Legal Templates
Car Assignment Agreement

Car Assignment Agreement Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Car Assignment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Car Assignment Agreement

"I need a Car Assignment Agreement to transfer ownership of my Toyota Camry to my company in Singapore, with specific provisions for handling the outstanding hire-purchase loan and insurance transfer, to be completed by March 2025."

Celebrated by
Collaborations with
Investors

What is a Car Assignment Agreement?

The Car Assignment Agreement is essential for documenting vehicle ownership transfers in Singapore's highly regulated automotive market. It ensures compliance with Singapore's stringent vehicle ownership and transfer regulations, including LTA requirements and COE considerations. This agreement is particularly important given Singapore's unique vehicle quota system and strict documentation requirements. The document covers critical aspects such as vehicle details, payment terms, warranties, and transfer procedures, while addressing specific local requirements such as road tax, insurance, and outstanding loans. It provides legal protection for both parties and ensures a clear record of the transfer transaction.

What sections should be included in a Car Assignment Agreement?

1. Parties: Identifies and defines the assignor and assignee

2. Background: Explains context and purpose of the assignment

3. Definitions: Defines key terms used in the agreement

4. Vehicle Details: Comprehensive description of the vehicle being assigned

5. Consideration: Details of payment or other consideration for the assignment

6. Transfer of Ownership: Terms governing the transfer of vehicle ownership

7. Representations and Warranties: Statements about vehicle condition and ownership status

8. Completion: Process and requirements for completing the transfer

What sections are optional to include in a Car Assignment Agreement?

1. Hire-Purchase Details: Required if vehicle is under hire-purchase agreement. Include when vehicle has outstanding loan/financing

2. COE Transfer: Terms for transfer of Certificate of Entitlement. Include when COE is being transferred with vehicle

3. Insurance Arrangements: Details of insurance transfer or new requirements. Include when insurance matters need to be addressed

4. Condition Report: Detailed report of vehicle condition. Include when specific condition details need to be documented

What schedules should be included in a Car Assignment Agreement?

1. Vehicle Registration Documents: Copies of registration card and related documents

2. Vehicle Inspection Report: Recent inspection report if applicable

3. Insurance Certificates: Copies of relevant insurance documentation

4. Payment Schedule: If payment is to be made in installments

5. Vehicle Photographs: Documentary evidence of vehicle condition

6. Service History: Maintenance and service records

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Assignor
Assignee
Vehicle
Assignment Date
Completion Date
Consideration
Certificate of Entitlement
COE
Registration Number
Vehicle Registration Card
Outstanding Liabilities
Encumbrances
Road Tax
Transfer Documents
Vehicle Documents
Insurance Policy
Hire-Purchase Agreement
LTA
Business Day
Effective Date
Purchase Price
Registration Fee
Warranties
Vehicle Identification Number
VIN
Service Records
Condition Report
Completion Requirements
Transfer Requirements
Stamp Duty
Governing Law
Relevant Authority
Industries

Road Traffic Act (Chapter 276): Primary legislation governing vehicle registration, transfer of ownership, road worthiness requirements, and vehicle licensing provisions in Singapore

Hire-Purchase Act (Chapter 125): Regulates hire-purchase agreements, including provisions for vehicle ownership transfer, financing company consent requirements, and outstanding loan settlements

Sale of Goods Act (Chapter 393): Covers transfer of title, implied conditions and warranties, and rights and obligations of parties in goods transactions including vehicles

Common Law Contract Principles: Fundamental contract law principles including contract formation, consideration, terms and conditions, breach and remedies

Motor Vehicles (Third-Party Risks and Compensation) Act: Governs insurance requirements and third-party liability coverage for motor vehicles

Land Transport Authority (LTA) Regulations: Administrative regulations covering vehicle transfer procedures, registration fees, vehicle quota requirements, and COE transfer rules

Personal Data Protection Act 2012: Legislation governing the handling of personal information and consent requirements for data collection and usage

Stamp Duties Act: Regulations regarding applicable stamp duties for vehicle transfer and related payment obligations

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

Find the exact document you need

Assignment Of Lease To New Owner

A Singapore-law governed agreement transferring lease rights from an existing tenant to a new owner, ensuring compliance with local property laws and regulations.

find out more

Assignment Of Lease By Lessor

A Singapore law-governed document that transfers a lessor's rights and obligations under an existing lease to a new lessor.

find out more

Assignment Of Lease By Landlord

A Singapore law-governed agreement transferring a landlord's lease rights and obligations to a new landlord.

find out more

Assignment Of Patent Rights Agreement

A Singapore law-governed agreement transferring patent ownership rights from one party to another, compliant with IPOS requirements.

find out more

Assignment Of Lease From Seller To Buyer

A Singapore law-governed document transferring lease rights from seller to buyer, subject to local property regulations.

find out more

Assignment Employment Contract

A Singapore-compliant contract governing temporary employee assignments to different roles or locations within an organization.

find out more

Assignment Agreement Intellectual Property

A Singapore law-governed agreement transferring ownership of intellectual property rights from one party to another.

find out more

Assignment Of Employment Agreement

A Singapore law-governed agreement transferring employment rights and obligations between employers while maintaining employee protections.

find out more

Intellectual Property Assignment Agreement

A Singapore law-governed agreement facilitating the transfer of intellectual property rights between parties.

find out more

Employee Intellectual Property Assignment Agreement

A Singapore-law governed agreement assigning employee-created intellectual property rights to the employer.

find out more

Copyright Assignment Agreement

A Singapore law-governed agreement that transfers copyright ownership from one party to another, ensuring legal compliance with the Copyright Act 2021.

find out more

Assignment Contract

A Singapore-law governed contract that transfers rights, property, or obligations from an assignor to an assignee.

find out more

Employee IP Assignment Agreement

A Singapore-law agreement transferring employee-created intellectual property rights to the employer.

find out more

Car Assignment Agreement

A legal document for transferring vehicle ownership between parties in Singapore, complying with local transportation and regulatory requirements.

find out more

Vehicle Assignment Agreement

A Singapore-compliant agreement for transferring vehicle ownership and rights between parties.

find out more

Transfer Of Lease Agreement To New Landlord

A Singapore-compliant agreement transferring landlord rights and obligations under an existing lease to a new landlord.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.