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New Car Sales Contract

New Car Sales Contract Template for India

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Key Requirements PROMPT example:

New Car Sales Contract

"I need a New Car Sales Contract for selling a Toyota Fortuner to an individual buyer with a 20% down payment and the balance to be paid in installments over 36 months, with delivery scheduled for March 2025."

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Document background
A New Car Sales Contract is a fundamental document used in the automotive retail industry in India to formalize the sale of new vehicles. This document is essential when a dealership sells a new vehicle to either an individual or corporate buyer, ensuring compliance with Indian legislative requirements including the Motor Vehicles Act 1988, Sale of Goods Act 1930, and Consumer Protection Act 2019. The contract typically includes comprehensive details about the vehicle, pricing, warranties, delivery terms, and registration procedures. It serves to protect both parties' interests by clearly defining their rights and obligations, while also meeting regulatory requirements for vehicle transfer and registration in India. The document is particularly important as it forms the basis for vehicle registration with the Regional Transport Office (RTO) and establishes the framework for warranty claims and after-sales service.
Suggested Sections

1. Parties: Details of the seller (dealership) and buyer, including full legal names, addresses, and contact information

2. Background: Brief context setting out the seller's authority to sell the vehicle and buyer's intention to purchase

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, engine number, and specifications

5. Purchase Price and Payment Terms: Total price, payment schedule, deposit requirements, and payment methods

6. Delivery Terms: Delivery date, location, and conditions for delivery

7. Warranties and Representations: Manufacturer's warranty details and seller's representations about the vehicle's condition

8. Registration and Transfer: Process and responsibilities for vehicle registration and transfer of ownership

9. Insurance Requirements: Obligations regarding insurance coverage during and after delivery

10. Default and Termination: Circumstances constituting default and consequences of termination

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase, used when there is a trade-in arrangement

2. Financing Terms: Details of financing arrangements, used when the purchase involves dealer financing

3. Extended Warranty: Terms of any extended warranty or service package, included when additional coverage is purchased

4. Accessories and Modifications: Details of any additional accessories or modifications to be installed, included when extras are being purchased

5. Force Majeure: Provisions for unforeseen circumstances affecting contract performance, included in higher-value transactions

Suggested Schedules

1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates

3. Schedule 3 - Warranty Terms: Full terms and conditions of manufacturer's warranty and any extended warranty

4. Appendix A - Vehicle Inspection Report: Pre-delivery inspection report detailing the condition of the vehicle

5. Appendix B - Required Documentation: List of documents required for registration and transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses
























Relevant Industries

Automotive

Retail

Financial Services

Insurance

Transportation

Manufacturing

Relevant Teams

Legal

Sales

Finance

Compliance

Operations

Customer Service

Documentation

Business Development

Risk Management

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Dealership Manager

Sales Executive

Customer Service Manager

Business Development Manager

Operations Manager

Contract Administrator

Documentation Specialist

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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