Are you planning to sell your car without any warranty or guarantee? If so, you may need to create a “sold as is” contract to protect yourself from potential legal issues down the road. Here’s a sample contract that you can use as guidance.
1. Seller information
First, include your personal information as the car seller. Write your full name, address, and phone number. You should also include the vehicle’s make, model, year, and VIN number.
2. Buyer information
Next, write down the buyer’s information. Include their full name, address, and phone number.
3. Vehicle condition
State the condition of the vehicle in writing. Make sure to mention any defects, damages, or issues that the buyer should be aware of. For instance, if the car has a dent, scratch, or a faulty engine, indicate these in the contract.
4. Purchase price
Specify the purchase price of the vehicle. This should be the agreed-upon amount between you and the buyer. Make sure to write it in numbers and in words.
5. Payment terms
Decide on the payment terms with the buyer. Will they pay in cash or check? Will they make a deposit or pay the full amount upfront? Make sure to include these details in the contract.
6. Release of liability
Include a clause that states that you (the seller) are releasing all liability for the vehicle once it has been sold. This means that the buyer will be responsible for any accidents, damages, or issues that may arise after the purchase.
7. Signatures
Finally, both you and the buyer should sign the contract. This serves as proof of agreement and can be presented in case of any legal disputes.
By creating a “sold as is” contract, you’re protecting yourself from any potential legal issues that may arise when selling a car without any warranty or guarantee. Remember to include all important details and have both parties sign the contract for a smooth and successful transaction.