Car Purchase & Sale Agreement

by Candice Irene

A car purchase and sale agreement is a legal document between the seller of a car and the buyer. This contract gives details regarding the vehicle for sale and authorizes the change in ownership.

Parties

Couple talking with dealer

The car sale agreement will list the parties involved in the transaction. The owner will state his name, address and contact information. The buyer will also list his information.

Vehicle

Dealer showing woman paperwork

Details regarding the vehicle, such as the make, model and year, will be listed within the car purchase and sale agreement document. It also will list the car's odometer reading, color and its vehicle identification number.

Terms

Dealer going over paperwork with customer

The terms in which the vehicle will be transferred to the new owner will be listed in the agreement. The document will include the price of the car, the payment method and the handover date. Each party must sign the car purchase and agreement for it to be a legally binding contract.

About the Author

Candice Irene has been writing professionally since 2001. She has more than seven years of experience with "The Detroit News" and has also written for Associated Content. Irene holds a Bachelor of Arts in journalism from Wayne State University.

Photo Credits

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