Contract To Sell A Vehicle Template for Singapore

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Key Requirements PROMPT example:

Contract To Sell A Vehicle

"I need a Contract To Sell A Vehicle for my Toyota Camry to a private buyer, including provisions for a three-month warranty and partial payment plan, with completion scheduled for March 2025."

What is a Contract To Sell A Vehicle?

The Contract To Sell A Vehicle is a crucial document used in Singapore when transferring vehicle ownership. It ensures compliance with Singapore's strict vehicle ownership regulations, including COE requirements and LTA guidelines. This document is essential for both private and commercial vehicle sales, protecting both buyer and seller by clearly stating the terms of sale, vehicle condition, warranties, and transfer procedures. It includes all necessary provisions required by Singapore law and helps prevent future disputes by documenting all aspects of the transaction.

What sections should be included in a Contract To Sell A Vehicle?

1. Parties: Details of seller and buyer including full names, identification numbers, and addresses

2. Background: Context of the sale and basic transaction details including purpose of agreement

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

4. Vehicle Details: Complete specification of the vehicle including make, model, registration number, chassis number, engine number, year of manufacture, and mileage

5. Purchase Price: Amount and payment terms including deposit, balance payment, and payment method

6. Transfer of Ownership: Process and obligations for ownership transfer including LTA requirements and documentation

7. Warranties: Seller's warranties about vehicle condition, ownership, encumbrances, and roadworthiness

8. Completion: Completion procedures including timing, location, and required documentation

What sections are optional to include in a Contract To Sell A Vehicle?

1. COE Transfer: Terms and conditions for Certificate of Entitlement transfer including remaining period and value

2. Financing: Terms of any financing arrangement including loan details and payment schedule

3. Inspection: Pre-sale inspection requirements and outcomes including agreed repairs if any

4. Trade-in: Details of trade-in vehicle including specifications and agreed value

What schedules should be included in a Contract To Sell A Vehicle?

1. Schedule 1 - Vehicle Condition Report: Detailed report of vehicle condition including photographs and inspection findings

2. Schedule 2 - Service History: Vehicle maintenance records and service history documentation

3. Schedule 3 - Registration Documents: Copies of vehicle registration documents and COE details

4. Schedule 4 - Insurance Documents: Current insurance details and coverage information

5. Schedule 5 - Payment Schedule: Detailed payment schedule if payment is to be made in installments

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Automotive
Transportation
Insurance
Finance

Relevant Teams

Sales
Finance
Legal
Operations
Compliance

Relevant Roles

Fleet Manager
Sales Manager
Compliance Officer
Finance Manager
Operations Director

Find the exact document you need

Waiver Agreement Of Purchase And Sale

A Singapore-governed legal document that releases parties from specific obligations or conditions in an original purchase and sale agreement.

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Let's create your Contract To Sell A Vehicle

What is a Contract To Sell A Vehicle?

What sections should be included in a Contract To Sell A Vehicle?

What sections are optional to include in a Contract To Sell A Vehicle?

What schedules should be included in a Contract To Sell A Vehicle?

Authors

Alex Denne

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