Take care of your carpets When thinking about how to prepare your car for winter, it is worth finding out…
How to prepare a car purchase and sale agreement?
(photo Moje Auto)
When buying and selling a car, the temptation to save as much as possible is sometimes very great. Unfortunately, it is the buyer who risks the most. How you draw up the contract depends primarily on you. Not always both parties decide to draw up a contract. It is often oral, but it is worth taking care to create an appropriate document. It must contain appropriate elements, be legible and, of course, honest. What should a car purchase and sale agreement look like? What to look for? We give you a hint!
- Car purchase and sale agreement - oral or written?
- What must a car purchase and sale agreement contain?
- Vehicle technical inspection
- Car purchase and sale agreement with a co-owner
- What must a car sale agreement include in the case of co-owners?
- A simple car purchase and sale agreement
Car purchase and sale agreement - oral or written?
The Civil Code does not state directly what it should be car sales and purchase agreement. Therefore, there is no requirement that it must be in writing. However, it is good to have such a document. It may turn out that it will be necessary to submit it to the tax office or the communications department. Written car sales and purchase agreement it is also necessary in the case of entrepreneurs. It constitutes an accounting document. Purchasing a vehicle means transferring its ownership to the buyer. The seller is obliged to deliver the car to the buyer, and the buyer is obliged to pay the appropriate fee.
Car sales and purchase agreement it is also security for the buyer. It happens that the seller conceals defects or the true meter reading during the sale. The law states that in such a situation, he has the right to demand coverage of losses.
What must a car purchase and sale agreement contain?
Car sales and purchase agreement it must be in an appropriate form and contain all necessary data. It must be prepared in two copies - for the seller and the buyer. They must be signed by both parties. What data does it contain when prepared correctly? car sales and purchase agreement?
- Data of natural persons: name and surname, PESEL number, ID card or passport number, registered or residential address,
- Data of persons running a business: name and surname, PESEL number, ID card or passport number, registered or residential address, information about running a business (company name and address), entry number in the Central Information on Business or other register,
- Transaction settlement form and transaction amount,
- Vehicle data: make, model, year of production, registration number, VIN number, current odometer reading,
- Date and place of conclusion of the contract,
- Signatures of both parties.
(photo: My Car)
Vehicle technical inspection
Car sales and purchase agreement this is not the only important aspect of the transaction. In most cases, a technical inspection of the vehicle is carried out before purchase/sale. The costs are covered by both parties or one, depending on the arrangements. The buyer should check the VIN number at this time. Where to find the VIN number? It is located on the nameplate and in the registration certificate. The number must be the same in both places.
The seller is also obliged to provide the buyer with a set of documents. These are: registration certificate, vehicle card and proof of third party liability insurance together with confirmation of its payment.
Car purchase and sale agreement with a co-owner
However, a car can have two owners. Is this the case car sales and purchase agreement it looks different? Is it necessary to complete additional formalities? First of all, all owners must agree to sell the vehicle. The contract must include their signatures and details. Otherwise car sale contract it is only evidence of the sale of a share in co-ownership. We transfer the payment to one co-owner or both in equal shares. This depends on the arrangements.
What must a car sale agreement include in the case of co-owners?
We already know that preparing an appropriate contract is important. What does it look like? car purchase and sale agreement (co-owner)?
- Details of the buyer and all co-owners: names and surnames, PESEL numbers, ID card or passport numbers, registered or residential addresses. In the case of people running a business, also information about running a business, entry number in the Central Information on Business
- Vehicle data: make, model, year of production, registration number, VIN number, current odometer reading
- Transaction settlement form and transaction amount
- Date and place of conclusion of the contract
- Signatures of both parties, including all co-owners
Car purchase and sale agreement with co-owners does not differ in form from an agreement concluded with one owner. In both the first and second cases, it may contain additional information. They concern the technical condition of the vehicle, the place of transfer of the car, information on possible advance payments, the gift of transfer of the vehicle and additional elements that are included in the vehicle being sold, e.g. a set of winter tires.
A simple contract for the sale of a car
Contract templates are available on the Internet and everyone has easy access to them. You can also decide to prepare it yourself. To do this, use our tips above. A simple car purchase and sale agreement contains only the most important information - details of the seller, buyer and vehicle. Even prepared in this form, it is protection, especially for the buyer.
Liability for hidden defects rests with the seller. However, if they occur, the buyer is obliged to report them no later than one month after their detection. According to the Civil Code, the warranty covers one year from the date of conclusion car purchase and sale agreements. In such circumstances, the buyer may demand a refund of part of the repair costs or a reduction in the price. There is no obligation to include warranty information in the contract. However, many sellers want to protect themselves against possible rights claims. According to the regulations, it is possible to partially exclude the warranty. However, this does not exclude the seller's liability for specially hidden defects.
Summary
What to check before signing car purchase and sale agreement?
- The vehicle purchase amount is the same as what you pay
- Your personal data, whether there are any errors in them
- All provisions in the contract, including the "fine print"
- Documents confirming the characteristics of the car and its technical condition
- Any provisions on possible limitation of the seller's liability for vehicle defects
- Compliance of the VIN number in the registration certificate and on the rating plate
The car purchase and sale agreement is a form of security primarily for the buyer. In many cases it is necessary. In others, it can protect you from possible losses of money.
See also:
