accordance with Saudi regulations

8. Seller's Representations: Basic representations about vehicle ownership and authority to sell

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

10. Governing Law: Specifies that Saudi Arabian law governs the agreement

11. Execution: Signature blocks for both parties and witnesses as required under Saudi law