Vehicle Sales Agreement with eStamp in Kerala

The Vehicle Sale Agreement is a legal document that outlines the terms and conditions agreed upon between a dealer and a buyer. This agreement can be used by either the buyer or seller to facilitate the purchase or sale of any vehicle type, such as a car, bicycle, bus, truck, and more.

 This document is suitable for both individual sellers and buyers, as well as businesses, including car dealerships.

 A Vehicle Sale Agreement helps prevent future disputes by clearly stating essential details about the vehicle and the conditions of the sale.

It’s important to note that a Vehicle Sale Agreement is distinct from a Sales Bill. While the Sales Bill is issued during the actual delivery of the vehicle, the Vehicle Sale Agreement is prepared and agreed upon beforehand to establish the terms of the sale.

 How to Use This Document?

 This agreement is suitable for either a dealer looking to sell a car or a buyer planning to purchase one. It includes key information about both parties—the buyer and the seller—to ensure clarity. Important details about the car can be specified in the document, helping to prevent any potential misunderstandings or conflicts in the future.

 This agreement includes the following key sections:

 Price and Payment Terms: Details the sale price, minimum payment requirements, and any commission applicable.

 Delivery Terms: Outlines delivery specifics, including the scheduled date, delivery location, and associated costs.

Vendor Declarations and Warranties: Covers assurances related to the vehicle’s odometer accuracy, service history, financing status, and more.

Buyer Responsibilities: Specifies obligations such as timely payment and accuracy of information, with options to add further responsibilities as needed.

 For dispute resolution, this agreement allows for mediation. In case of a disagreement, both parties may jointly appoint a third-party mediator to review the case and provide a binding resolution.

 To validate the agreement, both the seller and buyer, along with witnesses, must sign and apply an official seal where required, ensuring compliance with all relevant conditions. 

This Motor Vehicle Agreement does not transfer legal ownership of the vehicle. After the sale, the necessary forms must be submitted to the appropriate Regional Transport Office (RTO) to complete the ownership transfer