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Owner Finance Car Sale Contract

State:
Multi-State
Control #:
US-02681BG
Format:
Word; 
Rich Text
Instant download

Description Owner Finance Vehicle Contract

This agreement is between individuals and does not involve a dealer. Therefore, no disclosures normally required by the Federal Consumer Credit Protection Act are necessary.

Car sale agreement in Tamil, also known as "கார் விறKaraனை ஒப்பநிலை" (Kaar Viṟpaṇai Oppanilai), is a legally binding document that outlines the terms and conditions of a car sale transaction in the Tamil language. It serves as proof of the agreement between the buyer and the seller and protects the rights and responsibilities of both parties. In Tamil Nadu, there are different types of car sale agreements that cater to various situations. Here are some common types: 1. தந்தையார்வது கார் விற்பனCarப்பநிலை (Tandaiyārvatu Kār Vilieaṇai Oppan—lai) - This type of agreement is used when the car is sold by the owner or titleholder of the vehicle. It includes details such as the car's registration number, make, model, year, odometer reading, and condition. 2. அதிவார காரAdharaற்பனை ஒப்பநிலை (Adhivara Kār Viṟpa—ai Oppanilai) - An adhivara agreement is used when the car is sold through a dealership or car agency. It includes additional clauses related to warranties, service history, and any dealership-specific requirements. 3. வட்டிக்கும் துணைமுனைக்கும் மட்டுமே உரிமை விவராமாபமMaturerekkum Tunaimuṉaikku Mattumē Urimai Vivarāmā—am) - In some cases, the agreement may be limited only to the documentation required for vehicle registration and transfer of ownership. This type of agreement is used when the sale is between close family members or acquaintances. 4. பொட்டை வPottiesபனை ஒப்பநிலை (Pottai —iṟpaṇai Oppanilai) - A pottai agreement is used for selling a car on installments or with a loan. It includes terms related to payment schedules, interest rates, and consequences for defaulting on payments. It is important to note that irrespective of the type of agreement, it should typically include the following key elements: 1. Buyer and seller details — Names, addresses, contact information. 2. Vehicle details — Make, model, year, registration number, chassis number, engine number, mileage. 3. Sale terms — Purchase price, payment method, installment details (if applicable), date of sale. 4. Vehicle condition — Mention any existing damages, repairs, or modifications. 5. Representations and warranties — Claims made by the seller about the vehicle's condition and legal status. 6. Indemnity clause — Protection for both parties against any legal claims arising from the sale. 7. Governing law — Specifies laws under which any disputes will be resolved. 8. Signatures — The agreement should be signed by both the buyer and the seller, along with the date of signing. It is recommended to consult a legal professional or use a pre-drafted template while creating a car sale agreement in Tamil to ensure that all necessary provisions and local regulations are adequately addressed.

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Owner Finance Car Sale Contract