The Vehicle Purchase Form is a standardized legal document used in India for documenting the sale and purchase of vehicles, whether new or used. It is designed to comply with the requirements of the Motor Vehicles Act, 1988, Central Motor Vehicle Rules, 1989, and applicable state regulations. This document is essential for both private and commercial vehicle transactions, serving as a formal record of the transfer of ownership and containing crucial details such as vehicle specifications, party information, financial terms, and warranty conditions. The form is typically used by individual buyers and sellers, car dealerships, and commercial fleet operators, ensuring that all necessary information for vehicle registration and ownership transfer is properly documented. It includes provisions for both cash and financed purchases, incorporating relevant consumer protection measures under Indian law.
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1. Parties: Details of the seller and purchaser including full names, addresses, and contact information as required for vehicle registration
2. Background: Brief context of the sale and purchase transaction
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.
4. Vehicle Details: Complete specification of the vehicle including make, model, year, color, chassis number, engine number, and registration number (if applicable)
5. Purchase Price: The agreed purchase price, payment terms, and payment schedule
6. Seller's Representations: Seller's declarations regarding vehicle ownership, liens, encumbrances, and condition
7. Delivery Terms: Details about vehicle delivery or collection, including timing and location
8. Transfer of Ownership: Process and obligations for transferring vehicle ownership and registration
9. Documentation: List of required documents to be provided by seller and buyer
10. Governing Law: Specification that the agreement is governed by Indian law and relevant state regulations
1. Financing Terms: Include when the purchase involves financing or loan arrangements
2. Used Vehicle Conditions: Include for used vehicles to detail known issues, repair history, and current condition
3. Warranty Terms: Include for new vehicles or when specific warranties are being provided
4. Insurance Requirements: Include when specific insurance arrangements are part of the purchase agreement
5. Trade-in Details: Include when there is a vehicle being traded in as part of the purchase
6. Dealer Services: Include when the sale is through a dealer offering additional services
7. Registration Transfer Process: Include detailed process when selling across state lines
1. Schedule A - Vehicle Specification: Detailed technical specifications of the vehicle including all features and accessories
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
3. Schedule C - Condition Report: Detailed report of vehicle condition including photographs (particularly for used vehicles)
4. Schedule D - Required Documentation: Checklist of all required documents for transfer of ownership
5. Appendix 1 - Service History: For used vehicles, complete service history and maintenance records
6. Appendix 2 - Warranty Documents: Copies of manufacturer or dealer warranties
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