The Car Dealer Purchase Agreement Form is a crucial legal document used in Nigeria for the sale and purchase of vehicles through authorized dealerships. This document is essential when a buyer intends to purchase a new or used vehicle from a licensed dealer, requiring detailed documentation of the transaction terms, vehicle specifications, and obligations of both parties. The agreement ensures compliance with Nigerian automotive regulations, consumer protection laws, and vehicle registration requirements. It protects both the dealer's and purchaser's interests by clearly stating warranties, payment terms, delivery conditions, and after-sales services. This standardized form helps prevent disputes by documenting all aspects of the transaction while meeting local legal requirements for vehicle sales.
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1. Parties: Identifies the dealer and purchaser with full legal names, addresses, and registration details
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, and specifications
5. Purchase Price and Payment Terms: States the total purchase price, deposit requirements, and payment schedule
6. Delivery and Transfer of Title: Specifies delivery details, documentation requirements, and process for transfer of ownership
7. Warranties and Representations: Details dealer warranties, manufacturer warranties, and representations about the vehicle's condition
8. Dealer Obligations: Lists all obligations of the dealer including pre-delivery inspection and documentation
9. Purchaser Obligations: Outlines purchaser's responsibilities including payment, insurance, and registration
10. Risk and Insurance: Specifies when risk transfers and insurance requirements
11. Termination: Conditions under which the agreement can be terminated by either party
12. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
13. Execution: Signature blocks and execution details
1. Trade-In Details: Used when the purchaser is trading in another vehicle as part of the purchase
2. Financing Terms: Included when the purchase involves dealer financing or hire purchase arrangements
3. Extended Warranty: Details of any extended warranty packages purchased
4. After-Sales Service Agreement: Terms of any special service packages or maintenance agreements
5. Import Documentation: Required for imported vehicles to confirm compliance with Nigerian customs regulations
6. Special Modifications: Details of any modifications to be made to the vehicle before delivery
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
3. Schedule 3 - Warranty Terms: Full terms and conditions of manufacturer and dealer warranties
4. Schedule 4 - Pre-Delivery Inspection Report: Comprehensive vehicle inspection report
5. Schedule 5 - Vehicle Documentation: List of all documentation to be provided with the vehicle
6. Appendix A - Vehicle Photographs: Dated photographs of the vehicle at time of agreement
7. Appendix B - Certification Documents: Copies of relevant certification and compliance documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Transportation
Fleet Management
Logistics
Car Rental
Automotive Finance
Insurance
Corporate Services
Public Transportation
Relevant Teams
Sales
Legal
Compliance
Finance
Procurement
Customer Service
Quality Assurance
Documentation
After-Sales Service
Risk Management
Relevant Roles
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Fleet Manager
Procurement Manager
Car Dealer Principal
Sales Executive
Vehicle Documentation Specialist
Contracts Administrator
Automotive Finance Specialist
Customer Service Manager
Quality Assurance Manager
Vehicle Inspector
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