The Private Sale Vehicle Purchase Agreement is essential for documenting private vehicle sales transactions in Malaysia. This document is primarily used when individuals wish to sell or purchase vehicles directly from other private owners, rather than through dealerships. It ensures compliance with Malaysian legal requirements, including those set by the Road Transport Department (JPJ), and addresses key aspects such as vehicle ownership transfer, payment terms, and seller warranties. The agreement protects both parties' interests by clearly documenting the transaction terms, vehicle condition, and respective obligations. It's particularly important in Malaysia where vehicle transfers must follow specific regulatory procedures and documentation requirements.
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1. Parties: Identifies and provides full details of the seller and buyer, including names, identification numbers, and addresses
2. Background: Brief context of the sale and confirmation that the seller owns the vehicle and has the right to sell it
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including the purchase price and payment terms
5. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, chassis number, and engine number
6. Seller's Representations and Warranties: Seller's confirmations about vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership at JPJ (Road Transport Department)
8. Completion: Details of when and how the sale will be completed, including handover of vehicle and documentation
9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
10. Costs: Allocation of costs related to the sale and transfer
11. General Provisions: Standard contractual provisions including governing law, entire agreement, and amendments
1. Condition Report: Detailed description of vehicle condition and known issues - recommended for older vehicles or when selling 'as is'
2. Payment Schedule: Include when payment is to be made in installments rather than a single payment
3. Vehicle History: Details of previous owners, accident history, and maintenance records - recommended for transparency
4. Insurance and Road Tax: Include when there are specific arrangements regarding transfer of insurance or remaining road tax
5. Hire Purchase Settlement: Include when the vehicle has an outstanding hire purchase agreement that needs to be settled
6. Post-Sale Services: Include if seller agrees to provide any post-sale support or maintenance services
7. Dispute Resolution: Detailed dispute resolution procedures - recommended for high-value vehicles
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Documentation: List of all documents being transferred with the vehicle (registration card, service history, etc.)
3. Schedule 3 - Vehicle Inspection Report: Recent inspection report or condition assessment if available
4. Schedule 4 - Vehicle Photos: Photographs documenting the vehicle's condition at time of sale
5. Schedule 5 - Payment Details: Banking or payment information and schedule if relevant
6. Appendix A - Required Forms: JPJ transfer forms and other official documentation required for the transfer
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Legal Services
Insurance
Financial Services
Vehicle Dealerships
Vehicle Leasing
Relevant Teams
Legal
Compliance
Administrative
Risk Management
Document Control
Fleet Management
Property Management
Operations
Relevant Roles
Legal Counsel
Paralegal
Contract Administrator
Compliance Officer
Vehicle Sales Manager
Insurance Agent
Finance Manager
Administrative Assistant
Document Controller
Legal Secretary
Risk Manager
Property Manager
Fleet Manager
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