The Purchase Agreement Car Dealership is a crucial legal document used in the Philippine automotive market to formalize vehicle sales transactions between authorized dealerships and purchasers. This agreement is essential for protecting both parties' interests while ensuring compliance with Philippine regulations, including the Consumer Act (RA 7394), Land Transportation and Traffic Code (RA 4136), and relevant tax laws. The document is typically used when a customer decides to purchase a new or used vehicle from a dealership, requiring detailed documentation of the vehicle specifications, pricing, warranties, and transfer of ownership procedures. It serves as both a sales contract and a regulatory compliance document, incorporating necessary provisions for consumer protection, vehicle registration, and warranty terms as required under Philippine law.
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1. Parties: Identification of the dealer and purchaser, including complete legal names, addresses, and contact information
2. Background: Context of the agreement, establishing the dealer's authority to sell vehicles and the purchaser's intention to buy
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology
4. Vehicle Description: Detailed specification of the vehicle being purchased, including make, model, year, VIN, color, and other identifying features
5. Purchase Price and Payment Terms: Total purchase price, payment schedule, deposit requirements, and payment methods accepted
6. Delivery Terms: Conditions and timeline for vehicle delivery, including inspection procedures and acceptance criteria
7. Warranties and Representations: Standard warranties provided by manufacturer and dealer, including coverage terms and duration
8. Registration and Transfer: Responsibilities for vehicle registration and transfer of ownership under Philippine regulations
9. Taxes and Fees: Allocation of various taxes, registration fees, and other governmental charges
10. Default and Remedies: Consequences of default by either party and available legal remedies
11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
12. Entire Agreement: Integration clause confirming the agreement represents the complete understanding between parties
1. Trade-In Terms: Details of any vehicle being traded in, including valuation and condition assessment
2. Financing Provisions: Terms for dealer-provided or third-party financing arrangements
3. Insurance Requirements: Specific insurance requirements during the period between purchase and delivery
4. Customization Requirements: Details of any custom modifications or additions requested by the purchaser
5. Extended Warranty Options: Terms and conditions for additional warranty coverage beyond standard warranty
6. Force Majeure: Provisions for unforeseen circumstances affecting delivery or performance
7. Anti-Money Laundering Compliance: Additional provisions for high-value transactions requiring source of funds verification
1. Schedule A - Vehicle Specifications: Detailed technical specifications, features, and accessories of the vehicle
2. Schedule B - Warranty Documentation: Manufacturer's warranty terms and any extended warranty details
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms including installments if applicable
4. Schedule D - Delivery Checklist: Pre-delivery inspection checklist and acceptance criteria
5. Schedule E - Trade-In Valuation: Assessment report and valuation details for trade-in vehicle if applicable
6. Appendix 1 - Required Documentation: List of documents required for registration and transfer under Philippine regulations
7. Appendix 2 - Dealer Certifications: Copies of dealer's licenses and certifications required by Philippine law
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