Used Car Sale Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Used Car Sale Contract

"I need a Used Car Sale Contract for selling my 2020 Toyota Camry to a private buyer in Riyadh, with payment to be made in three installments by March 2025, including a one-week inspection period and comprehensive warranty terms."

Document background
The Used Car Sale Contract is essential for documenting and legalizing the transfer of ownership of pre-owned vehicles in Saudi Arabia. This document is designed to comply with Saudi commercial law, traffic regulations, and Sharia principles, making it suitable for use in both private sales and commercial dealership transactions. It includes mandatory disclosures about the vehicle's condition, comprehensive details about the parties involved, payment terms, and transfer procedures. The contract serves as a crucial legal instrument in protecting both buyers' and sellers' rights, ensuring transparency in the transaction, and facilitating proper registration with relevant Saudi authorities. It's particularly important given the significant used car market in Saudi Arabia and the need for clear documentation for vehicle ownership transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, national ID numbers, and contact details as required by Saudi law

2. Background: Brief context of the sale transaction and confirmation that the seller is the legal owner of the vehicle

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

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

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

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances

7. Vehicle Condition: Detailed description of the vehicle's current condition, including any known defects or damage

8. Transfer of Ownership: Process and obligations for legal transfer of vehicle ownership through proper authorities

9. Completion: Details of the handover process, including timing and location

10. Governing Law and Jurisdiction: Confirmation that Saudi Arabian law governs the agreement and jurisdiction for dispute resolution

Optional Sections

1. Inspection Period: Used when parties agree to a pre-purchase inspection period, specifying duration and conditions

2. Financing Terms: Include when the purchase involves financing arrangements or installment payments

3. Insurance and Risk: Required when there's a gap between payment and delivery, specifying responsibility for insurance and risk

4. Post-Sale Warranty: Include if the seller provides any additional warranty beyond the as-is condition

5. Trade-In Details: Used when the transaction includes a vehicle trade-in as part of the payment

6. Intermediary or Dealer Provisions: Include when the sale is conducted through a dealership or authorized intermediary

Suggested Schedules

1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report from an authorized center

2. Schedule 2 - Vehicle History Report: Documentation of vehicle's history including accidents, repairs, and maintenance

3. Schedule 3 - Payment Schedule: If payment is in installments, detailed breakdown of payment dates and amounts

4. Schedule 4 - Vehicle Registration Documents: Copies of current registration card and other official documentation

5. Schedule 5 - Handover Checklist: List of items to be handed over with the vehicle (spare keys, service books, etc.)

6. Schedule 6 - Photographs: Current dated photographs of the vehicle showing condition and any damage

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Consumer Services

Legal Services

Vehicle Inspection Services

Auto Finance

Professional Services

Relevant Teams

Legal

Sales

Compliance

Finance

Operations

Customer Service

Documentation

Risk Management

Administrative

Business Development

Relevant Roles

Sales Manager

Legal Counsel

Compliance Officer

Car Dealer

Automotive Sales Executive

Finance Manager

Insurance Agent

Vehicle Inspector

Documentation Specialist

Contract Administrator

Risk Manager

Business Development Manager

Operations Manager

Customer Service Representative

Administrative Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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