The Car Sold As Is Contract is a crucial document used in the Philippines when transferring ownership of a vehicle without warranties or guarantees regarding its condition. This type of agreement is commonly used in private vehicle sales, used car dealerships, or situations where the seller wishes to transfer the vehicle in its current condition without assuming responsibility for future repairs or issues. The contract must comply with Philippine Civil Code requirements, Consumer Act provisions, and Land Transportation Office regulations. It typically includes comprehensive vehicle details, condition disclosure, price terms, and explicit acknowledgments from the buyer regarding the "as is" nature of the sale. This document is particularly important in protecting sellers from future claims while ensuring buyers make informed decisions through transparent disclosure of the vehicle's condition.
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1. Parties: Identifies and provides complete details of the seller and buyer, including full names, addresses, and contact information
2. Background: Brief context of the sale and acknowledgment that the vehicle is being sold 'as is'
3. Definitions: Defines key terms used in the contract, including 'as is', 'vehicle', and other relevant terms
4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN, plate number, and mileage
5. Purchase Price and Payment: States the agreed purchase price and payment terms, including method and timing of payment
6. As Is Condition and Disclaimer: Explicit statement that the vehicle is sold 'as is' with no warranties, and buyer's acknowledgment of the same
7. Buyer's Inspection Acknowledgment: Buyer's confirmation of having inspected the vehicle and accepting its current condition
8. Transfer of Title and Registration: Process and responsibilities for transferring vehicle ownership and registration
9. Representations and Warranties: Limited representations about ownership and authority to sell
10. Governing Law: Specifies that Philippine law governs the agreement
11. Entire Agreement: States that the contract represents the complete agreement between parties
12. Execution: Signature block and execution details
1. Financing Terms: Include when the purchase involves financing arrangements
2. Third-Party Claims: Additional provisions regarding existing or potential third-party claims on the vehicle
3. Delivery Terms: When delivery arrangements are necessary or complex
4. Post-Sale Obligations: Any agreed post-sale responsibilities of either party
5. Dispute Resolution: Specific dispute resolution procedures if parties want to specify mediation or arbitration
6. Insurance Requirements: Include when specific insurance arrangements are needed during transfer
7. Survivorship Clause: Include when certain provisions need to survive contract termination
1. Schedule A - Vehicle Details: Comprehensive vehicle specifications, features, and equipment list
2. Schedule B - Vehicle Condition Report: Detailed documentation of the vehicle's current condition, including known issues and photographs
3. Schedule C - Maintenance Records: Available service history and maintenance documentation
4. Schedule D - Registration Documents: Copies of current registration and relevant government documentation
5. Schedule E - Payment Schedule: If applicable, detailed payment terms and schedule
6. Appendix 1 - Inspection Report: Third-party inspection report if available
7. Appendix 2 - Emissions Test Results: Recent emissions testing documentation as required by Philippine law
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