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Car Buying Deposit Contract
"I need a Car Buying Deposit Contract for a second-hand Toyota Camry purchase from ABC Motors in Singapore, with a 5% deposit of SGD 5,000 and completion date set for March 15, 2025, including trade-in provisions for my existing vehicle."
1. Parties: Details of buyer and seller including full legal names and addresses
2. Background: Context of the transaction and purpose of the deposit agreement
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN
5. Deposit Terms: Amount, payment method, and timing of deposit
6. Purchase Price: Total purchase price and payment schedule
7. Completion Timeline: Expected dates for completion of sale
1. Financing Terms: Additional terms and conditions when purchase involves external financing
2. Trade-in Details: Terms and conditions related to trade-in vehicle when applicable
3. Warranty Terms: Details of any additional warranties provided beyond statutory requirements
1. Vehicle Condition Report: Detailed assessment of vehicle condition including photographs and inspection results
2. Vehicle Registration Documents: Copies of current registration documents and ownership history
3. Service History: Documentation of vehicle maintenance and service history
4. Payment Schedule: Detailed breakdown of payment terms and installment schedule if applicable
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