Car Sale Agreement Sample Kenya: What You Need to Know
When buying or selling a car in Kenya, it is crucial to have a car sale agreement in place. A car sale agreement is a legally binding document that outlines the terms and conditions of the sale between the buyer and the seller. This agreement protects both parties from potential disputes or disagreements that may arise during or after the sale.
In this article, we will provide you with a car sale agreement sample Kenya to help guide you through the process.
What Should be Included in a Car Sale Agreement?
1. Vehicle Details: The car sale agreement should clearly state the details of the vehicle being sold. This includes the make, model, year, color, and VIN (vehicle identification number).
2. Purchase Price: The agreement should state the purchase price agreed upon by both parties.
3. Payment Terms: The agreement should outline the payment terms, including the amount of the deposit and the balance due upon completion.
4. Title Transfer: The agreement should state that the seller has legal ownership of the vehicle and is authorized to sell it. It should also state that the title will be transferred to the buyer upon completion of the sale.
5. Warranties: If the vehicle is being sold with a warranty, the agreement should clearly state the terms and conditions of the warranty.
6. Condition of the Vehicle: The agreement should state that the vehicle is being sold ”as-is” with no implied or explicit warranties of any kind.
7. Delivery of the Vehicle: The agreement should outline the date and time of delivery of the vehicle, along with any delivery fees or charges.
8. Signatures: The agreement should be signed by both the buyer and the seller, along with their contact information and the date of the sale.
Car Sale Agreement Sample Kenya:
[Insert Seller Name] (the ”Seller”), agrees to sell the vehicle described below to [Insert Buyer Name] (the ”Buyer”) for the purchase price of [Insert Purchase Price] on the terms and conditions set forth in this agreement.
Vehicle Details:
Make: [Insert Make]
Model: [Insert Model]
Year: [Insert Year]
Color: [Insert Color]
VIN: [Insert VIN]
Purchase Price:
The purchase price for the vehicle is [Insert Purchase Price].
Payment Terms:
The Buyer shall pay a deposit of [Insert Deposit Amount] upon signing this agreement. The balance of [Insert Balance Amount] shall be due upon completion of the sale.
Title Transfer:
The Seller represents that he/she is the legal owner of the vehicle and is authorized to sell it. Upon completion of the sale, the Seller shall transfer the title of the vehicle to the Buyer.
Warranties:
The vehicle is being sold ”as-is” with no implied or explicit warranties of any kind.
Condition of the Vehicle:
The Buyer acknowledges that he/she has inspected the vehicle and is purchasing it in its present condition. The Buyer accepts the vehicle ”as-is” and assumes all responsibility for its condition.
Delivery of the Vehicle:
The Seller shall deliver the vehicle to the Buyer on [Insert Date of Delivery] at [Insert Time of Delivery]. The Buyer shall be responsible for any delivery fees or charges.
Signatures:
By signing below, the parties agree to the terms and conditions of this agreement.
Seller: [Insert Seller Name]
Buyer: [Insert Buyer Name]
Date: [Insert Date of Sale]
Conclusion:
A car sale agreement is a legally binding document that outlines the terms and conditions of a sale between a buyer and a seller. It is important to have a written agreement to protect both parties from potential disputes or disagreements that may arise during or after the sale. Use our car sale agreement sample Kenya as a guide to ensure that all the necessary information is included in your agreement.