The As Is Private Car Sale Agreement is a crucial document used in the Philippines when transferring ownership of a used vehicle between private parties without any warranties or guarantees. This document is particularly important when the seller wants to limit their liability and ensure the buyer understands they are purchasing the vehicle in its current condition. The agreement must comply with Philippine Civil Code provisions, Land Transportation Office (LTO) requirements, and relevant consumer protection laws, even in an "as is" sale. It includes detailed vehicle information, condition disclosure, price and payment terms, and transfer procedures. This type of agreement is commonly used in private vehicle sales where the seller is not a dealer and cannot or does not wish to provide warranties beyond the basic representations of ownership and absence of liens.
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1. Parties: Identifies the Seller and Buyer with their complete legal names, addresses, and government ID details as required by Philippine regulations
2. Background: Brief context of the sale, establishing that this is a private sale of a used vehicle on an 'as is' basis
3. Definitions: Defines key terms used in the agreement including 'Vehicle', 'Purchase Price', 'As Is Condition', and 'Closing Date'
4. Sale and Purchase: Core agreement to sell and purchase the vehicle, including the purchase price and payment terms
5. As Is Condition: Explicit statement that the vehicle is sold 'as is' with no warranties, and buyer accepts the current condition
6. Seller's Representations: Basic representations about vehicle ownership, right to sell, and absence of liens
7. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
8. Transfer of Title: Process and requirements for transferring vehicle registration and ownership
9. Payment Terms: Details of payment method, timing, and any installment arrangements
10. Delivery: Specifications for vehicle handover including timing, location, and included items
11. Governing Law: Specifies Philippine law as governing law and jurisdiction
12. Execution: Signature blocks with witness requirements as per Philippine law
1. Intermediary/Broker: Required if a broker or agent is involved in facilitating the sale
2. Installment Terms: Include if payment is not made in full at closing
3. Security Interest: Required if seller retains any security interest pending full payment
4. Insurance Transfer: Include if existing insurance policy is being transferred or requirements for new insurance
5. Dispute Resolution: Optional section specifying mediation or arbitration procedures
6. Language Clause: Required if agreement is executed in multiple languages
1. Schedule A - Vehicle Details: Comprehensive details of the vehicle including make, model, year, VIN, plate number, mileage, known defects, and accident history
2. Schedule B - Delivery Items: List of items included with the vehicle (spare tire, tools, manuals, etc.)
3. Schedule C - LTO Transfer Requirements: Checklist of documents required for LTO transfer of registration
4. Appendix 1 - Vehicle Inspection Report: Detailed report of vehicle condition at time of sale
5. Appendix 2 - Payment Receipt: Official receipt template for payment
6. Appendix 3 - Deed of Sale: Standard LTO deed of sale form required for registration transfer
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