Purchase Agreement Car Dealership for Singapore

Purchase Agreement Car Dealership Template for Singapore

A Purchase Agreement Car Dealership document is a legally binding contract used in Singapore for the sale and purchase of vehicles between dealerships and buyers. It complies with Singapore's Sale of Goods Act, Consumer Protection (Fair Trading) Act, and Land Transport Authority regulations. The agreement covers vehicle specifications, payment terms, warranties, and transfer of ownership, while incorporating specific Singapore requirements such as COE details and emissions standards.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Purchase Agreement Car Dealership

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Purchase Agreement Car Dealership?

The Purchase Agreement Car Dealership is essential for documenting vehicle sales transactions in Singapore's regulated automotive market. This agreement is used when a dealership sells a new or used vehicle to a purchaser, ensuring compliance with Singapore's strict vehicle ownership and registration requirements. The document includes crucial details about the vehicle, COE, pricing, warranties, and ownership transfer process, while adhering to local consumer protection laws and LTA regulations. It serves as the primary record of the transaction and outlines all parties' rights and obligations.

What sections should be included in a Purchase Agreement Car Dealership?

1. Parties: Identification of dealer and purchaser with full legal names and addresses

2. Background: Context of the transaction and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement including vehicle specifications, payment terms, etc.

4. Vehicle Description: Detailed specifications of the vehicle including make, model, year, VIN, color, and features

5. Purchase Price and Payment Terms: Total price, deposit requirements, payment schedule, and method of payment

6. Delivery Terms: Timeline and conditions for vehicle delivery

7. Warranties and Representations: Standard warranties and dealer representations about vehicle condition

8. Transfer of Title: Process and conditions for transferring vehicle ownership

What sections are optional to include in a Purchase Agreement Car Dealership?

1. Trade-In Terms: Details of any trade-in vehicle arrangement when purchaser is trading in an existing vehicle

2. Financing Terms: Details of financing arrangement when purchaser is using dealer financing

3. Extended Warranty: Terms of any extended warranty coverage when additional warranty is being purchased

4. Additional Services: Details of additional services such as maintenance packages when extra services are being purchased

What schedules should be included in a Purchase Agreement Car Dealership?

1. Vehicle Specification Sheet: Detailed technical specifications of the vehicle

2. Warranty Documentation: Manufacturer's warranty terms and conditions

3. Vehicle Inspection Report: Pre-delivery inspection report and condition assessment

4. LTA Documentation: Relevant LTA forms and certificates

5. Payment Schedule: Detailed breakdown of payment terms if installment payment is arranged

6. Trade-In Valuation Report: Assessment report for trade-in vehicle if applicable

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

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions
Industries

Sale of Goods Act (SOGA): Primary legislation governing the sale and purchase of goods in Singapore, including vehicles. Covers fundamental aspects of sales contracts, transfer of property, and implied conditions.

Consumer Protection (Fair Trading) Act (CPFTA): Key legislation protecting consumer rights in Singapore, including Lemon Law provisions specifically relevant for vehicle purchases and defect remedies.

Motor Vehicles (Third-Party Risks and Compensation) Act: Regulates mandatory insurance requirements and third-party liability coverage for motor vehicles in Singapore.

Road Traffic Act: Primary legislation governing road traffic matters, vehicle registration, and licensing requirements in Singapore.

Land Transport Authority (LTA) Regulations: Comprehensive regulations governing vehicle registration, modifications, technical requirements, and road worthiness standards.

Vehicle Quota System (VQS) and COE Requirements: Specific regulations regarding Certificate of Entitlement (COE) requirements and vehicle quota controls in Singapore.

Hire Purchase Act: Governs vehicle financing arrangements through hire purchase agreements, including mandatory terms and consumer protections.

GST Act: Governs the application and calculation of Goods and Services Tax on vehicle purchases and related services.

Environmental Protection and Management Act: Environmental regulations affecting vehicle standards, including emissions controls and environmental protection requirements.

Vehicle Emissions Scheme (VES): Specific framework for vehicle emissions standards and related rebates or surcharges based on environmental impact.

Registration of Businesses Act: Regulates business registration requirements for car dealerships operating in Singapore.

Companies Act: Governs corporate obligations and responsibilities of car dealerships operating as registered companies.

Singapore Code of Practice for Retail Motor Industry (SCOP): Industry-specific guidelines and standards for motor vehicle retailers and dealerships in Singapore.

Unfair Contract Terms Act: Regulates the validity and enforcement of unfair terms in consumer contracts, including vehicle purchase agreements.

Monetary Authority of Singapore (MAS) Regulations: Financial regulations affecting vehicle financing, loans, and payment terms in vehicle purchase transactions.

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

Vehicle Hire Purchase Agreement

A Singapore-law governed agreement for purchasing vehicles through installment payments, regulated by the Hire-Purchase Act.

find out more

Website Purchase Agreement

A Singapore law-governed agreement for the purchase and transfer of website ownership and associated digital assets.

find out more

Standby Bond Purchase Agreement

A Singapore law-governed agreement where a financial institution commits to purchase bonds under specified circumstances, providing liquidity support for variable rate securities.

find out more

Simple Home Purchase Agreement

A legally binding agreement for residential property sale and purchase in Singapore, conforming to local property laws and regulations.

find out more

Personal Property Addendum

A Singapore-compliant legal document that supplements existing agreements with specific terms regarding personal property items.

find out more

Parties In A Hire Purchase Agreement

A Singapore-law governed agreement enabling purchase of goods through installment payments while allowing immediate possession and use.

find out more

Option To Buy Agreement

A Singapore-compliant agreement granting the right to purchase specific assets or property at predetermined terms within a specified period.

find out more

Online Shopping Agreement

A Singapore law-governed agreement setting out terms and conditions for online shopping transactions between retailers and customers.

find out more

Model Asset Purchase Agreement

A Singapore law-governed agreement template for the purchase and sale of business assets, ensuring compliant asset transfer under local regulations.

find out more

Lease With Option To Purchase Agreement

A Singapore-governed agreement combining property lease terms with an exclusive option for the tenant to purchase the property at a preset price and timeframe.

find out more

Lease Agreement With Option To Purchase

A Singapore legal agreement combining property lease terms with a purchase option for the tenant.

find out more

Contingent Purchase Agreement

A Singapore law-governed agreement for a purchase transaction that only proceeds when specified conditions are met.

find out more

Auto Purchase And Sale Agreement

A Singapore-law governed agreement for the sale and purchase of motor vehicles, compliant with LTA regulations and local vehicle ownership requirements.

find out more

Artwork Purchase Agreement

A Singapore law-governed agreement for the purchase and sale of artwork, covering ownership transfer, authenticity, and delivery terms.

find out more

Agreement To Sell And Agreement For Sale

A Singapore-compliant legal document combining an agreement to sell and agreement for sale, outlining terms for property or goods transfer.

find out more

Agreement For Sale Of Flat

A Singapore-compliant legal agreement governing the sale and purchase of a residential flat.

find out more

Agreement For Advance Payment For Purchase Of Goods

A Singapore-law governed agreement setting out terms for advance payment in goods procurement, including payment terms and delivery conditions.

find out more

Advance Agreement For Land Purchase

A Singapore-compliant agreement setting out terms for a future land purchase, including price, conditions, and transfer requirements.

find out more

Purchase Agreement Extension

A Singapore law-governed document extending an existing purchase agreement's duration and terms.

find out more

Partnership Purchase Agreement

A Singapore law-governed agreement for the purchase and sale of partnership interests, ensuring compliant transfer of ownership under local regulations.

find out more

Owner To Owner House Sale Contract

A Singapore-compliant contract for direct property sale between private owners, detailing terms of sale and transfer requirements.

find out more

Letter Of Sales Agreement

A formal sales agreement document under Singapore law that outlines terms and conditions for the sale of goods or services.

find out more

Lease With Option To Buy Commercial Property

A Singapore-governed agreement combining commercial property lease terms with a future purchase option.

find out more

Lease Contract Buy Out Agreement

A Singapore-law governed agreement that documents the terms and conditions for early termination of a lease between landlord and tenant.

find out more

Cross Purchase Agreement

A Singapore-law governed agreement between shareholders establishing mechanisms for the purchase and sale of shares upon specified triggering events.

find out more

Buy Tenancy Agreement

A legally binding rental contract under Singapore law that establishes terms and conditions for property tenancy.

find out more

Motorcycle Hire Purchase Agreement

A Singapore-law governed agreement enabling the purchase of motorcycles through structured installment payments, regulated under the Hire-Purchase Act.

find out more

Software Source Code Purchase Agreement

A Singapore law-governed agreement for the purchase and transfer of software source code, including IP rights and technical specifications.

find out more

Residential Resale Condominium Property Purchase Contract

A Singapore law-governed contract for the purchase and sale of a resale condominium unit, incorporating all necessary legal requirements and protections.

find out more

Agreement For Sale And Purchase With Plan

A Singapore-governed agreement for the sale and purchase of property based on development plans, typically used for off-plan properties.

find out more

Receivable Purchase Agreement

A Singapore law-governed agreement for the sale and transfer of receivables between parties, subject to local financial regulations and commercial laws.

find out more

Real Property Purchase Agreement

A legally binding agreement for the sale and purchase of real property in Singapore, conforming to local property laws and regulations.

find out more

Letter Of Intent For Purchase Order

A preliminary document under Singapore law expressing intent to purchase goods or services, outlining key commercial terms while allowing flexibility for final negotiations.

find out more

Lot Purchase Agreement

A legal agreement under Singapore law for the purchase and sale of land lots, establishing terms and conditions for the transaction.

find out more

Flat Purchase Agreement

A legally binding agreement for the sale and purchase of residential property in Singapore, compliant with local housing laws and regulations.

find out more

Contract Agreement Between Supplier And Purchaser

A Singapore-law governed agreement establishing terms between supplier and purchaser for goods or services delivery.

find out more

Non Binding Purchase Agreement

A non-binding document under Singapore law that outlines proposed terms for a potential purchase transaction without creating legal obligations.

find out more

Lease With Option To Purchase

A Singapore-governed agreement combining property lease terms with a future purchase option, compliant with local property laws.

find out more

Commercial Offer To Purchase

A formal purchase offer document under Singapore law that outlines terms and conditions for acquiring commercial assets or property.

find out more

Short Form Stock Purchase Agreement

A simplified agreement for share transfers under Singapore law, outlining basic terms for buying and selling company stock.

find out more
See more related templates

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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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

2 Docs LeftAccess Now