A Private Car Sale Agreement is a crucial document used in Hong Kong for documenting the sale and purchase of motor vehicles between private parties or entities. This agreement is essential for any private vehicle sale transaction in Hong Kong, ensuring compliance with local regulations including the Road Traffic Ordinance and Sale of Goods Ordinance. It should be used whenever a motor vehicle is being sold privately, whether between individuals or involving corporate entities. The document typically includes comprehensive details about the vehicle, parties involved, purchase price, payment terms, warranties, and the process for transferring vehicle registration through the Hong Kong Transport Department. It serves as evidence of the transaction and helps prevent future disputes by clearly documenting the terms of sale, vehicle condition, and each party's rights and obligations.
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1. Parties: Identification and full details of the seller and buyer including names, HKID numbers, addresses, and contact information
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, registration number, chassis number, and engine number
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, accident history, and outstanding liabilities
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through Hong Kong Transport Department
8. Completion: Details of when and where the vehicle handover will take place and what documents must be provided
9. Governing Law: Confirmation that the agreement is governed by Hong Kong law
1. Outstanding Loans: Details of any outstanding loans on the vehicle and process for settlement - include when there is an existing car loan
2. Vehicle Inspection: Terms for pre-purchase inspection rights and conditions - include when buyer requests inspection rights
3. Deposit Terms: Terms relating to any deposit paid and conditions for refund or forfeiture - include when a deposit is part of the transaction
4. Post-Sale Maintenance: Any agreed post-sale maintenance or warranty arrangements - include when seller offers additional guarantees
5. Insurance Transfer: Process for handling existing insurance policies - include when there's transferable insurance
6. Dispute Resolution: Detailed dispute resolution procedures - include for high-value transactions
1. Schedule 1 - Vehicle Condition Report: Detailed report of the vehicle's current condition, including photographs and noted defects
2. Schedule 2 - Vehicle Documentation: List of all documentation provided including registration documents, maintenance records, and previous inspection certificates
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms if payment is to be made in installments
4. Appendix A - Vehicle Photographs: Recent photographs of the vehicle showing its current condition from multiple angles
5. Appendix B - Maintenance History: Detailed service and maintenance history of the vehicle
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