The New Car Sales Contract is a fundamental document used in Singapore's automotive retail sector for the purchase of new vehicles. It ensures compliance with Singapore's strict vehicle ownership regulations, including the Certificate of Entitlement (COE) system and emissions standards. The contract protects both dealer and buyer interests by clearly defining the vehicle specifications, payment terms, warranty conditions, and delivery arrangements. This document is essential for establishing legal ownership and ensuring adherence to Land Transport Authority (LTA) requirements and consumer protection laws.
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1. Parties: Details of the seller (dealership) and buyer, including full legal names, identification numbers, and addresses
2. Background: Context of the sale and basic information about the transaction
3. Definitions: Key terms used throughout the contract
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, and specifications
5. Purchase Price: Total price, payment terms, deposit requirements, and payment schedule
6. COE Details: Certificate of Entitlement information, bidding arrangements, and related terms
7. Delivery Terms: Expected delivery date, conditions, and procedures
8. Warranties: Standard manufacturer warranty terms and conditions
1. Trade-in Terms: Details of any trade-in vehicle arrangement when buyer is trading in an existing vehicle
2. Financing Terms: Details of hire purchase or loan arrangements when buyer is using financing
3. Extended Warranty: Terms of any additional warranty coverage when extended warranty is purchased
4. Additional Services: Terms for additional services like insurance, maintenance packages when additional services are included in sale
1. Schedule 1 - Vehicle Specification Sheet: Detailed technical specifications of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments
3. Schedule 3 - Warranty Terms: Full warranty terms and conditions
4. Appendix A - Vehicle Inspection Report: Pre-delivery inspection report
5. Appendix B - COE Documentation: COE bidding and registration documents
6. Appendix C - Optional Extras: List of additional features or accessories purchased
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