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How to Write a Car Purchase Agreement Payment information, including method, prices, and fees. Vehicle description and specifications (mileage, year, color, VIN, etc.) Terms and conditions. Buyer's representation, insurance, and tags. Full consent. Possible conditions of changes. State jurisdiction.
When buying a car at a dealer, you'll need to sign the car purchase agreement (or dealer bill of sale), the title, an odometer statement, and sometimes a damage disclosure statement. Be sure to get copies of these documents from the dealer, and don't sign anything you don't understand.
A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.
To make your contract valid, list the buyer and seller's names and addresses. Identify the car and include a description. Be sure to include the year, make and model of the car as well as the car's Vehicle Identification Number (VIN). Specify the sales amount, offer, and acceptance.
Once the funds have transferred, don't forget to hand over any paperwork, and draw up a receipt detailing the make, model, mileage and registration of the car, plus your name, the buyer's name, the agreed price and the date of the transaction.